A residential site at West Coast Vale has been released for sale under the confirmed list of the first half of the Government Land Sales (GLS) Programme, the Urban Redevelopment Authority (URA) announced on Thursday (Jun 18). The site, which spans about 19,000 square metres (sq m) and has around 53,000 sq m in permissible gross floor area, can potentially yield about 595 residential units, URA...
General
The annual churn compounded by the sluggish property market has led to more than 2,000 property agents leaving major real estate agencies here in the first three months of the year, industry data showed. As of Apr 1, there were 23,947 agents, an 8 per cent drop from 26,014 towards the end of last year. Earlier this week, the Ministry of Manpower’s latest labour market report showed that the number of...
New private home sales in Singapore fell 45 per cent in May from April as developers launched fewer units. Data from the Urban Redevelopment Authority (URA) on Monday (Jun 15) showed developers sold 638 housing units last month - well below the revised figure of 1,167 units for April. The number of units sold in May was, however, higher than the monthly figures for January to March. The bulk of homes...
The Ministry of National Development (MND) said on Thursday (Jun 11) that it has launched four Confirmed List sites and 13 Reserve List sites under the Government Land Sales (GLS) programme for the second half of 2015. The Confirmed List sites comprise three private residential sites at Alexandra View, Clementi Avenue 1 and Siglap Road, and an Executive Condominium (EC) site at Yio Chu Kang...
OUE Commercial REIT on Wednesday (Jun 10) announced its plans to buy into One Raffles Place, in its maiden acquisition since its initial public offering in January last year. Under the deal, OUE Commercial REIT plans to buy a stake of between 75 per cent and 83.33 per cent in OUB Centre Limited, which owns One Raffles Place. OUB is the registered owner of the property and it owns 81.54 per cent of the...
The number of applications for the Lease Buyback Scheme (LBS) has increased when it was enhanced in April this year, compared to the previous enhancement in February 2013, announced the Housing & Development Board on Friday (Jun 12). In a media factsheet, HDB also said that 450 LBS applications were received in the first two months after the enhancements kicked in. The enhancements included an extension...
Singapore's PropertyGuru has raised S$175 million from several investors include US private equity giant TPG, in a sign of growing interest in regional online portals that cater to consumers looking to buy or rent property. The other investors are Indonesian media company Emtek Group and Asia Pacific-based tech venture capital firm Square Peg Capital, PropertyGuru said in a statement on Tuesday (Jun...
Prices of non-landed private homes remained flat in May 2015 as compared to the previous month, according to flash estimates by SRX Property on Tuesday (Jun 9). In individual sectors, the city fringe saw a resale price increase of 0.8 per cent, while resale prices in suburbs edged up by 0.3 per cent. Resale prices in the Core Central Region (CCR) decreased by 1.2 per cent, according to SRX's...
Starting Friday (Jun 5), the public will have access to information such as the amount of discounts and rebates offered by private residential developers. Direct discounts, furniture vouchers and absorbing the stamp duties are some of the carrots developers dangle at property launches to attract buyers. But the discounts and rebates may vary from buyer to buyer, and buyers often have no way of...
Telin Singapore is building a new five-storey data centre and telecommunication hub in Jurong. This will be the third data centre owned by the company, which is a fully-owned subsidiary of Telkom Indonesia. The 20,000-square-metre facility will help address demand for data centre services in the Republic, and support Singapore's Smart Nation vision. It will also have the capacity to meet demand for...