THE real estate market across all sectors in Singapore is in a correction phase, and "in a quirky way", the job of brokerages has become more important during the transitions. This is the time when clients - whether they are in office, retail, or industrial - will require even more of the support and advice of brokerages, CBRE managing director, brokerage (Singapore) Moray Armstrong said. Leasing...

New private home sales slumped 49 per cent last month from the previous month in the absence of fresh project launches during the traditionally lull year-end period, with property analysts projecting that sales will pick up in the months ahead, especially with prices expected to fall further. Developers here sold 384 private residential units last month, data from the Urban Redevelopment Authority (URA)...

After nearly a decade of lingering at low levels, interest rates have been on the rise for the past year, and economists had forecast continuing increases. Over the past several weeks, however, rates have belied those expectations and flattened or even declined. Since interest rates have a large impact on almost everyone’s pocketbook, it is timely to look at how to manage the impact of those rate...

After waiting more than one year for an opportune time to purchase a condominium to house his family of three, Mr Amrit took the plunge in early 2015 after coming across a resale unit in his choice location with a “reasonable” price tag. He had always intended to upgrade to a private home, and when prices for Housing and Development Board (HDB) flats started falling in 2013, he decided to cash out...

Singapore's first co-working space equipped with child-minding facilities officially opened on Wednesday (Feb 17). Trehaus, which is located on Orchard Road, aims to give working parents a chance to meet like-minded people and grow their business network, while staying close to their children. Here, parents conduct their business at the Workspace and have the option of dropping their kids off at the...

With developers facing potential charges for unsold private residential units that could amount to S$100 million, the Real Estate Developers’ Association of Singapore (REDAS) renewed its call on Thursday (Feb 18) for the Government to review the property cooling measures. “The real estate market is reeling from the compounding effects of an oversupply situation, rising vacancy rates, weak demand and...

Sales of private homes fell 16 per cent in January from the previous month as developers scaled back property launches. Excluding executive condominiums (ECs), developers sold 322 new units last month, down from the 384 units sold in December, data from the Urban Redevelopment Authority showed on Monday (Feb 15). Including ECs, 478 new units were sold last month, down from 508 units. The fall in...

CapitaLand, one of South-East Asia's largest property developers, said on Wednesday (Feb 17) its profit for the fourth quarter fell nearly 40 per cent from a year ago, hurt in part by the absence of gains recorded last year from the sale of an office tower. The group's profit after tax and minority interests for the quarter fell 39.5 per cent to S$247.7 million from S$409.4 million. Operating profit was...

Rental prices for Housing and Development Board (HDB) flats climbed slightly by 0.7 per cent from the previous month in December, while rents for private apartments went up 0.2 per cent, according to a local property index. Year-on-year, rental prices for HDB flats in January fell 3.1 per cent, and were down 8 per cent compared to its peak in August 2013, flash estimates from SRX Property, released on...

At least four properties in Good-Class Bungalow (GCB) areas have been transacted so far this year. Among the latest is a bungalow along Peirce Road that has changed hands for almost S$24 million. The price works out to S$1,479 per square foot (psf) based on the freehold land area of 16,224 square feet. Located in the Ridout Park GCB area, the two-storey property is understood to have been bought by...