Sales of private homes by developers in Singapore rose 36.3 per cent year-on-year in September, official data showed on Tuesday (Oct 15). Data compiled by the Urban Redevelopment Authority (URA) showed developers sold 1,270 units last month, excluding executive condominiums, compared with the 932 units sold in the same month a year earlier. This is the largest number of new homes sold in the month of...

A higher proportion of Singaporeans would like the Government to regulate prices of new private homes compared to six months ago, based on a survey by property portal PropertyGuru. Out of 794 respondents polled in the first half of this year, 58 per cent said that there should be more price regulation — up from 49 per cent in the second half of last year. The survey, which is conducted...

From luxury Singapore condos to Malaysian seafront apartments, Hong Kong investors are shifting cash into South-east Asian property, demoralised by increasingly violent protests as well as the China-US trade war. Millions have taken to the streets during four months of pro-democracy demonstrations in Hong Kong, hammering tourism while also forcing businesses to lay off staff - and the property sector is...

Real estate investment sales in the third quarter more than doubled to S$16.74 billion from S$6.7 billion in the previous quarter, on the back of a commercial sector surge from big ticket office transactions. This was also 49 per cent higher than the volume of the first and second quarter combined, said a Cushman & Wakefield report on Monday. The commercial sector led sales volumes with S$6.27...

It is likely to be another stable reporting season for Singapore's real estate investment trusts (Reits) with tourist arrivals in July and August giving a boost to retail and hospitality Reits while industrial Reits continue to be pressured by the bleak state of manufacturing activity. Given the cloudy outlook owing to macroeconomic uncertainty and recession fears, analysts have chosen a defensive...

The luxury end of Singapore's residential market is hot, and according to Colliers International Group, it's because of increased interest from mainland Chinese nationals. While some market watchers have speculated the turmoil in Hong Kong may lead people there to buy property in Singapore, it seems that isn't necessarily the case. "The increase in luxury home sales could be due to more China buyers...

Office-sharing startup WeWork on Thursday (Oct 10) said it will open two new locations in Singapore this year, even as its seeks a US$1 billion lifeline from its biggest-backer Softbank Group to progress a major restructuring. The New York-based startup, which had to abandon an initial public offering last week because of investor concerns about how it was valued and its business model, will open new...

Rental prices in Singapore fell in September for both non-landed private homes and HDB flats as compared to August, though the rents increased on a year-on-year basis. This is according to SRX flash data released on Wednesday. Meanwhile, rental volumes fell for private condominiums, but rose for HDB flats on a month-on-month basis. Overall rents for condos declined 0.4 per cent from August, but...

The national joint venture between Malaysia and Singapore, M+S Pte Ltd, on Tuesday announced it will sell the luxury hotel component of the signature Duo mixed-use project for S$475 million to Hoi Hup Realty. M+S said it agreed to the sale of all shares of its wholly-owned subsidiary, Ophir-Rochor Hotel (ORH), the developer and owner of Andaz Singapore, to the Singapore property developer. The...

Property listing portal 99.co said on Tuesday (Oct 8) it has signed a deal to "assume full control" of REA Group's iProperty.com.sg in Singapore and Rumah123.com in Indonesia in a joint venture. 99.co has entered into a binding agreement with REA Group, which will also invest US$$8 million into the joint venture, it said in a news release. The investment will be used as working capital to accelerate...