Private property sellers will no longer be able to solely extend the period of time for a prospective buyer’s option to purchase (OTP) a residential unit, a circular by the Urban Redevelopment Authority (URA) said on Monday (Sept 28). An OTP is usually a three-week period when a buyer books his right to purchase a property from a developer in return for a cash payment, which is up to a hefty 5 per...
A 99-years leasehold condominium jointly developed by Hong Leong Holdings and City Developments Limited will begin previews by appointment from Sept 12, Hong Leong Group said in a statement on Wednesday. Early-bird prices for Penrose condominium, which is located at Sims Drive in District 14, start from S$788,000 for units with one bedroom, S$943,000 for those with two bedrooms, S$1.33 million for three...
Private developers sold 1,080 new homes excluding executive condominiums (ECs) in July, a third straight month of growth. However, compared to July last year, private home sales volume fell 8.4 per cent from 1,179 units, according to data from the Urban Redevelopment Authority on Monday (Aug 17). On a month-on-month basis, July's sales marked an 8.2 per cent jump from the 998 units transacted in...
Private developers sold 1,080 new homes excluding executive condominiums (ECs) in July, a third straight month of growth. However, compared to July last year, private home sales volume fell 8.4 per cent from 1,179 units, according to data from the Urban Redevelopment Authority on Monday (Aug 17). On a month-on-month basis, July's sales marked an 8.2 per cent jump from the 998 units transacted in...
Property developers Qingjian Realty (South Pacific) Group and Perennial Real Estate Holdings have sold 30 per cent or 190 units of their 633-unit Forett At Bukit Timah condo project on Aug 8 during a virtual booking day event. Homebuyers who made a booking during the launch got their units at an average transacted price of S$1,880 per square foot, with interest balanced across unit types, both parties...
Sales of new private homes rose 75 per cent last month despite the circuit breaker period, a surprise to many analysts who expected the property market to remain muted after the sharp plunge in April. Data released by the Urban Redevelopment Authority (URA) on Monday (Jun 15) showed that developers sold 486 units - excluding executive condominiums (EC) - last month, compared with 277 units in...
Sales of new private homes last month plunged 58 per cent from March as a result of "circuit breaker" restrictions, with analysts expecting the property market to remain muted in May. Data released by the Urban Redevelopment Authority (URA) on Friday (May 15) showed developers sold 277 units - excluding executive condominiums (EC) - last month, compared with 660 units sold in March. Including ECs,...
Property buyers who entered into agreements to purchase homes from developers can now apply for temporary legal protection should they face difficulties making payments because of the COVID-19 pandemic. The move is an extension of the COVID-19 (Temporary Measures) Bill passed last month, which provides temporary relief from certain legal action for non-residential leases, construction or supply...
Sales of new private homes fell in March due to disruption from the COVID-19 pandemic, as developers refrained from launching new projects and potential foreign buyers were not able to visit Singapore to view the properties. Developers sold 660 homes – excluding executive condominiums – last month, 32.4 per cent lower than the 976 units sold in February, data from the Urban Redevelopment Authority...
Sales of new private homes rose in February despite the COVID-19 outbreak. Developers sold 975 homes – excluding executive condominiums – last month, 57.3 per cent higher than the 620 units sold in the preceding month, data from the Urban Redevelopment Authority (URA) showed on Monday (Mar 16). This was also 114.3 per cent more than the 455 units sold over the same period last year, making it the...
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