General

The languid private home market will see its first major launch since July when property giant UOL showcases its 663-unit Principal Garden condominium project at Prince Charles Crescent next week. Market watchers have said that the response will help developers gauge buyer interest and decide when to release projects in the pipeline. The last big condo project, High Park Residences, which is in...

Mortgage rates have risen since the start of the year, and analysts have said home owners should brace themselves for further increases. At the beginning of 2015, home buyers in Singapore could get loans that start at 1.6 per cent in the first year. That rate has been creeping up, and the figure is now around 2 per cent, for rates pegged to three-month Singapore Interbank Offered Rate (SIBOR), said CEO...

There are no hotdog stands or amusement rides at the new Coney Island Park, but there is no reason why it cannot be as popular as its New York namesake. Barely hours after it opened, there were already droves of cyclists and nature lovers at the 50-hectare park. Located off Singapore's North East coast, Coney Island or Pulau Serangoon, is home to a wide variety of habitats, including coastal forests,...

Prices for Housing and Development Board (HDB) resale flats fell slightly by 0.4 per cent in September when compared to August, while transaction volume rose by 3.9 per cent, according to the latest data released by SRX Property. In a report released on Thursday (Oct 8), SRX said prices for 3-room, 4-room and 5-room flats decreased by 0.1 per cent, 0.6 per cent and 1.1 per cent respectively, while the...

There has been a sharp increase in the number of properties put up for auction as mortgagee sales. According to Colliers International, there were 171 such listings in the first nine months of this year. This was 52.7 per cent higher, compared to 112 in the same period last year. There were 32 landed properties - more than double the 15 listings when compared to a year ago - including a bungalow in...

Even as more Singaporeans are getting married and having babies, the Republic’s population grew at its slowest in a decade, rising 1.2 per cent to reach 5.54 million in June. The statistics, released on Wednesday (Sep 30) by the National Population and Talent Division (NPTD) in its annual Population in Brief report, also showed that the number of citizens rose to 3.38 million, through births and...

Average monthly gross rents in the CBD (central business district) declined by 4.1 per cent quarter on quarter (q-o-q) to S$10.40 per square foot in Q3, the first decline from an uptrend since 2013, said DTZ Southeast Asia. This comes on the back of headwinds in the external economic environment. Average monthly gross rents in Marina Bay dropped 5.5 per cent q-o-q to S$13 per sq ft, while rents in...

Flash estimates of the Resale Price Index (RPI) for the third quarter of 2015 showed a 0.3 per cent decline in the prices of Housing and Development Board (HDB) flats over the previous quarter, HDB announced on Thursday (Oct 1). The flash estimate for the index is 134.6, HDB said, down from 135.0 in the previous quarter – the ninth consecutive quarter of decline. The RPI for the full quarter will...

The overall private residential property index fell for an eighth straight quarter, with prices down by 1.3 per cent in the July to September period, compared to the 0.9 per cent decline in the previous quarter, according to Urban Redevelopment Authority (URA) flash estimates released on Thursday (Oct 1). Prices of non-landed private residential properties declined in all market segments, the URA said....

Two land parcels were released for sale on Wednesday (Sep 30) by the Urban Redevelopment Authority. Collectively, they can yield about 515 residential units. Both sites have a lease period of 99 years and they come under the Second Half 2015 Government Land Sales Programme. The first site - at Alexandra View - has been launched for sale under the Confirmed List. Located near Redhill MRT station, it...