General

Private home prices in Singapore in the second quarter fell 1.1 per cent from the previous quarter, according to flash estimates by the Urban Redevelopment Authority (URA) on Wednesday (Jul 1). The private residential property price index decreased by 1.7 points from 152.1 points in the first quarter to 150.4 points in the second quarter. "This represents a decrease of 1.1 per cent compared to the...

Resale prices in the public housing market inched up 0.2 per cent in the second quarter of 2020, after holding steady in the first quarter amid the COVID-19 outbreak. This contrasts with two consecutive quarters of decline in prices in the private property sector. The resale price index for public housing was 131.8, up from 131.5 in the first quarter, according to a flash estimate released by the...

The Government has reduced the supply of private residential units on the confirmed list of its land sales programme for the second half of this year, due to the economic impact from the COVID-19 pandemic. Three private residential sites - including one executive condominium site - have been added to the confirmed list of the Government Land Sales (GLS) Programme for the second half of 2020, said the...

Property agents are gearing up to serve more home buyers who want to view showrooms and resale residential units in person, in Phase 2 of Singapore’s post-“circuit breaker” reopening. Potential buyers were unable to do so for more than two months due to COVID-19 restrictions, prompting some of them to turn to virtual viewings instead. Since Phase 2 started on Friday (Jun 19), Mr Benjamin Poh,...

Marketing agent PropNex Realty informed that the adjacent condominiums Wing Fong Mansions and Wing Fong Court will be put up for tender on Tuesday, with an indicative land pricing of S$1,280 per square foot per plot ratio (psf ppr) for the combined sites. The two freehold homes in Geylang were put up for collective sale by PropNex in January of this year, with the tenders originally scheduled to finish...

Two strata office floors of the GB Building in the CBD will be put up for sale via expression of interest (EOI) on Tuesday, according to a press release from CBRE. Level 16 of the GB Building is expected to sell for an indicative price of S$11.9 million, or approximately S$2,200 per square foot (psf) on the strata area, while Level 23 is expected to sell for an indicative price of S$12.7 million, or...

Sales of new private homes rose 75 per cent last month despite the circuit breaker period, a surprise to many analysts who expected the property market to remain muted after the sharp plunge in April. Data released by the Urban Redevelopment Authority (URA) on Monday (Jun 15) showed that developers sold 486 units - excluding executive condominiums (EC) - last month, compared with 277 units in...

Chinese buyout firm Hopu is partnering with key shareholders of Perennial Real Estate Holdings, including Wilmar International and its CEO, to take Perennial private in a deal that values it at S$1.58 billion. The consortium, which includes firms owned by entrepreneur Ron Sim and Perennial's CEO, said late on Friday (Jun 12) that the offer comes at a time when the COVID-19 pandemic has roiled the global...

Mixed-use tower High Street Centre at 1 North Bridge Road will be available from Tuesday for collective sale via public tender at a reserve price of S$800 million, with approval received for commercial and hotel use. Owners holding not less than 80 per cent of strata area and share value of the commercial and residential property have agreed to put it on the market with that price tag, the appointed...

Bigger coffee shops in neighbourhoods, more personal mobility devices, or even government-built flats in the Central Business District (CBD). The future Singapore will likely look very different from the pre-pandemic days, with Covid-19 already shaking up how Singaporeans work, live and play today, urban thinkers and property watchers said. The Urban Redevelopment Authority (URA) said in response to...