General

HDB has put an executive condominium (EC) site at Canberra Link in Sembawang up for sale by public tender, it announced said on Thursday. The 99-year leasehold site is the only EC parcel of five confirmed list sites under the first half-2019 government land sales (GLS) programme. On the first half-2019 reserve list, there is one EC site at Fernvale Lane that can yield 525 units. Reserve list sites are...

Frasers Centrepoint Trust (FCT) is looking to acquire a one third interest in Waterway Point, a large suburban mall located in Punggol, from its sponser Frasers Property in a S$440.6 million deal, it announced on Thursday. At the same time, FCT is launching an equity fund raising exercise, S$245.3 million of whose total proceeds will go towards partly financing the acquisition. The acquisition of...

Sales of private homes by developers fell 30.2 per cent in April from the previous month, following a sharp drop in the number of units launched. Excluding executive condominiums, developers in Singapore sold 735 units last month compared to the 1,054 units sold in March, according to data released by the Urban Redevelopment Authority (URA) on Wednesday (May 15). The number of units launched fell...

Central Provident Fund (CPF) members will continue to earn interest at 2.5 per cent per annum on their Ordinary Account (OA) and at 4 per cent per annum on their Special and Medisave accounts (SMA) between Jul 1 and Sep 30. The concessionary interest rate for Housing and Development Board (HDB) mortgage loans - pegged at 0.1 per cent above the OA interest rate - will remain unchanged at 2.6 per cent per...

JustCo has expanded to Taipei, securing three new co-working centres in the city. The centres are located at the Xinyi, Songshan and Zhongshan financial districts, and brings the company's portfolio to 32 centres across eight cities. The expansion follows JustCo's announcement in January that it is entering South Korea and Australia, with the opening of six co-working spaces in Melbourne, Sydney and...

Property developer CapitaLand has unveiled its design for One Pearl Bank, a development that will take the place of Pearl Bank Apartments, which it bought for S$728 million. The new development comprises two curved 39-storey towers linked at the roof by sky bridges, CapitaLand said on Tuesday (May 14) in its news release. The building will also feature a vertical sky allotment garden for urban farming....

Resale prices for non-landed private residential units rose 0.9 per cent in April 2019, for a third straight month-on-month rise, according to SRX flash estimates on Tuesday. For the first four months of the year, non-landed resale prices are up about 2 per cent, according to data from the real estate portal. Year on year, resale prices are up 3.6 per cent, with the core central region, rest of...

CEL Development, the property development division of Chip Eng Seng Corporation, on Monday unveiled Parc Komo, a freehold mixed development in Changi inspired by the Japanese concept Komorebi, which celebrates the blend between nature and order. This latest development by CEL has an average price of about S$1,450 per square foot (psf) and occupies a land area of about 202,000 square feet (sq ft). The...

Rules for buying homes using Central Provident Fund (CPF) money and HDB housing loans will be updated on Friday (May 10) – a move “in the right direction” that will give home buyers here more flexibility, some industry watchers said. The new rules could also sway demand for ageing homes, they added. READ MORE: New rules on buying properties using CPF, HDB housing loans Citing changing needs...

The volume of Housing Board (HDB) resale flats changing hands rose by 16.5 per cent in April from the previous month, while prices eased slightly. According to flash estimates from real estate portal SRX Property on Thursday (May 9), 1,931 resale flats were sold in April, up from 1,657 transactions in March. Last month's volume also marked a 4.3 per cent increase when compared with April last...