Property Giant set a new benchmark by recording the highest PSF pricing for landed property (non-CGB).

Resale prices and volumes of condominiums continued to rise in March, supported by healthy demand for units in the Outside of Central Region (OCR).

The Singapore government is taking measures to cool the property market, which has remained firm even with a dimmer economic outlook. As part of these measures, the government has introduced a new round of property cooling measures, which include doubling the Additional Buyer's Stamp Duty (ABSD) for foreign buyers to 60%.

SVB Financial Group became the largest bank failure since the 2008 financial crisis on Friday, in a sudden collapse that roiled global markets and left billions of dollars belonging to companies and investors stranded.

BTO, HDB resale or upgrading? Here are 4 things to know before you make a decision

RESALE prices of Housing and Development Board (HDB) flats have stopped increasing for the first time since June 2020, holding steady in February 2023 compared to the month before.

Developers face hefty stamp duty payment if some 1,400 unsold units across these projects are not cleared by 5-year milestone.

Mass-market condominiums are the most common type of private housing transacted, making up about half of all condominiums sold in Singapore. Hence, this market segment has a significant influence on the price trend and market dynamics of the rest of the private housing market.

About 6km of the walking trail in the Rail Corridor between Kranji and Hillview MRT stations has been enhanced and was opened to the public on Friday, offering better access to the northern stretch of the recreational green route.

The relocation of Anglo-Chinese School (Primary) from its current Barker Road campus in Newton to Tengah in 2030 will likely boost interest in upcoming homes in the new town, said property analysts.They predicted that future Build-To-Order (BTO) projects in Tengah would see an increase in applicants, particularly for those located within 2km of the new ACS (Primary). Two upcoming executive condominium (EC) projects in Bukit Batok West, which fall within 1km of the school, are expected to see higher demand as well.

Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be the ideal place to park his family’s wealth.He is hoping that studying at a university in the Asian financial hub will lead to permanent residency, and while the 26-year-old hits the books, his wife is out looking for a $5 million to $7 million penthouse.“Singapore is great. It is stable and offers a lot of investment opportunities,” Mr Zhang told Reuters at a business and philanthropy forum here late last year. His family might establish a Singapore family office to manage its wealth in the future, he added.

Executive condominiums (ECs) are gaining cachet with Housing Board upgraders as the gap between the median prices of new ECs and new condominiums in the suburbs has widened in recent years.

Private residential property rents hit a record high in 2022, topping the previous 2013 peak. An index tracking rents in the sector was 23.9 per cent higher in the July-to-September quarter of 2022 compared with the same period in 2021 and 16.7 per cent ahead of the 2013 benchmark, said the Urban Redevelopment Authority.

Investors have been pampered by different investment options in recent months, whether it's in government bonds, which have experienced rise in popularity, or in appealing fixed deposits.After all, as inflation proceeds to exert pressure on consumers, there is a deep desire for investments that can offer positive, real returns. That is why it is not unexpected to see advertising material for investment products attempting to capitalise on this desire. The upsurge in aggressive marketing, on the other hand, should serve as a reminder to investors to perform due diligence on financial products to make sure they are receiving the expected returns.

The Land Transport Authority (LTA) has awarded a S$758 million contract to design and build a 5 km tunnel for the second phase of the Cross Island MRT Line (CRL), 2 km of which will pass beneath the Central Catchment Nature Reserve.It also gave out a separate S$496 million contract for Punggol interchange station under the CRL Punggol extension.Construction works for both projects are expected to start in the first half of 2023, with passenger service slated to begin in 2032, said the LTA on Monday (Dec 5).

The first Government Land Sales (GLS) site in Marina South was launched for tender on Monday, in a first step to kick-start development in the new neighbourhood.The roughly 12,000 sq m site in Marina Gardens Lane, which is situated next to Gardens by the Bay, can yield about 790 residential units, the Urban Redevelopment Authority (URA) said. The plot is about the size of two football fields.

Singapore's population is rapidly ageing – could an ageing population be a major headwind for the private homes market?The median age of Singapore residents rose from 37.4 years in mid-2010 to 42.1 years in mid-2022. Around 16.6 per cent of the resident population is aged 65 years and over in mid-2022, versus about 9 per cent in mid-2010.

A Marina South site zoned for residential development with some commercial use has been put up for sale in a state property tender anticipated to attract up to five bids worth S$1 billion or more, according to analysts.According to market observers, the parcel is one of the most appealing plots in this year of Government Land Sales (GLS) programme and it will kick start the development of the Marina South precinct.

New private home sales sank to the lowest level in more than two years in October 2022, with developers transacting 312 new homes (ex. Executive condos) – it is the lowest monthly figure since April 2020 where 277 units were sold. October’s sales were down by 68.4% from 987 new homes sold in the previous month, and marked a decline of 65.8% on a year-on-year basis.

On Singapore’s outskirt areas, condominiums were sold for S$2,500 to S$3,000 per square foot, surpassing the prices of luxury condos, according to a report by OrangeTee. Despite the impact of the Omicron variant and property cooling measures, OrangeTee data indicates that the median price of new city fringe condos excluding executive condominiums (EC) will increase by 8.7 percent from S$1,814 per square foot in 2020 to S$1,972 per square foot in 2021.

GuocoLand sold 508 units, or 84% of Lentor Modern's 605 units, between September 16 and 17, at prices ranging from S$1,856 to S$2,538 per square foot (psf). Lentor Modern's success is the result of a strong response to recent leasehold condominium development releases in the Outside Central Region (OCR).On September 7, approximately 75% of the homes at Sky Eden@Bedok were sold averagely at around S$2,100 psf. In July, 366 of 372 AMO Residence units in Ang Mo Kio sold for a median price of S$2,110 psf. Given the high demand for suburban condos, developers should be clamouring for land since developers must first secure landscape before they are able to build houses.

Singapore is ready to provide more support in dealing with the rising living costs as inflation and interest rates remain high, according to Prime Minister Lee Hsien Loong."The world is unlikely to return anytime soon to the low inflation levels and interest rates that we have enjoyed in recent decades," Lee said on the eve of the country's National Day in a televised message. "I know that the cost of living is on everyone's mind."’

The landed home market performed admirably in 2021, recording the highest sales volume since 2010 with over 3,000 transactions. The pandemic, which drove the need for larger living spaces, drove the sales momentum.Districts 10 (Bukit Timah, Holland Road), 15 (Katong, Siglap), 16 (Bedok, Upper Changi), 19 (Hougang, Serangoon Garden), 20 (Ang Mo Kio, Upper Thomson), and 28 (Seletar, Yio Chu Kang) had the highest sales volume.