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Property News

Bringing You The Latest Property News In Singapore

Condo resale volume up 17% in March

Condo resale volume up 17% in March

Resale of private non-landed homes shot up 17 per cent from February to March although prices barely moved, according to flash data yesterday. But the year-on-year numbers are far more sobering: Transactions were down 13 per cent on the same month last year and 21 per...

One Pearl Bank: A gem for investors

One Pearl Bank: A gem for investors

Buying a property is only half the battle fought. Property buyers and investors are well-acquainted with the next part: getting the home move-in ready. Renovation and fitting out the house constitute a time-consuming project, involving frequent checks on contractors...

How the Resilience Package could help the SG property market

To cushion the Covid-19 blow, the Singapore government just put together a massive $55 billion stimulus package called the Resilience Package. That’s the second biggest amount we’ve seen since the 2009 Global Financial Crisis. To put things in perspective, $55 billion...

New private home sales in Singapore jumped 57.3 per cent in February

Singapore’s new home sales in February surged more than 114 per cent from a year ago, defying the coronavirus outbreak and a looming global recession. Posting the second-strongest February sales performance in eight years, developers moved 975 private homes – up 57.3...

Around 600 People Visited Tedge Showflat Despite Virus Concerns

Tedge, Macly Group’s mixed-development project in District 14, attracted around 600 people during its first weekend of opening its showflat on 29 February and 1 March despite COVID-19 concerns. “We are very encouraged by the response of the visitation of the showflat...

Gov’t To Invest $60bil For Renewal And Expansion Of Rail Network

Gov’t To Invest $60bil For Renewal And Expansion Of Rail Network

After experiencing several high-profile rail operations disruptions, the government will invest over $60 billion in the renewal and expansion of its rail network in the next decade. “The hard lesson learnt by the problems earlier faced by SMRT is that we must invest...

Wallich Residence penthouse sold at record high

At Wallich Residence, the tallest skyscraper in Singapore at 290m above sea level, prices have soared to new heights, defying both gravity and the coronavirus, it seems. That feat was achieved by a Taiwanese businesswoman who paid $17.5 million in January for a 3,509...

Long-term property investor sentiment positive amid virus outbreak

Despite macroeconomic challenges and the highly unpredictable nature of the coronavirus outbreak, longer-term investor sentiment remains “extremely positive”, says Stuart Crow, CEO of capital markets in Asia Pacific at JLL. “We foresee investor strategies becoming...

Easing Singapore property curbs not on radar: DPM Heng

SINGAPORE has no immediate plans to ease property curbs, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Wednesday, amid renewed calls by developers to loosen a measure that penalises them if they fail to complete and sell new projects within five...

Survey: Property seekers still keen despite COVID-19

SINGAPORE Feb 21 -- Property seekers in Singapore are still open to buying property despite the COVID-19 outbreak. Of the 177 respondents to EdgeProp’s Property Ownership Survey in response to the coronavirus conducted on Feb 7, 2020, 38.4% said they are looking to...

New home sales in January up amid global economic uncertainty

New home sales held their own in January amid the volatile global economic climate and the coronavirus outbreak in the latter part of the month. Developers sold 618 private homes - up 14.9 per cent from the 538 moved in December, and 41 per cent ahead of the 437 units...