URA flash estimate for the first quarter of 2019 shows that its overall price index for private homes fell 0.6 per cent over the preceding quarter. This is a bigger decline than the 0.1 per cent quarter-on-quarter dip in the fourth quarter of 2018. Year on year, the index is up 3.2 per cent. URA data released on Monday morning also showed that prices of non-landed private homes fell 1 per cent...

HDB resale flat prices dipped 0.3 per cent in the first quarter of 2019 compared with the quarter before, according to the latest HDB flash estimates released on Monday. The resale price index was 131, down from the 131.4 in the fourth quarter of 2018. The final figures, with more detailed public housing data, will be released on April 26. In May, HDB is expected to offer about 3,400...

Urban Redevelopment Authority (URA) has launched the tender of a site on Tan Quee Lan Street under the Confirmed List of the first half 2019 Government Land Sales (GLS) programme. The 99-year leasehold site sits on a site area of 11,530.9 square metres and has a maximum gross floor area of 48,430 sq m. It can potentially yield up to 580 residential units. The site has a maximum building height of 30...

The latest state land tender closing has yielded a mixed bag of results for the two 99-year leasehold sites offered. A land parcel along Middle Road in the buzzing Bugis locale, which is slated for residential with commercial at first storey use, drew 10 bids, with Wing Tai's highest bid of nearly S$492 million or S$1,458.33 per square foot per plot ratio (psf ppr) within expectation. Over in the Sims...

Analysts: Headwinds aside, it offers alternatives for older buildings and could support rentals CITY Developments Limited (CDL) and Hong Leong Holdings are among the property players that could benefit from the government's push to inject greater vibrancy into the central business district (CBD). The CBD Incentive Scheme, which offers a higher gross plot ratio to pave the way for older CBD office...

Prices of completed private apartments and condominiums in Singapore fell month-on-month again in February, retreating 0.5 per cent from the previous month after January's 0.2 per cent decline. The figures are flash estimates released on Thursday by the National University of Singapore's (NUS) for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private...

National Development Minister Lawrence Wong says Draft Master Plan 2019 will help in the long-term rejuvenation of the City Centre State planners unveiled a scheme on Wednesday to try to make "work- live-and-play" more of a norm throughout the currently office-dominated Central Business District (CBD), which is likely to get developers crunching their numbers for possible redevelopment. Minister for...

The iconic Golden Mile Complex has been put up for collective sale for a second time. The reserve price for the property is S$800 million, said marketing agent Edmund Tie & Company on Wednesday (Mar 27). This is unchanged from the previous tender which closed on Jan 30 without any buyers. Completed in 1973, the signature step-terraced building located along Beach Road and Nicoll Highway is deemed to...

Centaline Singapore has today announced the launch for collective sale by tender of D’Grove Villas, a freehold high-rise residential redevelopment site strategically located within Singapore’s prime District 10 in the upscale Ardmore precinct. Located at 8A Orange Grove road, D’Grove Villas is a rare and exclusive 24-year-old development with an estimated site area of 50,400 sq ft. The development...

Places that Singaporeans find familiar such as Orchard Road, mature towns and major recreational corridors will be rejuvenated, said the Urban Redevelopment Authority (URA) on Wednesday (Mar 27). The areas to be rejuvenated include mature towns such as Farrer Park and Dakota Crescent, and recreational corridors like the Civic District and the Rail Corridor, according to URA's Draft Master Plan...