General

"Sell one property, buy two" has been the sales pitch of numerous property agents in these challenging times. The proposition - sell your HDB flat and use the proceeds for down payments on two condos - has had some home owners and investors hooked, but market watchers are cautioning against it, calling for prudence as it carries some serious risks. Potential buyers are urged to do their sums...

The Urban Redevelopment Authority (URA) has launched a residential site at Irwell Bank Road for sale by public tender, it said on Thursday. The site spans an area of 12,789 square metres (sq m) with a gross floor area of 35,809 sq m. The 99-year leasehold site can yield about 445 residential units, with a maximum building height of 36 storeys. It is located within a well-established residential...

Developer Hong Leong Holdings saw a take-up rate of nearly 50 per cent for the launch weekend of its 564-unit Midwood condominium, with 24 units sold out of 50 released. Hong Leong Holdings' head of sales and marketing Betsy Chng said the developer is "very pleased" with the sales. "While our attractive pricing might be one of the reasons for the strong turnout, we believe that Midwood's location and...

China-based property developer Yanlord Land Group on Friday morning launched fresh mandatory offers for United Engineers (UE), in a deal valuing the latter at S$1.66 billion. Yanlord's wholly-owned subsidiary Yanlord Investment (Singapore) (YIS) is offering to acquire the ordinary and preference shares in the property, engineering and construction group at S$2.60 apiece in cash. This is the same as...

Prices of private residential properties in Singapore continued to climb in the third quarter of 2019, after hitting their highest levels in at least five years in the previous quarter. The private residential property index increased 1.3 per cent to 152.8 points in the third quarter, the latest data from the Urban Redevelopment Authority showed on Friday (Oct 25). In Q2, the index had risen 1.5 per...

Prices of office space in Singapore's central region decreased by 3.9 per cent in the third quarter, compared with the 0.9 per cent increase in the previous quarter, according to the latest data from the Urban Redevelopment Authority (URA). URA's rental index of office space in the central region declined by 0.6 per cent in Q3, versus a 1.3 per cent increase in the prior quarter. As at the end of Q3...

Rents of retail space in the central region of Singapore increased by 2.3 per cent in the third quarter, after falling 1.5 per cent in the previous quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday. URA's price index of retail space in the central region was up 1.1 per cent in Q3, versus the 0.4 per cent increase in Q2. As at the end of Q3, there was a total...

The number of resale transactions in Singapore's public housing market fell slightly in the third quarter as prices inched up, the Housing and Development Board (HDB) announced on Friday (Oct 25). The prices of resale flats rose by 0.1 per cent in the three months ending September, confirming flash estimates announced at the start of the month. The resale price index - which provides information on...

Rents and prices of industrial space in Singapore remained stable in the third quarter of this year compared with the previous three months, according to the latest data from industrial land and infrastructure agency JTC Corp. The price index was up 0.1 per cent quarter on quarter, while the rental index was flat. Compared with a year ago, the price index edged down 0.1 per cent while the rental index...

Paya Lebar Quarter (PLQ), a mixed-used development by Lendlease, was officially launched on Thursday. The opening ceremony was graced by guest of honour Lawrence Wong, Minister for National Development and Second Minister for Finance, and Bruce Gosper, the Australian High Commissioner to Singapore. "All in all it's a tremendous opportunity for us to reimagine and remake Paya Lebar for the future,...