General

Some Singapore-listed housing developers can now apply to be exempted from the Qualifying Certificate (QC) rules imposed on foreign housing developers, provided they have a "substantial connection to Singapore". This will spare them from having to pay hefty extension charges if they cannot meet stipulated deadlines to complete developing their projects and selling all the units. Developers that stand...

The Housing Board resale market started this year on an upbeat note. More HDB changed hands in January compared with December and their prices inched up by 0.5 per cent. In all, 1,920 HDB resale flats were sold last month, 3.3 per cent more than December, according to flash estimates from real estate portal SRX on Thursday. It reversed a 3 per cent slide in December from the preceding month. It...

Sungei Kadut is set for a multimillion-dollar facelift that will see the area transformed into an eco-district that embodies the concept of live, work and play, based on a 30-year plan to enliven one of Singapore's oldest industrial estates. Announcing the plans on Thursday morning, Trade and Industry Minister Chan Chun Sing said Sungei Kadut Eco-District will anchor new growth industries, such as...

A portfoilo of 11 freehold commercial units at mixed-use development Balestier Point is up for sale at S$68 million, exclusive marketing agent Savills Singapore said on Wednesday. Unit sizes range from 269 to 5,609 square feet (sq ft), making up a total strata area of about 19,787 sq ft. The units can be bought individually or collectively, with the smallest unit priced at about S$1.2 million. They...

In property-crazed Singapore, owning real estate isn't always the high-yielding investment you might think. The rate of return for private apartments in the city-state has slipped since 2011, when measures to cool the market were introduced by the government. In fact, some units now have a lower yield than Singapore's national pension plan, the Central Provident Fund (CPF), which has a minimum fixed...

A corner pair of freehold shophouses at 24 and 26 Moonstone Lane is up for sale as a bundle with an indicative price of S$6.6 million, marketing agent CBRE said on Tuesday. The two-storey shophouses occupy a total site area of about 2,877 square feet (sq ft) and have a combined existing built-up area of about 4,628 sq ft. Under the Urban Revelopment Authority's (URA) 2019 Master Plan, the properties...

A Government-led review has rejected a claim that property developers have been colluding in their bids on Government land sales (GLS) tenders, an assertion which National University of Singapore (NUS) academics initially said had deprived the state’s coffers of hundreds of millions of dollars of revenue. The four NUS Business School researchers later retracted this claim from their paper, but on...

Colliers International today announced that it has successfully brokered the purchase of Wisma Gulab, a nine-storey industrial building at 190 MacPherson Road at SGD88 million for Heap Seng Group. The purchase price of S$88 million translates to S$692 per square foot (psf) on total net lettable area of 127,240 square feet (11,821 sq m). This is the largest freehold industrial site sold in two years...

Two retail units within a shophouse in Holland Village together with their adjacent front and rear land parcels have been launched for sale at an indicative price of S$13.8 million. The two strata units, one on the first storey and the other on the second storey, are located at 26A and 26C Lorong Mambong respectively. The freehold properties have a total strata area of about 1,840 square feet (sq...

The private residential market in Singapore appears to be stabilising in line with economic fundamentals, said Chia Ngiang Hong, president of the Real Estate Developers’ Association of Singapore (Redas). "In the beginning of the year, most analysts expect new home sales for the year 2020 to remain resilient and roughly match 2019’s level. Prices of new homes are not expected to change much," Mr Chia...