DEVELOPERS in Singapore sold 381 private homes in January 2017, up from the 367 private homes in December 2016 and 324 units in January 2016. These figures exclude executive condominiums (ECs). Including ECs, which are a public-private housing hybrid, developers found buyers for 565 units in January 2017, down from the 580 units in December 2016 but higher than the 480 units in January 2016. The...
Home and room-renting site Airbnb said it is "committed to working with the Government to adopt a model of home-sharing that works for Singapore" even as laws prohibit private property owners from renting out their homes for less than six months. On Monday (Feb 6), National Development Minister Lawrence Wong said in Parliament that the Government is considering creating a new class of homes where...
A total of 4,056 Build-To-Order (BTO) flats were launched in Punggol, Clementi and Tampines on Tuesday (Feb 14), the Housing and Development Board (HDB) announced. This is the first tranche of 17,000 flats to be launched in 2017, it said. Flats offered in this BTO launch range from 2-room Flexi to Three-Generation (3Gen) flats. The price range for these flats range from S$81,000 for a 2-room Flexi...
Prevailing market conditions may affect prices of new HDB units offered under the Sale of Balance Flats (SBF) exercises, said National Development Minister Lawrence Wong in Parliament on Tuesday (Feb 7). He was responding to a question by Workers' Party chief Low Thia Khiang on the pricing mechanism of units under Build-To-Order (BTO) and SBF exercises and why prices could differ for the same flat in...
The use of private property for accommodation of less than six months was legislated as illegal in Singapore on Monday (Feb 6), making it unlawful for owners to rent out their homes via online homestay networks such as Airbnb and Roomorama. Such short-term rentals of private property were already prohibited under guidelines by the Urban Redevelopment Authority (URA) and those who flout the rules face up...
The Red Dot Traffic Building, known for its eye-catching red hue, will be restored to its original off-white colour as part of a S$25 million restoration plan, the Ministry of Law announced on Friday (Feb 3). Built in 1928, the iconic building at 28 Maxwell Street used to house the former Singapore Traffic Police Headquarters, and was given conservation status by the Urban Redevelopment Authority in...
THE Housing & Development Board (HDB) on Tuesday launched 4,056 flats for sale under the February 2017 Build-To-Order (BTO) exercise. The flats being offered in the first tranche for 2017 span across six projects in the non-mature town of Punggol, and the mature towns of Clementi and Tampines.They range from two-room Flexi to three-generation (3Gen) flats. A project in Woodlands, originally planned...
THE Prospex, a nine-storey retail and office building next to Bugis+, is back on the market, this time with an indicative guide price "in excess of S$70 million". This appears to be lower than the S$80 million asking price when the building was previously put up for sale on an en bloc basis through an expression of interest (EOI) exercise that closed in October 2015. The big difference this time...
THE first month of 2017 saw a continued momentum in the high-end residential property segment, with resale prices in the Core Central Region (CCR) making a 1.9 per cent rise from a month ago and 2.7 per cent increase from a year ago, based on SRX Property estimates. This helped to lift SRX Property's overall resale index for the private residential market by 1.1 per cent month on month in January...
THE Real Estate Developers' Association of Singapore (Redas) is urging the government to review property tax for vacant private land, and exempt property tax for land under or slated for development or buildings undergoing renovations. Among other key suggestions, it is asking the government to offer more transparency in valuation when it comes to computing development charges to top up lease tenures as...