Market values of new Build-to-Order (BTO) flats are determined by prices of comparable resale flats nearby, individual attributes of the flat and prevailing market conditions, said National Development Minister Desmond Lee in Parliament on Wednesday (Oct 14).
Developer also booked $99.5m in impairment losses for its hotels and investment properties.
Prices of private property in Singapore actually rose last year even amid the country's worst recession.
Living in these condominiums will “transport” you to another country in an instant.
Second Minister for National Development Indranee Rajah urged developers to remain prudent in their land bidding and not overextend themselves financially.
Local homeowners reveal how they choose the best unit, score good deals and save money.
Construction works have resumed at a total of 89 Build-To-Order (BTO) sites as of Monday, said Minister for National Development Desmond Lee on Friday (Aug 21).
Mr Lee said property developers should remain prudent in land bidding and work with agents to market their projects responsibly.
The Growth and Transformation Scheme for the sector will require developers to work closely with their consultants, contractors and suppliers to level up as an ecosystem or value chain.
Landed public housing in Singapore? Yes, they exist. If you’re lucky enough to snag one of these Housing and Development Board (HDB) terrace flats, you can expect an abundance of space spread over two storeys and a nice private garden.
While Housing Board (HDB) resale volume dipped in October compared to the previous month, prices continued to rise, indicating that demand remained relatively robust amid the Covid-19 pandemic.
PropertyGuru, the Singapore online real estate firm backed by private-equity firms KKR & Co and TPG Capital, is considering a US listing through a merger with a special purpose acquisition company (Spac), according to people familiar with the matter.
The 40-year-old Chong Pang City neighbourhood centre will get a rejuvenation in the form of a new integrated development with a community club, market and hawker centre, and facilities such as swimming pools and shops.
A review of strata-titled redevelopment and how processes might change to better serve buyers and sellers alike.
Possible steps could include a tweak in additional buyer stamp duties and tightening of mortgage terms.
It is a question on the minds of couples looking to buy their first home: Pull out all the stops for your dream home or get something cheaper? Dawn Cher lays out her view.
The number of Housing and Development Board (HDB) flats sold in the resale market in the third quarter rose by 127.3 per cent after the lifting of Singapore's "circuit breaker" in June.
The cumulative government grants provided to HDB since its establishment in 1960 now stands at $36.22 billion.
According to URA, the Beauty World precinct is envisioned to be a green urban village that will be a centre of community life and southern gateway into Bukit Timah's nature attractions.
A cluster of 12 heritage bungalows in Rochester Park in Buona Vista will house a mix of office, retail and food outlets as part of a new integrated development to be built by the end of next year.
Upgraders to ECs currently get ABSD remission; they are given six months to dispose of their HDB flats after getting key to new EC unit
PROPERTYGURU, the Singaporean online real-estate firm backed by private-equity firms KKR & Co and TPG Capital, is considering a US listing through a merger with a special-purpose acquisition company (SPAC), said people familiar with the matter.
More market observers are expecting the Singapore Government to step in to cool the private residential market, while spiking construction costs have overtaken economic woes as the top potential risk factor that may temper sentiment in the next six months.
THE Singapore Housing and Development Board (HDB) on Thursday unveiled a roadmap that centres on planning and designing HDB towns that will contribute to the overall health and well-being of its residents.
$748m in proximity grants given to about 40,200 households since August 2015
The Housing and Development Board (HDB) said on Wednesday (Aug 12) it has launched more than 7,800 new flats for sale, including the first batch of units near Singapore's first car-free town centre in Tengah
BTO or resale? What happens to a flat when the 99-year lease is up? And why are newer flats smaller?
Focus on capital preservation throughout the Covid-19 pandemic has driven many investors to divert their monies to real estate properties in property hot spots such as Singapore.
Observers say the recent sizzling sales momentum at Normanton Park and The Reef at King's Dock could be a catalyst for intervention.
Housing Board carparks in public housing estates are provided primarily to serve the parking needs of residents.
The 558-unit Midtown Modern condominium in Tan Quee Lan Street in Bugis will go on sale in about two weeks.
ABOUT 280 of the 300 residential units offered at The Reef at King's Dock were sold over the Jan 30-31 weekend launch, joint developers Mapletree Investments and Keppel Land said on Sunday.
The coronavirus pandemic has presented potential home buyers like Hong Konger Matthew Lai with an opportunity to take a stab at the world's most unaffordable housing market.
The extra time given to developers is among a slew of temporary relief measures rolled out earlier this week
Singapore's Deputy Prime Minister and Finance Minister Heng Swee Keat warned that low interest rates can lead to distortions in asset prices, amid speculation that the Government may take fresh steps to cool the housing market.
Prices for non-landed homes on the island have tumbled almost 40% since the peak around 2010, but locals still prefer freehold property in prime districts on the mainland
On Feb 19, Deputy Prime Minister Heng Swee Keat told Bloomberg TV that the Government has no plans to ease property cooling measures amid the ongoing Covid-19 outbreak which has threatened to develop into a global pandemic
Hong Leong says timing and sensitive pricing among main factors for the positive response
SINGAPORE'S economy was hit hard in 2020 as Covid-19 paralysed the world and shrank Singapore's GDP by a post-independence record of 5.8 per cent.
Fears of new cooling measures hitting the private housing market and soaring construction costs have emerged as the chief concerns of property market players.
The 3.2 hectare site in Upper Bukit Timah can yield 865 private housing units, which can be flats or serviced apartments, or a combination of both.
Before making probably the biggest financial commitment of your life, answer these questions first to avoid wrecking your relationships with your spouse, parents and the in-laws.
Buyers can soon submit documents and be assessed for grants, loans in one application
Home sales in Singapore so far in this pandemic-ravaged year have exceeded expectations amid a lower-for-longer rates environment and a still-low unemployment rate - a phenomenon also playing out in some other countries
More private non-landed homes were sold in June compared with May, while prices held steady for a third consecutive month
Inspired by Chinese courtyard houses, the Singapore businessman built a multigenerational home that embraces family, heritage and nature.
A REVIEW of wealth taxes to fund growing recurrent spending could centre on property taxes, with cooling measures potentially adjusted in tandem, say tax analysts.
Private and public home prices increased in the third quarter of 2020, according to official estimates. Analysts say the price increases reflect the property market’s resilience amid a recessionary outlook. Michelle Teo reports.
Despite the pandemic-led economic downturn, the Singapore private residential sector - particularly the mass market and even the mid-tier segment - has displayed strong resilience, thanks to robust local end-user demand and Housing Development Board (HDB) upgraders.
Two-room flexi flats have proved popular with older buyers, with more than half of them aged 55 and above, figures revealed on Saturday (Feb 27).
Development charges (DC) for commercial land use have decreased while those for residential land use were raised, with the largest increases in prime areas such as Orchard Boulevard, Stevens Road, River Valley Road and Bukit Timah Road.
Popular residential areas such as Paya Lebar, Buona Vista, and Jurong East are becoming decentralised commercial nodes.
Slightly more than 1,400 families will be the first to live in smart-enabled Housing Board flats in Punggol Northshore by the end of this year.
Experts say Toa Payoh Ridge likely to be most popular, with proximity to 2 MRT stations
The construction of Build-To-Order (BTO) flats will be quickened after the circuit breaker measures are lifted to keep projects on track, the Housing Board told The Straits Times on Thursday (April 9).
Tapering supply of housing and developing infrastructure in the RCR to drive up demand, catalyse price growth.
More than 20 expensive bungalows in Singapore, worth nearly half a billion dollars, have been sold so far this year. Observers say the luxury housing market is still holding up, but it will not be enough to match full-year figures seen in previous years. Kelly Wong reports.
The Business Times
Home sales in Singapore so far in this pandemic-ravaged year have exceeded expectations amid a lower-for-longer rates environment and a still-low unemployment rate - a phenomenon also playing out in some other countries
The Business Times
Despite the pandemic-led economic downturn, the Singapore private residential sector - particularly the mass market and even the mid-tier segment - has displayed strong resilience, thanks to robust local end-user demand and Housing Development Board (HDB) upgraders.
The Business Times
Focus on capital preservation throughout the Covid-19 pandemic has driven many investors to divert their monies to real estate properties in property hot spots such as Singapore.
The Business Times
Tapering supply of housing and developing infrastructure in the RCR to drive up demand, catalyse price growth.
The Business Times
Popular residential areas such as Paya Lebar, Buona Vista, and Jurong East are becoming decentralised commercial nodes.
The Business Times
A review of strata-titled redevelopment and how processes might change to better serve buyers and sellers alike.
CNA Lifestyle
Living in these condominiums will “transport” you to another country in an instant.
CNA Lifestyle
Landed public housing in Singapore? Yes, they exist. If you’re lucky enough to snag one of these Housing and Development Board (HDB) terrace flats, you can expect an abundance of space spread over two storeys and a nice private garden.
CNA Lifestyle
Local homeowners reveal how they choose the best unit, score good deals and save money.
CNA Lifestyle
Before making probably the biggest financial commitment of your life, answer these questions first to avoid wrecking your relationships with your spouse, parents and the in-laws.
CNA Lifestyle
BTO or resale? What happens to a flat when the 99-year lease is up? And why are newer flats smaller?
Channel News Asia
Inspired by Chinese courtyard houses, the Singapore businessman built a multigenerational home that embraces family, heritage and nature.
Channel News Asia
Prices of private property in Singapore actually rose last year even amid the country's worst recession.
Channel News Asia
The number of Housing and Development Board (HDB) flats sold in the resale market in the third quarter rose by 127.3 per cent after the lifting of Singapore's "circuit breaker" in June.
Channel News Asia
Market values of new Build-to-Order (BTO) flats are determined by prices of comparable resale flats nearby, individual attributes of the flat and prevailing market conditions, said National Development Minister Desmond Lee in Parliament on Wednesday (Oct 14).
Channel News Asia
Private and public home prices increased in the third quarter of 2020, according to official estimates. Analysts say the price increases reflect the property market’s resilience amid a recessionary outlook. Michelle Teo reports.
Channel News Asia
More than 20 expensive bungalows in Singapore, worth nearly half a billion dollars, have been sold so far this year. Observers say the luxury housing market is still holding up, but it will not be enough to match full-year figures seen in previous years. Kelly Wong reports.
Channel News Asia
It is a question on the minds of couples looking to buy their first home: Pull out all the stops for your dream home or get something cheaper? Dawn Cher lays out her view.
The Straits Times
The 558-unit Midtown Modern condominium in Tan Quee Lan Street in Bugis will go on sale in about two weeks.
The Straits Times
The Growth and Transformation Scheme for the sector will require developers to work closely with their consultants, contractors and suppliers to level up as an ecosystem or value chain.
The Straits Times
Housing Board carparks in public housing estates are provided primarily to serve the parking needs of residents.
The Straits Times
Singapore's Deputy Prime Minister and Finance Minister Heng Swee Keat warned that low interest rates can lead to distortions in asset prices, amid speculation that the Government may take fresh steps to cool the housing market.
The Straits Times
PropertyGuru, the Singapore online real estate firm backed by private-equity firms KKR & Co and TPG Capital, is considering a US listing through a merger with a special purpose acquisition company (Spac), according to people familiar with the matter.
The Straits Times
More market observers are expecting the Singapore Government to step in to cool the private residential market, while spiking construction costs have overtaken economic woes as the top potential risk factor that may temper sentiment in the next six months.
The Straits Times
Hong Leong says timing and sensitive pricing among main factors for the positive response