Tightening vacancies have driven up Singapore prime office rents in 2018. This saw average CBD (central business district) Grade A office rent rising by 2.4 per cent to S$9.43 per square foot per month (psf pm) from Q3 to Q4 2018, bringing the full year rental growth to 14.9 per cent, Colliers International's data showed. This is the fastest annual growth since 2010, where rents rebounded by 22 per cent...

A freehold four-storey commercial building near Jalan Besar MRT is being put up for sale in an expression of interest exercise, exclusive marketing agent JLL said on Tuesday. The exercise closes at 3pm on March 20, 2019. The property, 7 Hindoo Road, has a 15-metre wide frontage, a land area of 3,519 square feet and a gross floor area (GFA) of about 13,970 sq ft. The guide price is S$25 million or...

From about the middle of this year, homebuyers in a hurry will be able to apply for a flat online all year round and make a booking by the next working day. These are flats that have not been picked up after the biannual Re-offer of Balance Flats (ROF) exercises, which typically take place in February and August. Announcing this in a blog post on Thursday (Feb 7), National Development Minister...

More HDB flats changed hands in January compared to December - a change in direction for the first time since last July's cooling measures. In all, 1,560 HDB resale flats were sold last month, 8.8 per cent more than in December, according to flash estimates from real estate portal SRX on Thursday. It was also 43 per cent more than the 1,091 units sold in January 2018. Resale prices compared to...

Private home prices in Singapore eased by 0.1 per cent in the fourth quarter of last year, after inching up 0.5 per cent the previous quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday. This marked a 7.9 per cent increase in the private property price index for the whole of 2018, as compared to the 1.1 per cent increase in 2017. The Q4 statistics released were in...

Rents of office space in the central region of Singapore rose by 0.5 per cent in the fourth quarter of 2018 over the previous three months - a slower pace of gain compared with the 2.5 per cent rise in the third quarter, figures from the Urban Redevelopment Authority (URA) showed on Friday. For the whole of 2018, the rental index rose 7.4 per cent, compared with the increase of 0.4 per cent in...

Rents for retail space in the central region of Singapore rose by 1.2 per cent in the fourth quarter of 2018 over the previous three months - contrasting with the drop of 1.2 per cent in the third quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday. For the whole of 2018, retail rents weakened by 1.0 per cent, after sliding 4.7 per cent in 2017. URA's price index...

Private home prices in Singapore rose 7.9 per cent in 2018, compared with a 1.1 per cent increase the previous year, said the Urban Redevelopment Authority (URA) on Friday (Jan 25), confirming flash estimates announced earlier this month. Private home prices fell by 0.1 per cent in the fourth quarter of last year, compared with the 0.5 per cent increase in the third quarter. URA revised its estimates...

Rising interest rates and the latest round of property curbs have put the brakes on mortgage demand at Singapore's banks, potentially further dragging down the city's housing market. Home-loan growth slowed to 1.9 per cent in the first 11 months of 2018, less than half the 4.2 per cent increase posted in 2017, the latest Monetary Authority of Singapore data show. Mortgage growth will stay stuck below 2...

Rentals and prices of industrial space in Singapore remained unchanged in the fourth quarter of 2018 over the preceding quarter, according to the latest data from industrial land and infrastructure agency JTC Corp. Compared with a year ago, the price index was also unchanged while the the rental index eased 0.3 per cent. Meanwhile, the occupancy rate of the overall industrial property market for the...