Prices of office space in Singapore's central region decreased by 3.9 per cent in the third quarter, compared with the 0.9 per cent increase in the previous quarter, according to the latest data from the Urban Redevelopment Authority (URA). URA's rental index of office space in the central region declined by 0.6 per cent in Q3, versus a 1.3 per cent increase in the prior quarter. As at the end of Q3...

Rents of retail space in the central region of Singapore increased by 2.3 per cent in the third quarter, after falling 1.5 per cent in the previous quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday. URA's price index of retail space in the central region was up 1.1 per cent in Q3, versus the 0.4 per cent increase in Q2. As at the end of Q3, there was a total...

The number of resale transactions in Singapore's public housing market fell slightly in the third quarter as prices inched up, the Housing and Development Board (HDB) announced on Friday (Oct 25). The prices of resale flats rose by 0.1 per cent in the three months ending September, confirming flash estimates announced at the start of the month. The resale price index - which provides information on...

Rents and prices of industrial space in Singapore remained stable in the third quarter of this year compared with the previous three months, according to the latest data from industrial land and infrastructure agency JTC Corp. The price index was up 0.1 per cent quarter on quarter, while the rental index was flat. Compared with a year ago, the price index edged down 0.1 per cent while the rental index...

Paya Lebar Quarter (PLQ), a mixed-used development by Lendlease, was officially launched on Thursday. The opening ceremony was graced by guest of honour Lawrence Wong, Minister for National Development and Second Minister for Finance, and Bruce Gosper, the Australian High Commissioner to Singapore. "All in all it's a tremendous opportunity for us to reimagine and remake Paya Lebar for the future,...

Unit prices for Sengkang Grand Residences will start from S$798,000 for one-bedroom plus study units, said CapitaLand and City Developments (CDL) on Wednesday. The integrated development comprises 680 units across nine blocks, with unit sizes ranging from 474 square feet (sq ft) for a one-bedroom plus study, to 1,324 sq ft for a four-bedroom premium plus flexi unit type. A two-bedroom unit will cost...

The professional standards of property agents have improved over the years, industry players said following online criticism that some agents fall short when it comes to helping their clients and acting in their best interests. This comes after the Council for Estate Agencies (CEA) said on Monday (Oct 21) that a property agent was fined S$30,000 and suspended 12 months for being unprofessional and...

Southeast Asian online realtor PropertyGuru announced on Wednesday (Oct 23) that it has decided not to proceed with its proposed initial public offering (IPO) on the Australian Securities Exchange (ASX). Its IPO would have raised about A$380.2 million (S$355 million). In a media release, the Singapore-based company cited "uncertainty in the current IPO market" as the reason for withdrawing its IPO,...

The Housing and Development Board (HDB) saw its annual deficit rise to nearly S$2 billion in the 2018/19 financial year from S$1.7 billion the previous year, with the number of new flats sold falling significantly. According to its annual report released on Wednesday (Oct 23), HDB recorded a deficit of S$2.4 billion from its housing programmes, which was offset by a S$462 million surplus from “other...

A residential development site situated off Upper Serangoon Road has been put up for sale via public tender at an indicative price of S$13.5 million. This works out to S$850 per square foot (psf) on a land area of around 15,871 square feet (sq ft), exclusive marketing agent CBRE said on Tuesday. The site is zoned for residential use with a plot ratio of 1.4, based on the Urban Redevelopment...