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Changes to support property counters

SINGAPORE — Shares of developers surged on Friday on the Singapore Exchange after the Government eased some housing market cooling measures and loan curbs, with analysts saying the changes will support property counters that have been weighed down by a three-year losing streak in home prices. Shares of Singapore’s largest listed developer CapitaLand jumped as […]

Pick up in private home sales in all market segments

SINGAPORE: Demand for new private residential homes has improved in the first half of 2017 as compared to the same period last year, largely driven by the perception that the market is bottoming out, according to analysts. The Urban Redevelopment Authority’s (URA) second quarter figures for the year showed the sale of new private residential units, excluding […]

More en bloc sales likely to take place?

SINGAPORE: The residential en bloc market seems to be picking up steam this year. With the sale of Serangoon Ville along Serangoon North Avenue 1 for S$499 million, the number of en bloc deals completed this year has increased to six, bringing the total value of such deals in 2017 to S$2.0 billion, a huge jump from […]

New EC promises smart-living technologies for residents

Smart technologies, such as facial recognition devices for access to gyms or mobile apps to book facilities or even control appliances are now must-have features in new condominiums. Future residents at Clement Canopy, launched on Saturday, will use a mobile app that integrates smart technology for their home and common areas in the estate. Other […]

Pent-up demand from buyers

SINGAPORE (BLOOMBERG) – Developers’ hunger for land is adding to signs that Singapore’s housing market is making a comeback after three years of price declines. As new home sales surge after an easing of property restrictions in mid-March, developers are becoming more aggressive in bidding at land auctions. On average, they have paid a 29 per […]

Developer optimistic about response for new project

Chinese developer Qingjian Realty will open its first mixed-use development, condominium Le Quest in Bukit Batok West, for preview this weekend. The average selling price for private homes at the 516-unit project is about $1,280 per sq ft, the developer said yesterday. Upcoming executive condo launches include Anchorvale Lane EC, Rivercove EC while existing ones include Parc Life, Signature at Yishun, Brownstone EC, Visionaire […]

New Bayshore district at East Coast

Home hunters could soon get a shot at new Housing Board flats with coveted sea views along Singapore’s East Coast. The Government is looking into creating a new Bayshore district, which includes 6,000 HDB flats – a huge change for the overwhelmingly private estate area located on reclaimed land. Another 6,500 units will be set […]

Palatable quantum key driver for healthy home sales

SINGAPORE – Sales of private homes by developers in Singapore fell 57.3 per cent in December from a month earlier, dropping to the weakest levels in 10 months, government data showed on Monday. Data compiled by the Urban Redevelopment Authority showed developers sold 367 units last month, compared with 860 units in November. That was […]