The Government released on Thursday (Dec 3) the Government Land Sales (GLS) programme for the first half of 2021, with sites capable of yielding about 7,045 private residential units, 101,200 sq m of gross floor area of commercial space and 1,070 hotel rooms available. Four sites in this GLS programme are new: Two parcels at Slim Barracks Rise in one-north are on the Confirmed List, while one at Jalan...

New private home sales in Singapore plunged more than 50 per cent in October amid a dearth of fresh projects and restrictions on the reissue of options to purchase (OTP). Private developers sold 642 units, excluding executive condominiums (ECs), in October, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). This is down 51.7 per cent from September's more than two-year high...

Home buyers who have signed an option to purchase or a sale and purchase agreement with a developer but are facing financial difficulties will have more time to make payment, as the relief period for such contracts has been extended to March 31, 2021. The Ministry of Law said on Monday (Nov 16) that it is further extending the relief periods for three types of contracts, under the Covid-19 (Temporary...

New private home sales in Singapore plunged more than 50 per cent in October amid a dearth of fresh projects and restrictions on the reissue of options to purchase (OTP). Private developers sold 642 units, excluding executive condominiums (ECs), in October, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). This is down 51.7 per cent from September's more-than-two-year high...

Siglap Shopping Centre will be put up for collective sale by public tender on Tuesday (Oct 27), with the reserve price for the freehold mixed-use site on East Coast Road set at S$120 million, marketing agent OrangeTee Advisory said on Monday. Completed in around 1980, the three-storey development at 883 to 903A East Coast Road is made up of eight residential units and eight commercial units sitting on...

Private home prices in Singapore in the third quarter rose 0.8 per cent from the previous quarter, while demand surged for both new developer units and resale properties, in what analysts said is a sign that consumer confidence is "steadily returning" amid the COVID-19 pandemic. The private residential property price index increased to 153.8 points in the third quarter, up from 152.6 points in the first...

The number of Housing and Development Board (HDB) flats sold in the resale market in the third quarter rose by 127.3 per cent after the lifting of Singapore's "circuit breaker" in June. Official figures released on Friday (Oct 23) showed that 7,787 flats were sold from July to September this year, rising from the 3,426 sold in the second quarter. On a year-on-year basis, the number of resale...

Private developers sold 1,329 new homes excluding executive condominiums in September, marking the highest monthly sale in more than two years. Last month's private home sales volume is the highest since July 2018, when 1,724 units were sold when sales surged as buyers tried to avoid new cooling measures. Data released by the Urban Redevelopment Authority (URA) on Thursday (Oct 15) also showed that...

The site that formerly housed the Caldecott Broadcast Centre at Andrew Road has been offered for sale by vendor Mediacorp, Singapore’s national media network. The hilltop site spans 752,015 sq ft and served as the hub for broadcast for more than six decades until 2015 when Mediacorp moved to its current location in Mediapolis. Real estate consultants – CBRE and Showsuite Consultancy – have been...

Market values of new Build-to-Order (BTO) flats are determined by prices of comparable resale flats nearby, individual attributes of the flat and prevailing market conditions, said National Development Minister Desmond Lee in Parliament on Wednesday (Oct 14). Thereafter, a subsidy is applied to ensure that flats are priced at a “significant discount” to the market, he said, adding that the approach...