SP Setia sold 50 of the 80 apartments launched at Daintree Residence over the weekend, in the private property market's first new launch since the latest cooling measures kicked in earlier this month. The first phase of the 327-unit Daintree's launch achieved an average selling price of $1,710 per sq ft (psf), according to the developer, with two-bedders making up the bulk of apartments sold, followed...

Prices of completed non-landed private homes climbed at a slower pace in June, appreciating 0.7 per cent month-on-month, according to the National University of Singapore's (NUS) flash estimates for its Singapore Residential Price Index (SRPI). In May, prices rose 1.6 per cent, up slightly from the preliminary estimate of 1.5 per cent. The slower pace of increase applied to most segments of the...

Private home prices rose 3.4 per cent in the second quarter of this year, according to the latest figures from the Urban Redevelopment Authority (URA) on Friday (Jul 27). This continues a rising trend in the last three consecutive quarters, with prices rising 3.9 per cent in the first quarter of this year, 0.8 per cent in the preceding quarter and 0.7 per cent in the third quarter of last year. For...

About 4,300 new flats in Punggol and Yishun will be offered for sale next month, the Housing and Development Board (HDB) said in its release of public housing data for the second quarter. In addition to the Build-to-Order (BTO) launch, a Re-Offer of Balance Flats sales exercise will also be held at the same time, HDB said on Friday (Jul 27). Resale prices for flats inched up 0.1 per cent in the...

The number of unsold private residential units reached a three-year high in the second quarter, based on data released by the Urban Redevelopment Authority (URA) on Friday (July 27). Property analysts said that while there is a risk of oversupply, the situation is not alarming over the longer term as developers are expected to reduce supply following the recent cooling measures. This is despite the...

Crowne Plaza Surfers Paradise in Australia has been put on the market by its owners - a Singaporean family - for more than A$100 million, said marketing agent CBRE Hotels. Standing on a 1.2-hectare site, the resort complex comprises the 269-room Crowne Plaza Hotel currently operated by IHG, management rights for the 104-room Gold Tower, retail space, a tavern, 15 function venues and multiple food and...

Tee Land has decided not to exercise its option to purchase Teck Guan Ville in what was originally a S$60 million collective sale due to the latest round of cooling measures. Tee Land will forfeit its 1 per cent deposit. The company cited the "impact on market sentiment and purchasers' interest" following the government's announcement on July 5. Tee Land "has decided to adopt a more prudent and...

In light of property cooling measures, Katong Plaza and Fortune Park are the latest collective sale hopefuls to extend their tender closing dates to Sept 11 and Sept 14 respectively. Huttons Asia, the property consultant for both freehold projects, announced the extensions on Thursday. Huttons Asia said that the decision was made in consultation with each collective sale committee. Said Huttons Asia...

Same facts, different interpretations. This axiom is starkly exemplified by the strong reactions of the property industry to the latest housing cooling measures that took effect on July 6. The Real Estate Developers' Association of Singapore (Redas) has insisted that there is no rationale for the tough measures, which included raising the additional buyer's stamp duty (ABSD) for most categories...

Ascendas Reit has entered into a share purchase agreement with two third-party vendors, Oxenwood Catalina Midco Limited and Oxenwood Catalina II Midco, to acquire 10 companies for £207.27 million (S$373.15 million). The companies own the 12 logistics properties which have a total land area of about 549,201 square metres and are sited on freehold and 999-year leasehold land. A valuation report by...