Private home prices in Singapore rose 1.3 per cent in the second quarter, reversing two straight quarters of decline, according to flash estimates released by the Urban Redevelopment Authority (URA) on Monday (Jul 1). The private residential property index increased 1.9 points from 148.6 points in the first quarter to 150.5 points in the second quarter. This is an increase of 1.3 per cent compared to...

Prices of resale flats for the second quarter of this year fell 0.2 per cent from the first quarter, according to flash estimates released by the Housing and Development Board (HDB) on Monday (Jul 1). The resale price index - which provides information on the general price movements in the resale public housing market - is estimated to have dipped slightly from 131 to 130.8. Resale prices for HDB...

Peak Tower Corporation, which is acquiring Selegie Centre in a collective sale, is seeking approval from the Urban Redevelopment Authority (URA) for its plans to build a hotel on the site, which is presently zoned for commercial and residential use. An earlier application by Peak Tower for a proposed one block, 11-storey hotel on the site and to change the use of the site was turned down by the URA in...

Prices of completed private apartments and condominiums in Singapore inched up 0.2 per cent in May from the previous month, continuing its advance after an upwardly revised 0.3 per cent increase in April. The figures are flash estimates released on Friday by the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private...

The Government has reduced industrial land supply for the second half of 2019, as a global manufacturing slowdown and rising trade tensions have lowered Singapore's growth outlook. Under the Industrial Government Land Sales (IGLS) programme for the second half of 2019, the Government will release four sites in the confirmed list and six sites in the reserve list, with a total site area of 9.98 hectares...

Alpha Investment Partners has sold a 241-room hotel in Singapore’s Novena area for just under S$170 million. The private equity division of Keppel Capital has already handed over the Ibis Novena Hotel to companies controlled by Bangladeshi tycoon, Mohammed Saiful Alam, chairman of Chitttagong-based conglomerage S Alam Group, in a deal which closed on Wednesday. Through the off-market transaction,...

The new Funan mall welcomed its first customers on Friday morning, unveiling its new look after a S$560 million renovation which took three years. The former IT mall, which closed in mid 2016 for redevelopment, has swapped its geeky image for a swankier lifestyle vibe. A six-storey steel structure called the Tree Of Life forms the centrepiece of the revamped mall, housing retail pods for brands to...

Following the introduction of cooling measures last year, Singapore’s property market is now "more sober" with early signs of slower price increases and lower transaction volumes. This was according to Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), who added that the measures still need time to work their way through. He was speaking at the press conference on the...

Units at upcoming freehold Bukit Timah condo Juniper Hill, at Ewe Boon Road, will be up for sale on July 13, developer Allgreen Properties Ltd said in a media statement on Thursday. Prices start from S$1.6 million for a two-bedroom unit, and S$6.1 million for a five-bedroom unit. Units range from 581 to 2,217 square feet (sq ft) in size, with prices ranging from S$2,600 to S$2,900 per square...

The Urban Redevelopment Authority (URA) on Thursday said it has released three sites for sale, under the first half of the 2019 Government Land Sales Programme. All three sites have a lease tenure of 99 years. The site at one-north Gateway is launched for sale under the confirmed list as part of JTC's efforts to inject more residential spaces in the one-north estate in a bid to meet housing needs,...