Property News

Property News – December 2022

31st December 2022

Year 2023 will have see about 50 new private residential development launches, more than 12,000 units …… full article here.

*Source from Zao Bao

30th December 2022

Private home prices set to rise at slower pace in 2023. Affordability will be a key concern among Singapore buyers grappling with rising rates and cost …… full article here.

*Source from Straits Times

29th December 2022

HDB resale maisonette in Jurong East transact at S$1million …… full article here.

*Source from Zao Bao

Increase in supply of private residential units will help to stablise prices …… full article here.

*Source from Zao Bao

Non-landed private home sale prices rebound in November 2022 …… full article here.

*Source from Zao Bao

Are property agents suppose to cover responsibilities of HDB or other relevant authorities in screening properties for sale? We have been handed many responsibilities which were handled by HDB etc but there is so much we can access or do …… full article here.

*Source from Zao Bao

28th December 2022

Private property market to stay resilient in year 2023, city-fringe to outperform …… full article here.

*Source from Business Times

Scenec Residence in Tanah Merah to open for Preview on 1st January 2023. Indicative prices range from S$958,000 for a one-bedroom unit to about S$2.99m for a four-bedroom unit…… full article here.

*Source from Business Times

HDB resale price growth could slow to 6%-8% in 2023. Two years of fast growth to be tempered by property curbs and boost in bto supply …… full article here.

*Source from Straits Times

27th December 2022

Golf club membership prices hit new highs, soar to S$500,000, on influx of foreign money …… full article here.

*Source from Straits Times

25th December 2022

Private home sales transactions are two-year low due to rising interest rates and lack of supply …… full article here.

*Source from Zao Bao

24th December 2022

HDB laucnhes HDB Avenue 11 and Plantation Close sites for tender …… full article here.

*Source from Business Times

Influx of new homes may ease rental pressures in 2023, but supply crunch looms. After 2023, there will be fewer private houses completed and new HDB supply will also tumble …… full article here.

*Source from Business Times

Tampines mixed-use mega plot and second Tengah EC sites up for sale …… full article here.

*Source from Straits Times

23rd December 2022

HDB ‘never stayed before’ BTO flats owner caught selling after MOP …… full article here.

*Source from Zao Bao

More new private home launches in 2023. This will help stablise private home rental market …… full article here.

*Source from Zao Bao

Singdollar set to end 2022 as Asia’s most resilient currency …… full article here.

*Source from Straits Times

22nd December 2022

BTO flats marketed as ‘never stayed in before’ listed for sale. HDB to investigate accordingly if owners found to have breached rules …… full article here.

*Source from Straits Times

Demand for EC to remain strong in 2023 …… full article here.

*Source from Zao Bao

21st December 2022

Expect price increase of 3% to 5% for smaller private residential developments next year …… full article here.

*Source from Zao Bao

20th December 2022

En bloc deadlock to continue in 2023. Situation exacerbated by factors such as high replacement cost for homeowners, uncertain macroeconomic conditions for developers and cooling measures …… full article here.

*Source from Business Times

19th December 2022

Singapore fixed mortage loan rate drop below 4% …… full article here.

*Source from Zao Bao

18th December 2022

Real estate in Singapore set to stay attractive to investors as safe-haven asset …… full article here.

*Source from Sunday Times

16th December 2022

New private home sales sink further in November amid holiday lull and lacks of major launches and thinning supply of unsold units …… full article here.

*Source from Business Times

GCB volumes next year expected to be similar to 2022 levels amid price gap …… full article here.

*Source from Business Times

Layoffs in Singapore rise t0 1,120 in Q3, driven by tech firm. Job cuts in other sectors remain low as vacancies fall for a second straight quarter …… full article here.

*Source from Straits Times

15th December 2022

Singapore Condo and HDB leasing volumes fall as November rentals climb …… full article here.

*Source from Business Times/Zao Bao

Economists see slower growth for Singapore next year, but growth forecast for this year upgraded even as global slowdown is cited as key risk …… full article here.

*Source from Straits Times

14th December 2022

Condo resale prices rise for 28th straight month in November though volume continue to decline …… full article here.

*Source from Business Times/Straits Times

13th December 2022

Slower growth, elevated inflation: Investment themes for next year will be focused on global economy rather than pressure from the rising interest rates. According to inestment officer, over the course of the second into the third quarter, inflation will become yesterday’s story …… full article here.

*Source from Business Times

Over the next 5 years, we will expect to see increase in number of millionaires worldwide …… full article here.

*Source from Zao Bao

11th December 2022

Be aware when you invest in overseas properties. Do your due diligent checks. Foreign real estates can be enticing, there may be pitfalls such as market conditions and other legal aspects on title deed and taxes …… full article here.

*Source from Sunday Times

10th December 2022

High end rent hit $15k for 3-bedroom condo in Orchard …… full article here.

*Source from Business Times

9th December 2022

HDB resale volumes recover slightly in November; prices inch up …… full article here.

*Source from Business Times

Government bumps up supply of private homes and office space in H1 2023. The move is seen as soothing robust private home demand and tight office market. Marina Gardens and Jurong Lake sites (including a Jurong East mega white site) among 7 new housing plots to go up for sale in H1 2023. Latest round of GLS Programme project number of private housing units, including ECs, rise to 4,090 units …… full article here.

*Source from Business Times/Zao Bao

6th December 2022

Sale of Marina South state land site could draw bids of S$1 billion. Parcel along Marina Gardens Lane can yield about 790 residential units and up to 8,073 sq ft of commercial space …… full article here.

*Source from Business Times/Zao Bao/Straits Times

Three-month compunded Sora crosses 3% for the first time since 2007, now stands at 3.0095% …… full article here.

*Source from Business Times

An ageing population is not a problem for the private residential market in Singapore. It can offer rich pickings for developers who are able to meet the needs of the growing ranks of affluent elderly who are able to live independently …… full article here.

*Source from Business Times

3rd December 2022

Higher property tax and higher annual value …… full article here.

*Source from Business Times

2nd December 2022

Singapore Residents’ real median income growth rises to 2.1% in 2022. This is due to strong nominal income growth outstripping inflation …… full article here.

*Source from Business Times

CPF interest pegs, interest rates for Ordinary, Special and Medisave Accounts remain unchanged …… full article here.

*Source from Business Times

1st December 2022

20% – 24% of first-time BTO applicants in mature estates get flat on first try …… full article here.

*Source from Business Times

Condo shop owner has right to reserved seat on council …… full article here.

*Source from Business Times

CDL post Q3 sales surge amid low inventory in unsold units …… full article here.

*Source from Business Times