The Government has decided to reduce the supply of private residential units for the second half of 2019, as demand continues to fall, the Ministry of National Development (MND) announced on Thursday (Jun 6). Thirteen land sites, comprising five confirmed sites and eight reserved sites, were released for sale on Thursday under the Government Land Sales (GLS) programme for the second half of 2019. The...

New Build-to-Order (BTO) flats sold from February onwards will include higher-quality furnishings, such as more water-efficient toilets and tougher porcelain tiles, the Housing and Development Board (HDB) said on Wednesday (Jun 5). These changes are part of efforts to make new flats more modern and to bring standards closer to mass market condominiums, it added. Speaking at a media briefing, HDB’s...

Last Friday's completion of the acquisition of Liang Court mall along River Valley Road by CapitaLand and City Developments Ltd (CDL) brings together two property groups that have adopted somewhat different business strategies in the past. With their S$400 million purchase of the mall from an entity linked to PGIM Real Estate, control of the overall Liang Court mixed-development complex has narrowed...

Real estate veteran Donald Han is a tireless proponent of all things real estate. "If you slit my vein open, you will see nothing but real estate DNA there," quipped the chief executive officer of the manager of SGX-listed Sabana Reit. "I'm not someone who understands or is interested in commodities, gold, or crypto-currencies, but I think, eat, drink and sleep real estate," he grinned. Mr Han,...

After a three-year redevelopment, Funan is set to reopen its doors to shoppers on Jun 28, developer CapitaLand announced in a press release on Monday (Jun 3). More than 180 brands, including new-to-market brands, new concept stores and flagships, will feature at Funan. Among the mall’s new tenants is tech company Dyson, whose first standalone store in Singapore will be dedicated to its Supersonic...

Featuring a swirling façade with architectural curves wrapping around its towers, the Coastline Residences is an upcoming stunning residential development in the East of Singapore. Offering an all-embracing view of the endless sea, Coastline Residences is the perfect home for home seekers who love nature, beach and sunrise. Immerse yourself in the panoramic views of the sea when the sun rises. By night,...

Thanks to the rising popularity of food delivery services and e-commerce, demand for food factories in Singapore is expected to remain healthy, even though the demand will likely lag behind supply in 2019-2020, said Tricia Song, head of research for Singapore at Colliers International. Her comments on Wednesday accompany the commercial real estate services provider’s research report tracking the...

Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilised the property cycle, Minister for National Development Lawrence Wong said. "The property market last year, before the cooling measures were put in place, we saw prices rising very sharply," Mr Wong said in an interview with Bloomberg Television's Haslinda Amin in Singapore. "There...

A land parcel at Bernam Street in Tanjong Pagar, slated for residential with commercial at first-storey use, 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 2019 Government Land Sales (GLS) programme. The site can potentially yield up to 325 residential units, and comes with commercial space on...

Braddell View another victim of moribund en bloc market The collective-sale cycle appears to be running out of steam, with no residential projects having achieved a successful outcome so far this year; the mega Braddell View estate has become the latest to reach its tender close with zero bids. Market watchers were unsurprised by the lack of takers for Singapore's largest private residential site,...