Private property prices in Singapore rose 2.1 per cent in the fourth quarter of 2020 from the previous quarter, according to flash estimates by the Urban Redevelopment Authority (URA) on Monday (Jan 4). This compares with a 0.8 per cent increase in the previous quarter, said URA. For the whole of 2020, private home prices rose by 2.2 per cent, compared with the 2.7 per cent increase in 2019. Ms...

Resale prices in the public housing market climbed 4.8 per cent in 2020, an increase from the 0.1 per cent rise in 2019, according to flash estimates released by the Housing and Development Board (HDB) on Monday (Jan 4). According to the flash estimates, prices in the fourth quarter of 2020 rose 2.9 per cent over that in the previous quarter. Prices in the third quarter of 2020 increased by 1.5 per...

The Urban Redevelopment Authority (URA) is offering the owners of Midpoint Orchard, Orchard OG and Faber House sweeteners to spur them to redevelop as part of Singapore’s plan to rejuvenate its most famous shopping belt. Observers said that this could be a way to negotiate the tricky situation surrounding Midpoint Orchard – a strata-titled building which, The Straits Times understands, has about 60...

Despite a pandemic and an economic recession, it has been a surprising year for the property market. Property buyers began snapping up new homes as soon as the circuit breaker eased and they could visit showrooms again, contributing to a seesawing of private home sale numbers in the final months of the year as government regulations kicked in to cool the market. In June, the same month that Singapore...

The muted collective sales market could see a revival in the second half of next year, as developers turn to the private residential scene to feed a growing appetite for land, according to property analysts. This comes as the property market has remained resilient in the face of the COVID-19 pandemic and consequent economic uncertainty, said analysts. Just two en bloc deals totalling S$77.2 million...

The site of the former Caldecott Broadcast Centre at Andrew Road has been sold for S$280.9 million, real estate consultants CBRE and Showsuite Consultancy said in a joint press release on Tuesday (Dec 15). The 752,015 sq ft site was sold to PRE 10, an entity which will be jointly owned by Perennial Real Estate Holdings and its chairman, Mr Kuok Khoon Hong. Caldecott Broadcast Centre served as Mediacorp's...

New private home sales in Singapore rose by 18.9 per cent in November, reversing a decline seen in October, on the back of new project launches by developers. Private developers sold 767 units, excluding executive condominiums (ECs), in November, data from the Urban Redevelopment Authority (URA) showed on Tuesday (Dec 15). This figure is 18.9 per cent higher than October's 645 units, but a 34.2 per...

Future Build-to-Order flats in prime locations may be further subsidised so that they remain affordable, but they may also face some restrictions on resale conditions, said National Development Minister Desmond Lee on Friday (11 Dec). In a Facebook post, Mr Lee said that a new housing model is necessary for public housing in "new areas with very prime attributes", as they will be "a lot more expensive"...

The Lilium The Lilium is a new freehold launch by SingHaiyi Group. It’s a private condominium at 25 How Sun Road that breaks up the rows of landed properties in the area.Standing on 54,000+ square feet plot that previously housed How Sun Park, The Lilium is rehabilitating 20 townhouses to three-storey developments. It will have 80 exclusive apartments within the mature estate of...

A new type of public housing with senior-friendly design features and subscription to care services will be launched for sale in February’s Build-to-Order (BTO) exercise, authorities announced on Thursday (Dec 10). The flats, known as Community Care Apartments, are for home buyers aged 65 and above. To be located at Bukit Batok West Avenue 9, buyers will have the flexibility to choose a lease...