The Government on Wednesday (Dec 15) announced a package of measures to cool the private residential and HDB resale markets. The measures include raising Additional Buyer’s Stamp Duty (ABSD) rates, tightening the Total Debt Servicing Ratio (TDSR) threshold and lowering the Loan-to-Value (LTV) limit for loans from the Housing and Development Board (HDB), said the Ministry of Finance, the Ministry of...
Peace Centre, a shopping mall, and Peace Mansion, an adjacent apartment complex, have been sold after a fifth attempt at a collective sale, according to exclusive marketing agent JLL (Dec 3). CEL Development, Sing-Haiyi Crystal, and Ultra Infinity formed a joint venture to purchase the mixed-use property on Sophia Road for S$650 million. The reserve price for the collective sale was established at...
International Plaza has been put up for collective sale at a reserve price of S$2.7 billion, marketing agency Edmund Tie & Company stated on Wednesday (Sep 1). The 50-storey mixed-use development's first effort at an en bloc sale is also its most expensive and comprehensive offering to date. A land rate of S$2,448 per square foot per plot ratio is reflected in the reserve price. International...
Following a significant surge in purchasing activity at the end of last year, continued interest from overseas purchasers, family offices, and institutional investors has maintained demand for shophouses in the first quarter of 2021. 51 transactions totaling S$328.3 million were registered in the first quarter of this year, as per data gathered on April 6. Despite the fact that this is less than the...
Private property prices in Singapore rose 2.1 per cent in the fourth quarter of 2020 from the previous quarter, according to flash estimates by the Urban Redevelopment Authority (URA) on Monday (Jan 4). This compares with a 0.8 per cent increase in the previous quarter, said URA. For the whole of 2020, private home prices rose by 2.2 per cent, compared with the 2.7 per cent increase in 2019. Ms...
Despite a pandemic and an economic recession, it has been a surprising year for the property market. Property buyers began snapping up new homes as soon as the circuit breaker eased and they could visit showrooms again, contributing to a seesawing of private home sale numbers in the final months of the year as government regulations kicked in to cool the market. In June, the same month that Singapore...
The muted collective sales market could see a revival in the second half of next year, as developers turn to the private residential scene to feed a growing appetite for land, according to property analysts. This comes as the property market has remained resilient in the face of the COVID-19 pandemic and consequent economic uncertainty, said analysts. Just two en bloc deals totalling S$77.2 million...
New private home sales in Singapore rose by 18.9 per cent in November, reversing a decline seen in October, on the back of new project launches by developers. Private developers sold 767 units, excluding executive condominiums (ECs), in November, data from the Urban Redevelopment Authority (URA) showed on Tuesday (Dec 15). This figure is 18.9 per cent higher than October's 645 units, but a 34.2 per...
New private home sales in Singapore plunged more than 50 per cent in October amid a dearth of fresh projects and restrictions on the reissue of options to purchase (OTP). Private developers sold 642 units, excluding executive condominiums (ECs), in October, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). This is down 51.7 per cent from September's more than two-year high...
New private home sales in Singapore plunged more than 50 per cent in October amid a dearth of fresh projects and restrictions on the reissue of options to purchase (OTP). Private developers sold 642 units, excluding executive condominiums (ECs), in October, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). This is down 51.7 per cent from September's more-than-two-year high...
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