Victoria Park Villas

Victoria Park Villas is a prestigious collection of semi-detached and bungalows featuring brand new modern contemporary architecture with private lifts, basements and attics. This collection consist of 109 homes and is situated on a 403,000 sqft land located in the prime residential district at the junction of Coronation Road and Victoria Park Road, within an upscale Good Class Bungalow area...

Margaret Ville

Margaret Ville, a boutique development is set to become the new icon of Queenstown for generations to come. A limited collection of 309 premium consists of one-bedroom to four-bedroom apartments fitted with top-notch furnishings, smart home solution and smart storage spaces which is only unique to Margaret Ville. With its unparalleled location, residents enjoy the luxury of both...

HDB to launch 7,800 BTO flats in August sales exercise, services and construction activities to resume

The Housing and Development Board (HDB) will offer about 7,800 flats in its Build-To-Order (BTO) August 2020 sales exercise, it said in a press release on Friday (May 29), as Singapore readied itself to exit the COVID-19 "circuit breaker" period. The BTO exercise originally scheduled for launch in May will be combined with the August exercise. HDB added it would also be gradually resuming its...

URA launches tender for Tanah Merah Kechil Link site

A land parcel at Tanah Merah Kechil Link, slated for residential with commercial use on the first storey, is now up for sale by public tender. The Urban Redevelopment Authority (URA) launched the tender on Thursday, under the confirmed list of the first half 2020 government land sales (GLS) programme. The site can potentially yield about 265 residential units and has a lease period of 99 years. It...

Singapore new private home sales plunge 58% in April amid COVID-19 circuit breaker

Sales of new private homes last month plunged 58 per cent from March as a result of "circuit breaker" restrictions, with analysts expecting the property market to remain muted in May. Data released by the Urban Redevelopment Authority (URA) on Friday (May 15) showed developers sold 277 units - excluding executive condominiums (EC) - last month, compared with 660 units sold in March. Including ECs,...

COVID-19: Legal relief for those who buy homes from developers

Property buyers who entered into agreements to purchase homes from developers can now apply for temporary legal protection should they face difficulties making payments because of the COVID-19 pandemic. The move is an extension of the COVID-19 (Temporary Measures) Bill passed last month, which provides temporary relief from certain legal action for non-residential leases, construction or supply...

Singapore’s April condo resale volume falls 57.3% amid ‘circuit-breaker’ period: SRX

Resale volume for condominiums in Singapore tumbled 57.3 per cent in April to 309 units resold, compared with 723 units in March, according to flash estimates from real estate portal SRX Property released on Tuesday. Year on year, resale volume was 62.2 per cent lower and 66.8 per cent lower than the five-year average volumes for the month of April. The outside central region (OCR) accounted for the...

IKEA’s first small-store concept in Southeast Asia to open at Jem in 2021

Home furnishing store IKEA announced on Monday (May 11) that it’s opening a new small-store concept – the first of its kind in Southeast Asia – at Jem in 2021. This will make it the third IKEA store in Singapore, with the other two at Tampines and Alexandra. At 6,500 sq m, the new small-store concept will span three floors in the shopping mall. A spokesperson from Landlease, the mall's...

Alibaba to buy 50% stake in AXA Tower

Chinese e-commerce giant Alibaba Group has agreed to buy a 50 per cent stake in AXA Tower in a deal that values the property at S$1.68 billion, a boost of confidence to the Singapore market amid a downturn caused by the COVID-19 coronavirus pandemic. A share purchase agreement was made between a consortium of investors led by Perennial Real Estate Holdings to sell the stake to the Singapore arm of...

Couples who bought 2nd homes to get more time for ABSD remission amid COVID-19 disruption

Married Singaporean couples who bought or plan to buy a second home over the next few weeks will now have more time to sell their first property and claim back their Additional Buyer’s Stamp Duty (ABSD). This is part of the Government's temporary relief measures for the property sector for individuals affected by the COVID-19 pandemic. Under the current ABSD regime, a Singaporean married couple...

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