Resale volume of non-landed private homes in Singapore rose 0.4 per cent to about 1,286 units resold in September 2020, from 1,281 units resold in August 2020. Volumes were up 62.8 per cent from September 2019 and 64.5 per cent higher than the five-year average volumes for the month of September. Overall prices meanwhile, edged up 0.1 per cent month on month and year on year. By region, resale...

The relief periods under Part 2 of Singapore's Covid-19 (Temporary Measures) Act will be extended by one to five months, depending on the category of the contract. Part 2 provides temporary relief from certain legal and enforcement actions. If they are unable to perform their contractual obligations, parties in seven categories of contracts can get temporary relief when they serve a notification for...

There will be more temporary relief measures for property developers whose construction schedules have been affected by the Covid-19 crisis. The Government said on Thursday (Oct 8) that developers have six more months to complete residential, commercial and industrial development projects, for instance, and the added measures will take effect immediately. A first round of measures was announced in...

The buzz may be returning to Singapore's real estate investment sales market, with interest and activity recovering in the commercial sector in particular during the July-September quarter, compared with preceding quarters. That being said, overall, investment sales - defined as transactions totalling S$10 million and more - in the city-state was still down 55.1 per cent year on year to about S$4.4...

The iconic Golden Mile Complex building, with its terraced facade facing Nicoll Highway, is being proposed for conservation because of its historical and architectural significance, the Urban Redevelopment Authority (URA) said on Friday. The decision, taken after a two-year-study, starts the process to have it gazetted as a conserved building. But to help ensure the move will not inhibit a future...

Even as Singapore is experiencing its worst economic downturn, eight government-built flats still sold for above S$1 million in the resale market in September. A report by real estate portal SRX on Thursday (Oct 8) showed that this includes one five-room Housing and Development Board (HDB) flat at The Pinnacle@Duxton in Tanjong Pagar, which sold for S$1.258 million. It is believed to be a record...

Prices of Housing Board (HDB) resale flats increased for the third consecutive month in September, with demand remaining elevated after the nearly two-month-long circuit breaker period. HDB resale prices rose by 0.8 per cent in September compared with August, and was 3.1 per cent higher than the previous year. However, they are still 11.4 per cent lower than their peak in April 2013. In all, 2,489...

A Good Class Bungalow (GCB) within the Caldecott Hill Estate has been put on the market via an expression of interest (EOI) exercise. Exclusive marketing agent SRI told The Business Times (BT) that the indicative price stands at S$27 million. This is a trustee sale - a tender on behalf of the trustees of the estate. Located at 204 Lornie Road in District 11, the freehold property sits on a land area...

A freehold residential redevelopment site at 1C Evelyn Road in District 11 is up for sale via expression of interest with a guide price of S$20 million, sole marketing agent JLL said on Wednesday. This translates to about S$1,467 per square foot (sq ft) per plot ratio based on a 9,873 sq ft site with a gross plot ratio of 2.8, inclusive of development charge. The land plot is zoned for residential...

A freehold strata-titled storage facility at 50 Tagore Lane has been put on the market via expression of interest with an indicative price of S$100 million, marketing agent Cushman & Wakefield said on Wednesday. The property comprises individual units with separate strata titles. It is being offered for sale together with an opportunity to buy the self-storage business of the seller, EBC Lifestyle...