singapore property news

New commercial clusters can help S’pore become one of world’s biggest hub

Two new commercial clusters will be developed as part of the comprehensive Land Use Plan released by the government on Thursday. In addition to the existing commercial nodes Jurong Lake District, one-north and Paya Lebar Central, there will be two new corridors in the north and south. The North Coast Innovation Corridor will span from Woodlands to Punggol and the Southern Waterfront City will extend from...

700,000 new homes by 2030

By 2030, Singapore is expected to have 700,000 new homes which will be located in new towns, existing estates and the central region, where 200,000 of these units will be completed by the end of 2016. According to the Land Use Plan released on Thursday, three new towns will be carved out. One of them is Bidadari town where 11,000 housing units, both private and public, are expected. Another town will be...

Room for more commercial developments in northeast S’pore

The government has been ramping up housing supply in recent years, particularly in the north-eastern part of Singapore and some analysts said there is room for more commercial developments to meet the needs of the growing population. According to the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB), a total of 44,868 residential units will be completed in Sengkang and...

Private resale home prices down 0.3% on-month in Dec

Prices of private resale homes dropped 0.3 per cent in December from November. This is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums. The SRPI data is published by the Institute of Real Estate Studies at National University of Singapore (NUS). Analysts said the drop may be due to lower transactions during the school...

Injection of 200,000 homes unlikely to cause price crash

Jan 24, 2013 - PropertyGuru.com.sg table_add Comment email_go E-mail to friend share Bookmark & Share By Romesh Navaratnarajah: The government recently announced a steady supply of residential units in the next four years that will provide more housing options for Singaporeans. In his blog post last week, National Development Minister Khaw Boon Wan said around 200,000 new homes comprising...

Mount Sophia generating buzz

The Mount Sophia/Wilkie Road enclave is fast becoming a new property hotspot, mainly due to its central location and availability of city amenities. At the same time, more developers are purchasing land parcels in the area for redevelopment purposes. Recently, established player Roxy-Pacific Holdings acquired a 9,324 sq ft freehold site at 13/15 Wilkie Terrace, off Dhoby Ghaut/Selegie Road for S$24.5...

Property buying sentiment holding up despite cooling measures

In the immediate aftermath of the announcement of the Government’s most sweeping property cooling measures to date, property stocks plummeted as analysts said the impact on demand could be severe with a possible double-digit drop in sales of private residential units. But as the panic gradually settles, a snapshot of the market suggests that buyer sentiment may still be on the positive side, and the...

Three residential projects in Orchard Boulevard expected to be completed by 2015

Three new high-end residential projects in the prime Orchard Boulevard area are expected to be completed over the next two years. They include luxury development 21 AngulliaPark - a Hong Kong-based China Sonangol's first Singapore property project. TwentyOne AngulliaPark and Skyline@Orchard Boulevard are expected to receive their temporary occupancy permits at around end 2013 and Boulevard Vue at around...

Private home prices up 1.8% in Q4: URA

Private home prices rose 1.8 per cent in the fourth quarter of 2012, compared to a 0.6 per cent increase in the previous quarter. But for the whole year of 2012, prices of private residential properties increased by 2.8 per cent, a smaller rise compared to the 5.9 per cent growth recorded in 2011. The Urban Redevelopment Authority (URA) on Friday said that prices of non-landed properties outside the...

HDB resale prices rise 2.5% to record high in Q4

The resale price for HDB flats reached record high in fourth quarter of 2012 but the price increases for the year were slower compared with the previous year. The HDB's Resale Price Index (RPI) rose to 202.9 in the fourth quarter, an increase of 2.5 per cent over the previous quarter. The Housing and Development Board said on Friday that this is the same as the flash estimate released on January 2 this...

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