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Market News

HDB resale prices fall in March from year ago

Date :April 6, 2018

Resale prices of Housing Board flats rose 0.8 per cent last month from February, the month of Chinese New Year, but dropped by 1.9 per cent from a year ago, according to flash data from real estate portal SRX Property yesterday. For the first quarter of this year, resale prices were down by 0.6 per cent from the previous three months, said SRX. Prices have also declined by 12.8 per cent since their peak in April 2013. On a month-on-month basis, March resale prices of four-and five-room flats, and executive flats were up by 1.4 per cent, 0.2 per cent […]

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900,000 HDB Households To Receive GST Voucher

Date :April 2, 2018

About 900,000 Singaporean HDB households will receive the next instalment of the GST Voucher – Utilities-Save (U-Save) rebate in April 2018. 2     The U-Save rebate is one of three components under the permanent GST Voucher scheme. The U-Save rebate helps HDB households to offset part of their utilities bills, and serves to lower overall household expenses. It is distributed every three months. The U-Save rebate is expected to cost $265 million over four quarters, starting from July 2017. 3     Annually, the permanent GST Voucher – U-Save rebate has enabled households in 1- and 2-room HDB flats to receive support which […]

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900,000 HDB Households To Receive $126 Milllion

Date :March 29, 2018

Around 900,000 Singaporean HDB households can expect to receive $126 million worth of Service & Conservancy Charges (S&CC) rebate in FY2018 i.e April 2018 – March 2019. The S&CC rebate was announced during Budget 2018 to provide additional support to households. 2          In total, each eligible Singaporean household will receive 1.5 to 3.5 months of S&CC rebate, depending on their HDB flat type. Eligible households will receive a letter from end-March with more details of the S&CC rebate. The rebate will be disbursed over the months of April 2018, July 2018, October 2018 and January 2019 as follows: HDB Flat […]

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CapitaLand to manage Phnom Penh mall in Oxley’s The Peak development

Date :March 21, 2018

SINGAPORE – CapitaLand, through its wholly owned shopping mall business CapitaLand Retail, has signed an agreement to manage a mall in Cambodia’s capital, Phnom Penh. The mall is the retail component of The Peak, an upcoming high-end integrated development majority owned by Singapore-based developer Oxley and Cambodian company Worldbridge Land. The Peak, located the Chamkarmon district in central Phnom Penh, is a 55-storey freehold integrated development which houses an office tower, the country’s first Shangri-La Hotel, two luxury residential towers with 1,014 apartment units and the mall, which will open in 2020. CapitaLand will oversee asset planning, pre-opening and retail […]

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Keppel Land’s Highline Residences sells over 80% at launched

Date :September 15, 2017

Highline Residences Highline Residences in Kim Tian Road sold over 80% at its launched over the weekend from developer Keppel Land. Keppel Land given an indicative price of $2,000 psf for homes in the 500-unit condominium which located walking distance of Tiong Bahru mall and Tiong Bahru MRT Station. Kim Tian Road has not seen a new private housing launch in the past seven years which form a huge demand for home-buyers and investors. For Highline Residences located in Tiong Bahru’s central location and it’s heritage charm sought higher demand than some of the city fridge properties. It is expected […]

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ECs Sales Up

Date :August 18, 2017

Sales of executive condominium (EC) units had picked up drastically in July, thanks to the buoyant sales of Hundred Palms Residences in Hougang which encountered a complete sell out within the same day of its new launch. All of its 531 units were purchased well within just seven hours on the first day of the new launch condo sales and all this was done at a median price of $843 psf. As a results of such robust sales with resounding track records, developers sold nine hundred and seventy eight executive condominiums units, a resulting increase of three hundred and one […]

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High Bid At Bidadari

Date :June 15, 2017

The Housing and Development Board (HDB) had received twelve bids from property developers for a land tender at former cemetery site at Bidadari injecting life and rejuvenation into the area. The site with area of 273,842 square feet is a mixed development with both the commercial and residential elements incorporated. Singapore Press Holdings (SPH) and Kajima Development had jointly bid successfully for this site with its bid being $1.132 billion and this exorbitant price translates to $1,181 per square feet per plot ratio or psf/pr in short. Both Far East Civil Engineering and Sekisui House are the joint second bidder […]

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Schools and Home Prices

Date :June 13, 2017

Going to great length and walking an extra mile to get children into popular schools are what some Singaporean parents did in the second half of every year when the registration of Primary One school enrolment kicks in every year. This phenomenon by and large has affected the prices of homes with some new launch condo residential projects made much sought after by eager parents due to their close proximity to popular schools. There are altogether seven phases in the allocation system of Ministry of Education for registration of enrolment. The priority for first three phases namely 1, 2A(1) and […]

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Three New GLS Sites

Date :May 31, 2017

Residential sites for new condominiums were released for sales in the Government Land Sales or GLS in short , program. The specific sites for new launch condo released are located at Serangoon North Avenue 1, Woodleigh Lane and Yishun Avenue 9. As for all government land sales, all these sites are ninety nine years leasehold. These land sales were released on Tuesday, 30 May by Urban Redevelopment Authority or URA in short. Altogether these sites will yield a combined total of one thousand nine hundred and fifty five residential housing units for new condo launch projects. The site at Woodleigh […]

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Tampines Parcel C

Date :May 5, 2017

The tender for 2.17 hectare land for the Tampines Avenue 10 Parcel C new condo residential site had been closed after nine bids from the respective property developers were submitted according to the Urban Redevelopment Authority, URA. Bellevue Properties from City Developments Ltd or CDL in short has submitted the highest bids of $370.1 million for this Government Land Sales Program of this 99 years leasehold residential sites for new condo launch. With such high bid of $370.1 million, the price per plot ratio works out to be $565 per square feet. CDL spokesman said that the bidding exercise was […]

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