The resale volume of Housing and Development Board (HDB) flats shrank in November after rising 16 per cent in October, SRX Property said on Thursday (Dec 3). A total of 1,467 HDB resale flats were sold last month, down from the 1,745 transacted units in October. However, on a year-on-year basis, resale volume was up 8.7 per cent. Resale prices climbed 0.4 per cent in November. Prices of four- and...
BHG Retail Trust Management has launched an initial public offering (IPO) of units in BHG Retail REIT (real estate investment trust) at an offering price of S$0.80 per unit, announced the China-based group in a press release on Wednesday (Dec 2). This will make it the first listing on the mainboard of the Singapore Exchange (SGX) this year. The final prospectus of the IPO was filed with the Monetary...
Estate rejuvenation could be a focus area for the Housing and Development Board (HDB) going forward. Having largely fulfilled first-timer demand for flats, HDB has already started tapering new supply of Build-To-Order (BTO) flats. Experts have said this could also free up resources to commit to maintaining and upgrading older estates. HDB currently has 26 towns and housing estates, some which are...
Singapore’s Deputy Prime Minister Tharman Shanmugaratnam has suggested the the country’s experience with fully-integrated public housing can help other nations that are struggling to achieve equality and inclusivity. He was speaking in Washington on Monday (Nov 30) at a specially-convened symposium that comes at the end of a year of racial and ethnic tensions in several key American...
Online content creators will have a new space, called Creators' Space, to learn, experiment, collaborate and hone their skills. The space is located at PIXEL in one-north, said Communications and Information Minister Yaacob Ibrahim on Wednesday (Dec 2). Announced at the launch of the Singapore Media Festival and the opening of the Asia TV Forum and Market, Dr Yaacob said Creators' Space will offer...
From the reclamation of land along Singapore’s coasts to more obscure developments such as the relocation of Oldham Lane - the changing face of the nation’s cityscape has now been captured by a new app. The One Historical Map app enables users to view five different maps dating as far back as 1966, and includes a function that would allow side-by-side comparisons of the different map...
Local developer Ho Bee Land on Tuesday (Dec 1) said it will buy its sixth office property in London for £99 million (S$210 million), continuing its expansion in the UK. Called Apollo House and Lunar House, the property in Croydon, London comprises one 20-storey office building and one 22-storey building with a total 441,797 square feet of office space. The site is designated in the London Borough of...
The decline in private home prices has been measured and points to the market settling at sustainable levels over time, the Monetary Authority of Singapore (MAS) said today (Nov 27), in yet another indication of the Government’s intention to keep property curbs in place. Private home prices have fallen 8 per cent in the third quarter this year from its peak in the third quarter of 2013, but the...
Resale prices of private homes continued its slow growth last month, according to the Singapore Residential Price Index (SRPI) estimates, which were released on Monday (Nov 30). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices increased 0.1 per cent month-on-month in October, building on the 0.3 per cent growth in September. Prices...
Most home owners here will pay less property tax next year compared to the amount paid this year, said the Inland Revenue Authority of Singapore (IRAS) on Monday (Nov 30). Owners of Housing and Development Board (HDB) flats will see tax savings of 9 to 24 per cent, while more than 80 per cent of private home owners with reduced annual values will see savings of between 3 and 20 per cent, IRAS said in a...