Property News

Originally, the circuit breaker period—Singapore’s version of a Covid-19 lockdown—was supposed to last only four weeks from 7 April to 4 May. That was until the government decided midway to extend the restrictions by another month until 2 June, ordering non-essential...

The wealthy Chinese home buyers are back. Across China and in some of their familiar hunting grounds in Asia, affluent buyers are snapping up luxury housing, in many cases to guard their wealth against anticipated inflation and a weakening yuan. The rush to add real...

Rich Chinese investors are finding luxury real estate is a good hiding place from the economic fallout of the coronavirus. Across China and in some of their familiar hunting grounds in Asia, wealthy buyers are snapping up top-end housing, in many cases to guard their...

The world's biggest real estate investors are sitting on piles of cash, preparing for once-in-a-lifetime opportunities created by the coronavirus pandemic. With economies around the world sputtering, commercial real estate prices are expected to come down. How...

The news sounds surreal in the face of a global pandemic – new private home sales in Singapore jumped 57.3 per cent in February. Developers found buyers for 1,314 newly launched units that month, up 105.3 per cent from the 640 they sold in January and 187.5 per cent...

China's new home prices rose at a slightly faster pace in April, adding to signs that the country's property market is slowly recovering as coronavirus lockdowns are eased and the world's second-largest economy reopens. Average new home prices in China's 70...

Despite strict movement controls as part of the ‘circuit breaker’ measures from April 7, developers managed to sell 277 new private homes (excluding Executive Condominiums) during the month of April, based on the latest statistics from URA. “Buyers and Investors were...

In August, Mr Fawzi Jaafar will step into the three-room Housing Board resale flat in Ang Mo Kio he bought last month for the first time. The 40-year-old bus driver and his wife decided on the $230,000 resale unit after watching a pre-recorded home tour video shot by...

As Asia’s rich contemplate where to place their nest eggs, most have overwhelmingly chosen Singapore over rival international financial centre Hong Kong so far this year, according to the region’s largest wealth manager.   High-net-worth individuals have mainly...

Local actor Romeo Tan, who turned 35 last month, revealed on social media that he has bought an apartment unit at Marina One Residences. In an Instagram post last Friday (May 1), the Happy Prince (2020) actor posted a photo of the keys to his new digs, and another of...

The first weekend of April marked the launch of Kopar at Newton, where 77 units were sold at an average price of $2,350 psf. Other developers also used those first few days of April to push sales of their projects before the “circuit breaker” slammed the door on all...

It is clear that the “circuit breaker” measures is having an impact on the local residential property market. Anecdotally, most agents say many buyers are holding off purchases for the moment. However, caveats for the first two weeks of April show that some...

So the circuit breaker and the Covid-19 situation hasn’t diminished your need (or your desire) to buy or rent a property ASAP. But here’s the thing, you’ve never seen the property in person, and all you have to base your decision upon is a virtual property tour. But...

Residential home prices in China rose in March as pent-up demand after a period of lockdown during the height of the coronavirus supported sales. New-home prices in 70 major cities, excluding state-subsidised housing, gained 0.13 per cent in March from...

CapitaLand's wholly-owned lodging business unit, The Ascott, is providing accommodation for healthcare workers, returning nationals, guests affected by border closures or city lockdowns, migrant workers and others around the world who have been stranded due to...

Things seem crazy right now. In fact, things ARE crazy right now. Singapore is heading into its first recession in years and the Covid-19 situation is showing little signs of abating.  So while things are tough at the moment, this doesn't mean you should sit...

Real estate professionals are a resilient bunch. The ability to put a positive spin on even the worst of times is a skill most successful agents possess. So, what's their take on how the coronavirus will affect property markets? John McGrath, founder and executive...

Singapore 's residential property prices, which have weathered multiple cooling measures and an economic slowdown, are set to tumble as a result of the fast-spreading Covid-19 pandemic. Prices are expected to correct by as much as 8 per cent this year, because of weak...

The figure is believed to be the highest daily haul for a single luxury boutique in China. As China eases its coronavirus lockdown, retail shops are reopening for business. Some semblance of normalcy seems to be returning to the country, and wealthy shoppers are...

Singapore investment sales is forecast to grow 5% per year on average over 2019 to 2024, despite an expected 24% y-o-y decline in 2020, says Colliers Research. Based on advance estimates from the Ministry of Trade and Industry (MTI), Singapore’s Q1 GDP contracted by...