The Housing & Development Board (HDB) will launch about 17,000 new flats for sale to Singaporeans in 2017, about 5 per cent fewer than the 17,900 build-to-order (BTO) flats launched in 2016. National Development Minister Lawrence Wong said in his blog post on Wednesday: "We are gradually tapering supply but still ensuring a healthy pipeline to meet demand. Once again, we will offer a good spread across...
SINGAPORE residential sales clocked by developers in November were stronger than a year ago but weaker compared to October, according to statistics released by the Urban Redevelopment Authority (URA) on Friday. Last month, developers sold 860 private residential units, 31.4 per cent lower than October, but 13.3 per cent higher than a year ago. Including executive condominiums (ECs), they sold a...
THE Core Central Region (CCR) looks set to be the outperformer again this year for resale prices of private apartments and condos. Based on flash estimates for November 2016 released by SRX Property on Tuesday, its price index for resale transactions of non-landed private homes in CCR is up 1.8 per cent from December last year. In contrast, over the same period, SRX's price indices eased 0.6 per cent...
SINGAPORE'S Housing & Development Board (HDB) will launch about 17,000 new flats for sale to Singaporeans in 2017, about 5.6 per cent fewer than the 18,000 build-to-order (BTO) flats launched in 2016. National Development Minister Lawrence Wong said in his blog post on Wednesday: "We are gradually tapering supply but still ensuring a healthy pipeline to meet demand. Once again, we will offer a good...
THE residential leasing market remained soft last month, with both private home rents and HDB flat rents continuing their downward drift. Private rents slipped 0.8 per cent in November from a month ago, according to flash estimates by SRX Property. HDB flat rents fell 0.9 per cent during the same period. The rental drag in the private segment came from all regions, with the prime or Core Central...
THE managers of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Reit) are proposing to acquire a light industrial property on 107 Eunos Avenue 3 for S$34.5 million. There is 24 years left on the lease of the property, a newly completed building between Paya Lebar and Eunos MRT stations. The vendor, General Cars Fleet Management, will also provide income support for five years if...
FIVE office floors in Suntec Tower One are changing hands for a total sum of S$129.3 million, which works out to S$2,400 per square foot on strata area of 53,863 sq ft, based on caveats data. The five floors - Levels 24, 25, 34, 35 and 36 - are being sold by BASF South East Asia, a part of German chemicals giant BASF, which currently occupies the space. The floors are being bought by companies which...
The total value of big-ticket retail properties that have changed hands so far this quarter has surged to S$731.3 million, up 22.4 per cent from S$597.4 million in the preceding quarter and more than double the S$320.3 million in Q4 last year. This tally as at Dec 8, compiled by Savills Singapore, was based on deals of at least S$10 million originating from the private sector. Perennial Real Estate...
RESALE prices of non-landed private homes in Singapore rose 0.3 per cent in November 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This contrasts with a 0.7 per cent month-on-month decline in the index for October 2016. Last month's increase in the index came on the back of price gains of 0.5 per cent in the Core Central Region (CCR) and 0.4...
Real estate developers and financial investors are capitalising on fast-rising demand for leasing of "co-working" spaces in China, as Beijing encourages startups and small businesses in a bid to offset slowing growth at traditional industries. Developers, including China Vanke, Soho China and Singapore's CapitaLand, are renting out property space that hordes of self-employed persons or small-sized...