General

The market share of the Singapore residential property market sold by Chinese developers has surged since 2015, NUS Institute of Real Estate and Urban Studies’ Sing Tien Foo and Chia Liu Ee say. After the cooling measures slapped on in July 2018, many have wondered whether Singapore property remains a good investment bet. To be sure, the measures targeted speculators and hot foreign money, and...

Some developers are dangling fatter commissions to incentivise property agents to help clear inventory. A check with property agents suggested that commissions in some cases could rise to 3-4 per cent, or more. Developers may also wheel out incentives or a cash bonus when it comes to units that are harder to sell, such as ground-floor units or units with a less-attractive facing, as agents need to work...

CITY Developments Limited (CDL) acquired the remaining 62.5 per cent stake from the investors of Profit Participation Securities (PPS) 1 structure for S$393 million, giving it full control of W Singapore-Sentosa Cove and Quayside Isle as it seeks to ride on the government's plans to reshape Sentosa. At an earnings briefing on Thursday morning, group chief executive officer Sherman Kwek said that the...

Despite a Boon Keng five-roomer selling for a record sum, HDB resale prices remained relatively stable last month, new figures show. The 39th-floor unit at City View @ Boon Keng went for S$1,205,000 - S$5,000 more than the previous record for a HDB resale set by a five-room flat in Boon Tiong Road, Tiong Bahru, in April. It was the second time this year that a City View unit has claimed the record...

Demand for older HDB flats in Singapore spiked in the second quarter this year, following policy updates in May which may have given a “new lease of life” to the overall HDB resale market, OrangeTee & Tie said on Tuesday in its latest quarterly report on HDB trends. Some 564 HDB flats that were 40 years old and above were sold in May-June this year, a 40 per cent surge from 403 units in the year-ago...

A mansion sitting on a sprawling plot of land in Singapore has been sold for a record S$230 million, the latest in a string of eye-catching property deals in the country. The home on Nassim Road was sold by Winright Investment, whose listed shareholders are tycoon Cheng Wai Keung - chairman of developer Wing Tai Holdings, and his wife, according to business and property records reviewed by...

Investors in Singapore's much-loved real estate investment trusts (Reits) may soon have another reason to cheer, as the central bank considers looser debt rules that could spur more acquisitions by property managers. The Monetary Authority of Singapore ended a one-month consultation period on Thursday that looked into increasing the amount of debt that Reits can take on to 50 per cent from 45 per cent...

Flexible space operator JustCo is set to lease a 16-storey building in Seoul's Gangnam business district for its largest location, raising its bets on growing demand for co-working space, while eyeing new markets like Japan, Vietnam and India. Co-working spaces have become popular among startups due to their flexibility of short-term leases in well-decorated spaces in prime locations and keep costs low....

Not many 24-year-old university students live in a S$1.2 million penthouse, kitted out with a Herman Miller Aeron office chair and Lelit espresso machine. Especially not in Singapore, one of the world's most expensive property markets. Shawn, whose loft-style apartment in Singapore's leafy central Bukit Timah region was paid for entirely by his mother, is one of a lucky few. But his ranks are growing as...

Space@Tampines, a joint development by mainboard-listed Oxley Holdings and Lian Beng Group, has been launched for sale via an expression of interest exercise with a guide price ranging from S$170 million to S$190 million, marketing agent CBRE said on Tuesday. Located at 18 Tampines Industrial Crescent, the seven-storey e-commerce and logistics development comprises 24 showroom units, a food court on...