Property News – March 2025

10th March 2025

More than 1,000 private homes sold at 3 launches in one weekend, with 93% of Lentor project taken up, Aurelle At Tampines EC is almost 90% sold …… full article here.

*Source from Business Times

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9th March 2025

Private resale homes’ demand will remain high. Take a look at why …… full article here.

*Source from Straits Times

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8th March 2025

Will pegging BTO flat prices to construction costs take Singapore backward? Do make a calculation on the number of times the BTO flat prices are now compared to salary? And do use an average family’s salary instead to be fair and just. If it is pegged to construction cost, what will be the effect? …… full article here.

*Source from Straits Times

Are agents employed as ICA, police or officers from government agencies? Is it adequate for agents to be performing in this role when the so called specific and clear guidelines are very vague? And most importantly, agents are not trained and paid for such a sensitive role? Which government agency and where are the people who are paid to do such job?

Agents are independant contractors. Agents’ income has been “cut”, with no specific policies to protect agents’ income but only grey guidelines. Yet, agents have to be penalised if money launderers get through loopholes and escape. Should this be landed on agents’ shoulders? There are a few layers of screening from more adequate parties before this matter becomes an issue. So why and how has such sensitive matter ended up in agents’ territory and become agents’ responsibility? Of course, there are also some black sheeps among agents who will take advantage of such situation for their benefits. Still, is it adequate to land such responsibility on agents? …… full article here.

*Source from Business Times

Is private home prices under $1m era over? We are seeing very few or very limited private new property launches with prices below $1m. Those who purchased their properties few years back may not see those price range coming back under normal circumstances …… full article here.

*Source from Zao Bao

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6th March 2025

First Mount Pleasant BTO flats to be launched in October …… full article here.

*Source from Business Times

HDB resale flat prices will stabilise as more flats enter market …… full article here.

*Source from Straits Times

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5th March 2025

New hawker centres to open in Bukit Batok West and Punggol Coast …… full article here.

*Source from Straits Times

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3rd March 2025

More EC units resold for $1m profit in 2024. This show the high demand and increasing popularity of ECs and their potential. 2 new EC to be expected in Tampines at good location. Contact us now for more information …… full article here.

*Source from Straits Times