Singapore is now in the first phase of the post-circuit breaker period. Some sectors of the economy have reopened, but it isn’t quite business as usual in the property sector. Developers’ show galleries remain closed, and property agents are still unable to conduct face-to-face meetings or viewings with prospective buyers. Amid these challenging operating conditions, new private home sales fell...
General
Resale prices for non-landed private homes held steady in May despite another plunge in sales volume during the second month of the circuit breaker period, according to flash figures from real estate portal SRX Property on Tuesday. About 171 units were resold in May, similar to levels seen during the financial crisis of 2009. This volume is a 43 per cent decrease from the 300 units resold in April,...
A mixed-use development at 101 Beach Road will be up for collective sale at a reserve price of S$90 million, real estate services firm Cushman & Wakefield said in a press statement on Tuesday. The property will be officially launched for sale by tender on Wednesday. 101 Beach Road sits on a corner land plot of 698.9 square metres (7,523 square feet) at the junction of Beach Road and Liang Seah...
Located at one the most desirable address in Singapore, Marina Bay Residences is an iconic landmark that will redefine the meaning of luxurious living. Set in the heart of the brand new Marina Bay district, Marina Bay Residences offers residents a superb selection of business and pleasure activities. The Marina Bay Financial Centre is right next door and the corporate and business centre of...
Business and Industrial Parks play a vital role in Singapore's economy. They provide a range of employment and business opportunities for companies in various industries, and contribute to the country's growth and development. Business Parks in Singapore are for businesses engaged in high-technology, research and development (R&D), high value-added and knowledge intensive activities. They offer...
Housing Board flat resale volumes tumbled still further last month, following the already record low number of flats resold in April and dropping to levels not seen in the last thirty years, real estate portal SRX figures showed on Thursday. Just 364 flats changed hands in May, a 13.9 decrease from the 423 resold in April. Both figures logged during the circuit breaker months were lower than the...
GSM Building at 141 Middle Road has been launched for sale by tender, after the minimum consent level required for the site to be launched for an en bloc sale was achieved, according to marketing agent Mount Everest Properties. The upgrading premium is about S$18.6 million, on top of the asking price in the region of S$98 million, Mount Everest Properties said. The building has a land area of about...
The Housing and Development Board (HDB) will offer about 7,800 flats in its Build-To-Order (BTO) August 2020 sales exercise, it said in a press release on Friday (May 29), as Singapore readied itself to exit the COVID-19 "circuit breaker" period. The BTO exercise originally scheduled for launch in May will be combined with the August exercise. HDB added it would also be gradually resuming its...
A land parcel at Tanah Merah Kechil Link, slated for residential with commercial use on the first storey, is now up for sale by public tender. The Urban Redevelopment Authority (URA) launched the tender on Thursday, under the confirmed list of the first half 2020 government land sales (GLS) programme. The site can potentially yield about 265 residential units and has a lease period of 99 years. It...
Sales of new private homes last month plunged 58 per cent from March as a result of "circuit breaker" restrictions, with analysts expecting the property market to remain muted in May. Data released by the Urban Redevelopment Authority (URA) on Friday (May 15) showed developers sold 277 units - excluding executive condominiums (EC) - last month, compared with 660 units sold in March. Including ECs,...