Home owners hoping for some relief from their monthly mortgage repayments may be in for some disappointment, even if a benchmark local interest rate, which many home loans are pegged to, has edged down following a recent rate cut by the US Federal Reserve. This as some banks have begun trimming their home loan interest rates as early as April in anticipation of the Fed’s move, market watchers told...

Rent of condominiums in Singapore inched up in July after two straight months of decline, while those of HDB flats held largely steady from June, according to monthly flash data from real estate portal SRX Property released on Thursday. The number of units leased also saw a month-on-month increase for both condos and HDBs. For non-landed private homes, overall rents last month improved 0.8 per cent...

Developers sold 1,178 private homes in July 2019, up 43.5 per cent from the 821 units they moved in the previous month, but down 31.7 per cent from the 1,724 units they found buyers for, in July 2018. The figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority (URA) on Thursday based on its survey of licensed housing developers. Including ECs,...

Fund manager Arch Capital Management completed the acquisition of Anson House for S$210 million on Wednesday. The price works out to S$2,435 per square foot based on the 13-storey building's net lettable area (NLA) of 86,239 sq ft. This confirms a report in June in The Business Times Weekend, which had cited market watchers tipping Hong Kong based Arch Capital Management as the party that was doing...

A row of six adjoining conservation shophouses along Kampong Bahru Road has been launched for sale at a guide price of S$39.6 million, or about S$6.6 million each, marketing agents JLL and Tuscany Realty said in a press statement on Wednesday. Located at 69, 71, 73, 75, 77 and 79 Kampong Bahru Road near Outram MRT station, the six freehold two-storey shophouses can be sold either individually or...

Singapore's largest private residential site - Braddell View estate - has been relaunched for collective sale by tender, with the owners' reserve price remaining unchanged at an eye-grabbing S$2.08 billion. Owners of the residential units stand to receive between S$2.04 million and S$4.03 million each if the sale succeeds, marketing agent Colliers International said on Tuesday. Apartments range in size...

The market share of the Singapore residential property market sold by Chinese developers has surged since 2015, NUS Institute of Real Estate and Urban Studies’ Sing Tien Foo and Chia Liu Ee say. After the cooling measures slapped on in July 2018, many have wondered whether Singapore property remains a good investment bet. To be sure, the measures targeted speculators and hot foreign money, and...

Some developers are dangling fatter commissions to incentivise property agents to help clear inventory. A check with property agents suggested that commissions in some cases could rise to 3-4 per cent, or more. Developers may also wheel out incentives or a cash bonus when it comes to units that are harder to sell, such as ground-floor units or units with a less-attractive facing, as agents need to work...

CITY Developments Limited (CDL) acquired the remaining 62.5 per cent stake from the investors of Profit Participation Securities (PPS) 1 structure for S$393 million, giving it full control of W Singapore-Sentosa Cove and Quayside Isle as it seeks to ride on the government's plans to reshape Sentosa. At an earnings briefing on Thursday morning, group chief executive officer Sherman Kwek said that the...

Despite a Boon Keng five-roomer selling for a record sum, HDB resale prices remained relatively stable last month, new figures show. The 39th-floor unit at City View @ Boon Keng went for S$1,205,000 - S$5,000 more than the previous record for a HDB resale set by a five-room flat in Boon Tiong Road, Tiong Bahru, in April. It was the second time this year that a City View unit has claimed the record...