Property News
Property News – April 2023
30th April 2023
Buyers snapped up 75% of units at condo launch despite ABSD hikes. Condo launch see brisk sale …… full article here.
*Source from Sunday Times
The dangers of dodging ABSD. Trying to avoid ABSD can be costly. Investors who exploit ABSD loopholes have more to lose than gain …… full article here.
*Source from Sunday Times
As more tenants shift downstream for cheaper accommodation, demand for some 5-room HDB flat rent rise above S$6,000 …… full article here.
*Source from Sunday Times
New private home sales for March 2023 …… full article here.
*Source from Zao Bao
Private residential developments obtaining TOP …… full article here.
*Source from Zao Bao
29th April 2023
More streamlined process for buyers of HDB flats from 9th May 2023 …… full article here.
*Source from Straits Times/Zao Bao
Landed homes post bigger price and rental gains in Q1 versus condos and private apartments …… full article here.
*Source from Business Times
Singapore central office rents rise further in Q1 2023 …… full article here.
*Source from Business Times
HDB resale flat prices grow slower in Q1 on higher inventory, slowest pace in 2 and half years …… full article here.
*Source from Business Times/Straits Times
28th April 2023
ABSD shock seen hitting prime housing market hardest …… full article here.
*Source from Business Times
Private home prices look set for a welcome correction amid higher ABSD rate …… full article here.
*Source from Business Times
ABSD hike is a pre-emptive measure to crimped renewed investment demand …… full article here.
*Source from Business Times
Rents of Singapore Industrial Space up for 10th straight quarter …… full article here.
*Source from Business Times
Some Chinese news articles on latest ABSD hikes…… full article here.
*Source from Zao Bao
27th April 2023
Resale condo prices and volumes up for 2nd month straight …… full article here.
*Source from Business Times
New measures in…Singapore hikes residential property ABSD, doubles foreigner rate to 60% …… full article here.
*Source from Business Times
HDB rents and volumes rise in March as condo market dips …… full article here.
*Source from Business Times
IRAS offers reward for info on those who tap on loophole of 99-1 deals to dodge ABSD. Whistle-blowers who call out 99-1 or similar deals can get up to S$100K per case …… full article here.
*Source from Straits Times
26th April 2023
Condo resale prices rise again in March, up 1.4% month-on-month …… full article here.
*Source from Business Times
Commercial shophouse sales in Q1 fall to lowest in nearly 3 years …… full article here.
*Source from Business Times
25th April 2023
Distressed property listings jump in Q1 as bankruptcies rise …… full article here.
*Source from Business Times
24th April 2023
Loss-making home resale deals hit five-year low …… full article here.
*Source from Business Times
Mid-term mortgage floor limit raised, lowering the low quantum of mortgage loan. But property prices are not expected to drop soon …… full article here.
*Source from Zao Bao
21st April 2023
Hoi Hup and Sunway launch The Continuum at prices starting from S$2,580 psf. This freehold development on Thiam Siew Avenue off Tanjong Katong Road was acquired at a collective sale in 2022 …… full article here.
*Source from Business Times
0.5% of private residential property sales involve 99-to1 or similar deals. Structuring deal in this manner allows parties involved to reduce ABSD on purchase of property …… full article here.
*Source from Business Times
Property owners seeking refinancing while fixed mortgage loan rates are lower now as compared to floating rates …… full article here.
*Source from Zao Bao
Asia-Pacific investors the biggest source of funds for real estate investment in 2022 …… full article here.
*Source from Business Times
21st April 2023
ECs among top percentage gainers in Q1 resale deals. Biggest losers were properties bought during 2012-2013 market peak …… full article here.
*Source from Business Times
GLS bids for lands might go lower but prices of private homes from new launches might not be affected …… full article here.
*Source from Zao Bao
Singapore is expected to attract close to 3500 high net worth individuals as new citizens …… full article here.
*Source from Zao Bao
18th April 2023
The rationale and risks of owning 1% in a Singapore private home …… full article here.
*Source from Business Times
Buying sentiment turn cautious as Q1 new home sales fall below that of last year …… full article here.
*Source from Business Times
New private home sales up in March, driven by The Botany at Dairy Farm …… full article here.
*Source from Straits Times/Zao Bao
17th April 2023
More foreign firms drawn to Singapore despite rising rentals and costs …… full article here.
*Source from Straits Times
15th April 2023
Singapore ranks as world’s best place to do business for 15th straight year …… full article here.
*Source from Straits Times
The opening of Thomson-East Coast MRT line (TEL) has boosted property transactions in Outram vicinity …… full article here.
*Source from Zao Bao
13th April 2023
More GLS sites in Lentor on sale. Will Guocoland win all? …… full article here.
*Source from Business Times
EL development to launch Blossoms By The Park in the range of S$2,200 to S$2,400 psf range. This works out to about S$1.3m for a 1+Study …… full article here.
*Source from Business Times
12th April 2023
*Source from Straits Times
Developers of BUC are confident to sell off all units before ABSD due date …… full article here.
*Source from Zao Bao
10th April 2023
Tembusu Grand at Tanjong Katong sold 53% on launch weekend with an average selling price of S$2.465 psf …… full article here.
*Source from Business Times
More contractors facing bankruptcy due to high construction costs …… full article here.
*Source from Zao Bao
More sites in Woodlands and Sembawang to make way for housing …… full article here.
*Source from Straits Times
9th April 2023
Over 280 landlords caught by IRAS for under-reporting rental income. More than 450 landlords were audited …… full article here.
*Source from Sunday Times
8th April 2023
Hybrid mix of BTO sales and rental flats helps create an inclusive living environment …… full article here.
*Source from Zao Bao
More than 4,000 EC units will obtain MOP this year with owners selling to cash out. But this should not affect EC new launches due to its price and availability of CPF Housing Grants …… full article here.
*Source from Zao Bao
7th April 2023
HDB resale prices rise 0.5% in March. Record number of million-dollar 4-room flats change hands, with 9 such units transacted in the month …… full article here.
*Source from Business Times
IRAS probing property transactions for stamp duty tax avoidance. It is looking into ‘various forms of property holding arrangements’ including so-called ’99-to 1′ deals …… full article here.
*Source from Business Times
Surge in ultra-rich Taiwanese keen to set up family offices in Singapore. They are looking to protect wealth as Taiwan becomes a flashpoint worsening US-China relations …… full article here.
*Source from Straits Times
6th April 2023
Big jump in HDB resale flats sold between S$800k to S$999k during pandemic …… full article here.
*Source from Straits Times
GuocoLand is emerging as ‘King of Lentor’ with the latest addition …… full article here.
*Source from Business Times
5th April 2023
GuocoLand-Hong Leong Holdings tie-up is soles bidder for Lentor Gardens site at URA tender, lowest bid among five sites in Lentor. Looks like another Guoco city is coming up after Bugis …… full article here.
*Source from Business Times
Singapore is top Asian Smart City, ranked 7th worldwide, in areas such as access to quality education …… full article here.
*Source from Straits Times
4th April 2023
Private home prices accelerate in Q1, rising on low volume. Increase comes after several major launches and surge in sales of new homes at fresh benchmark prices …… full article here.
*Source from Business Times
HDB Q1 resale prices inch up in slowest quarterly growth since 2020 …… full article here.
*Source from Business Times
Chinese buyers transferring funds into Asia after Covid19 restriction relaxes …… full article here.
*Source from Zao Bao
2nd April 2023
Probe into home buyers who used 99-1 loophole to purchase property to avoid paying ABSD …… full article here.
*Source from Sunday Times
1st April 2023
Dramatic jump in private residential rent last year boosted yield for many owners. Rental gains outpace price increases …… full article here.
*Source from Business Times