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,...

Three hotels with 839 rooms in all will open on Sentosa from April next year, operator Far East Hospitality announced on Thursday (Oct 18). Two, Village Sentosa and The Outpost Hotel, will open in April 2019 while The Barracks hotel is set to open in August. The hotels, first announced last year, will target the mid-tier segment, such as families and young adults on staycation as well as business...

The average size of new private flats outside the central area will have to be at least 85 sq m, a regulatory change that will cut the number of units allowed in a project - something that developers say would sound the death knell for en bloc deals and moderate condo and land prices in the affected areas. The Urban Redevelopment Authority (URA) also further announced on Wednesday that nine areas in...

Major property stocks fell sharply on trade on Thursday on the government’s latest move to cut the maximum number of units allowed in new private flat and condo developments outside the central area from early next year. The authorities are cutting the number of units allowed in a project and increasing the average size of new private flats outside the central area to at least 85 square metres, up...