singapore property news

Navigating the Singapore Real Estate Landscape: 2023 Review and 2024 Outlook

2023 Unveils Singapore's Bold Move: The 60% ABSD Tax In a strategic move to regulate speculative capital inflow into the real estate sector, the Singapore government unveiled a bold initiative on April 27, 2023. This initiative took the form of a substantial 60% Additional Buyer's Stamp Duty (ABSD) tax on residential properties purchased by foreigners, establishing one of the highest non-resident tax...

New launches with special promotion in Dec 2023

Enjoy special deals this holiday season and sweeten your property search. Property prices have increased by 3.9% in the first nine months of 2023 and may grow more than 5% in 2023. For 2024, prices in the property market are estimated to grow between 3% and 5%. In this article, we highlight 7 new launches with special promotions to consider towards leveling up your wealth. You will need to act fast to...

Living in One-North Singapore: A Unique and Exciting Place to Call Home

One-North Singapore is an innovative and vibrant area located in the western part of the city-state. With its world-class universities, cutting-edge research and development centers, and a diverse range of businesses and startups, One-North is a unique ecosystem that fosters creativity and collaboration. One-North is known for its thriving technology and innovation ecosystem, and is home to companies...

A Look Back at the Singapore Property Market in 2022 and What to Expect for 2023

The property market in 2022 saw a rise in prices due to a low number of unsold units and high demand. Private property prices increased by 8.6% for the year, with muted growth of 0.4% in 4Q 2022 as there were no major non-landed launches. DEVELOPER SALES The injection of new supply in 2022 was the lowest ever, with only 4,528 units launched for sale, less than half of the previous year's 10,496...

Bulk purchases of Singapore luxury properties by individual foreigners on the rise

Bulk purchases of residential private properties in Singapore are on the rise. While most deals remain discreet, some are making the news in recent months. Earlier in June 2022, a Chinese national is said to have bought 20 units at CanningHill Piers, a condominium along the Singapore River, for more than S$85 million.. The purchaser, who is from the Chinese province of Fujian, is also rumoured to be...

Residential property rentals anticipated to stay high this year following uptick in June

Singapore private condominium and pubic housing (HDB) rental costs increased by 2.1% and 2.3%, respectively, from the prior month in June 2022, continuing their increasing trend. The most recent flash numbers from SRX Property and 99.co, released on 14 July, show that condo rentals have increased for 18 straight months while HDB rents have increased for 24 consecutive months. The rental rates for...

The Top Neighborhoods for Foreigners to Buy Property in Singapore

Are you an foreigner looking to purchase a property in Singapore? Singapore is the perfect spot for foreigners to live and work because it is a flourishing business hub and a melting pot of cultures. Yet, choosing where to begin your search might be difficult given the variety of neighborhoods and areas available. In order to assist you in making an informed decision about where to buy your next property,...

Midtown Modern debuts “Sky-Bungalows” priced between S$15.5 million and S$17 million apiece

Developer GuocoLand has introduced a collection of 6 expansive, double-story houses at Midtown Modern condominium in Bugis priced between S$15.5 million and S$17 million each, or between S$4,287 and S$4,701 per square foot (psf). Known as the "Midtown Modern Sky-Bungalow Collection", the units were built by stacking together 4-bedroom premium apartments, an option the developer had presented at the...

List of brand new homes ready for occupation in 2022

Looking for a property directly from the developer for your own stay or immediate rental returns? Below is a list of new launches in Core Central Region (CCR), Rest of Central Region (RCR) and the Outside Central Region (OCR) that has completed or are scheduled to complete in year 2022. Core Central Region (CCR) The Hyde The Hyde is perfectly situated on Balmoral Road, in front of Goodwood...

URA considering proposals including a heritage district for the future Paya Lebar Air Base site

When the Paya Lebar Air Base is relocated in the 2030s, the current site might be turned into a heritage district, with existing infrastructure including the control tower, hangars, and old passenger terminal buildings preserved. The Singapore Institute of Architects (SIA) and the Singapore Institute of Planners (SIP) were hired by the Urban Redevelopment Authority (URA) to come up with suggestions for...

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