After a tumultuous final quarter last year, Singapore’s housing market continued to weaken in the first three months this year as prices in both the private and public sectors fell and analysts warned that there will not be any reversal in fortunes as long as the Government’s cooling measures stayed in place. Private home prices slid 1.3 per cent in the January-to-March period from the previous...
General
Singapore home prices fell in the first quarter of this year from the last three months of 2013. This is according to flash estimates released Tuesday by the Housing and Development Board (HDB), and the Urban Redevelopment Authority (URA). It is the third straight quarter of decline for HDB resale prices. The numbers show a 1.5-per cent decline from the last quarter of 2013. There was also a...
The demand for the second batch of Build-to-Order (BTO) flats launched this year has dropped, compared to the previous batch. But analysts Channel NewsAsia spoke to said the housing needs of some groups are still not being met. The exercise will close at midnight on Tuesday. There were 4.1 applicants vying for each unit in January's BTO exercise. But for the exercise this month, the number is at...
Small- and medium-sized enterprises (SMEs) can look forward to more innovative industrial developments from JTC Corporation. Outlining its plans for the future, JTC says the 16 projects it is working on are expected to add 800,000 square metres of multi-user space by 2017. JTC also expects industrial rents to continue to moderate in the coming years. JTC is the lead industrial infrastructure...
The private residential market is showing signs that the recent measures implemented are having some effect. Developers of a recently-launched project - The Santorini, located in Tampines - said while there were many visitors at the showroom, few actually signed on the dotted line. The project was launched on Saturday, and some 40 percent of its units have been sold. Developers said as it now...
Resale prices of completed non-landed private homes continued to fall last month, showed Singapore Residential Price Index (SRPI) flash estimates released yesterday, dragged down by an acceleration in the decline in prices of shoebox apartments. The SRPI, compiled by the National University of Singapore’s (NUS) Institute of Real Estate Studies, showed overall prices falling by 0.4 per cent last month...
The Housing and Development Board (HDB) has launched a $500,000 fund to help transform ideas that seek to improve HDB living into reality. Budding inventors will be able to tap on the Cool Ideas Fund to develop prototypes for test-bedding in HDB flats. National Development Minister Khaw Boon Wan announced this at the second Cool Ideas for Better HDB Living exhibition on Saturday. The fund will be...
Total investments on Singapore properties among international investors surged to S$6.4 billion last year, says property consultancy Knight Frank. This was nearly double the S$3.4 billion in 2012. The residential segment accounted for the majority of the investments, but analysts say investors are shifting their focus to hotels and commercial properties. "The Panorama" in Ang Mo Kio by Hong Kong's...
The government has released three land parcels for private housing which are expected to yield some 1,300 units. In a joint news release, the Housing and Development Board and the Urban Redevelopment Authority said those three sites are released for sale under the first half of this year's Government Land Sales programme. Two adjacent sites at Yishun Street 51 have been launched for sale under the...
Southeast Asia's largest developer CapitaLand has bought a 60 per cent interest in two adjacent prime residential sites in the western Chinese city of Chengdu for 752 million yuan (about S$155 million), further strengthening its presence in the world's most populous country. CapitaLand plans to build around 4,600 apartment units on the sites to cater to first-time homebuyers and upgraders. Construction...