Co-working outfit JustCo will move into the entire second floor of Fraser Property's China Square Central complex, once the building's current asset enhancement initiative is completed. JustCo aims to open its latest space in the fourth quarter of 2019, adding to its current portfolio of 13 centres in Singapore. Its Marina Square and MacDonald House offices were opened earlier this year. "Demand...
General
Private residential prices in Singapore grew by 0.5 per cent in the third quarter, as growth slowed in the wake of the recent property cooling measures which kicked in from July. The 0.5 per cent figure - which was in line with earlier flash estimates - comes after an increase of 3.4 per cent in the previous quarter, according to the latest report from the Urban Redevelopment Authority (URA). Prices...
The Woodleigh Residences, a new integrated development in Bidadari Estate, was unveiled on Friday and the public can get a preview of its condominium units at a soft launch this weekend (Oct 27 - 28). Members of the public may view showroom flats and express their intention to purchase at the soft launch. The project comprises 667 two-, three- and four-bedroom units. Prices will start at S$1,873 per...
The number of HDB resale flats sold rose by 18.9 per cent in the third quarter of 2018 as prices dipped slightly, according to figures released by HDB on Friday. There were 7,063 resale flat transactions in the third quarter, up from 5,941 in the second quarter. A 21.6 per cent increase, compared with the same period in 2017. Meanwhile, the resale price index went down by 0.1 per cent, from 131.7 in...
Prices and rentals of industrial space remained relatively stable in the third quarter of this year as industrial prices edged up 0.1 per cent from the previous quarter, while industrial rents slipped 0.1 per cent, JTC's latest report showed. Compared to a year ago, prices of industrial space softened 1.1 per cent, while rents dipped 0.4 per cent. Meanwhile, occupancy rates climbed 0.4 percentage...
Property cooling measures announced in July have dampened sentiment towards the Singapore property market, according to the latest quarterly Real Estate Sentiment Index (RESI), which assesses perceptions and expectations of real estate development and market conditions in Singapore. The composite index - comprising a Current Sentiment Index and a Future Sentiment Index - fell sharply to 4.0 in the third...
The Housing Development Board (HDB) incurred a net deficit of S$1.7 billion in the financial year 2017/18 as compared with S$1.2 billion in the previous year. According to its annual report released on Monday (Oct 22), HDB recorded a deficit of S$2.4 billion from "Housing Activities", offset by a surplus of S$749 million from "Other Activities", making it a net deficit of S$1.7 billion before government...
The Spanish Village condominium in Farrer Road has been put up for collective sale for the second time in recent months, with no change to its $882 million guide price. The 226-unit freehold property in affluent District 10 made its first attempt to sell en bloc in June but had no takers. Mr Tan Chun Ming, senior director of investment advisory at market agent Edmund Tie & Company, said the site has...
Developer City Developments Limited (CDL) will commence previews this weekend for the 716-unit Whistler Grand (御峰) – the latest residential launch in West Coast. Located along West Coast Vale, the new premium residential development enjoys excellent connectivity to Jurong Lake District, touted as Singapore’s second Central Business District (CBD). It has convenient access to four MRT stations:...
Is the Urban Redevelopment Authority's Wednesday announcement to raise the minimum average unit size for non-landed housing developments Outside the Central Area (OCA) - the second part to the July 6 property cooling measures? At a glance, the answer would be "no". The revised guidelines cutting the maximum number of units allowed in a project was released through a circular, along with two others,...