Property News – August 2022
31st August 2022
Close to 5,000 BTO flats launched in August, including 2 prime projects …… full article here.
*Source from Business Times/Straits Times
Pandemic’s tapering brings opportunities for Singapore to attract global capital and talents, but Singaporeans must be willing to accept some uncomfortable truth …… full article here.
*Source from Business Times
29th August 2022
New home prices and rental up. OCR region new homes more popular for buyers …… full article here.
*Source from Zao Bao
Indonesia’s tech billionaires eyeing Singapore for family offices. Number of Indonesian family offices in Singapore said to have risen by as much as 50% over the past 3 years …… full article here.
*Source from Business Times
Drop in appetite for private homes among some HDB owners. Fewer transaction in first half of the year amid property curbs and higher mortgage rates …… full article here.
*Source from Straits Times
New HDB BTO supply increase and resumption of construction has led to a drop in number of HDB resale transactions with COV …… full article here.
*Source from Zao Bao
28th August 2022
More BTO flats in non-mature estates for first timers. At least 95% of 4-room or larger BTO flats will be set aside for them …… full article here.
*Source from Sunday Times
AMO Residences frenzy sale boost July private home sale …… full article here.
*Source from Zao Bao
27th August 2022
Singapore housing deemed ‘relatively affordable’ in Aisa-Pacific. …… full article here.
*Source from Business Times
Global real estate poised to perform moving forward. It will be a long recovery road with some speed bumps …… full article here.
*Source from Business Times
26th August 2022
Prime freehold resale homes now available at new leasehold suburban prices. Gap at median unit prices between resale freehold CCR and new 99-year leasehold OCR units has been narrowing since 2021 …… full article here.
*Source from Business Times
Fraser Property to preview Sky Eden@Bedok on Aug 27; prices start from S$1.3m …… full article here.
*Source from Business Times
24th August 2022
Family office redefine philanthropy as they focus on making social impact. Singapore family office scene set to soar in sophistication …… full article here.
*Source from Business Times
Bukit Batok residential redevelopment land for sale at S$42m guide price. This could potentially yield 57 dwelling units based on latest URA guidelines …… full article here.
*Source from Business Times
Malaysia hopes to speed up revival of Singaprore-KL High Speed Rail, plans for extension to Bangkok …… full article here.
*Source from Business Times
23th August 2022
Paya Lebar Air Base relocation seen enhancing neighbouring condos’ en bloc prospects. Older buildings can be redeveloped and built higher after removal of building heights restriction …… full article here.
*Source from Business Times
Private home sales expected to rebound after “Ghost Festival” with more new launches coming up …… full article here.
*Source from Zao Bao
22th August 2022
Changi Airport Terminal 5 to be more pandemic-proof, energy-efficient. It can be split and operated as smaller sub-terminals, and will be ready for green, sustainable fuel …… full article here.
*Source from Business Times/Zao Bao
Paya Lebar Air Base move will allow redevelopment of nearby towns. 150,000 homes can be built in future Paya Lebar Town …… full article here.
*Source from Straits Times
21th August 2022
How rate hikes will impact property buyers. Impact is marginal for those buying HDB flats or new private homes, but others may feel the pinch more …… full article here.
*Source from Business Times
20th August 2022
Singapore property market is more corelated to employment and economic performace than interest rates. Read more to see why Singapore’s red-hot property market has been defying expectation of a slump …… full article here.
*Source from Business Times
With the construction beginning for new homes such as The Gazania and Lilium, and with the partial opening of new road to traffic in Bidadari, they bring new live to surrounding Bartley housing estate. …… full article here.
*Source from Straits Times/Zao Bao
19th August 2022
More GCB on market for sale …… full article here.
*Source from Business Times
Eco-friendly house can help you to save money on your home loan …… full article here.
*Source from Straits Times
18th August 2022
Singapore to have more millionaires per population than US and China in 8 years …… full article here.
*Source from Straits Times
Insights on how Singapore can secure its future as a global gateway city …… full article here.
*Source from Business Times
Telok Blangah House up for sale again at lower guide price …… full article here.
*Source from Business Times
11 stations in 3rd stage of TEL to start operating by end of this year, with another 2 stations to open when nearby housing is ready …… full article here.
*Source from Straits Times
17th August 2022
GCB in White House Park fetches S$45.5m or S$3,017 psf on land area …… full article here.
*Source from Business Times
16th August 2022
New private home sales up in July, driven by AMO Residence take-up. Home buyers may not feel the increase in monthly installments due to the progressive payment schedule for new launch private properties, and home loans tend to be smaller in the initial repayment period …… full article here.
*Source from Business Times
HDB new flats priced below market value, buyers can decide on furnishing and fittings …… full article here.
*Source from Straits Times
15th August 2022
HDB repossessd flats mostly due to payments default …… full article here.
*Source from Zao Bao
12th August 2022
Condo, HDB rents continue climb in July, but growth slows. Rental volumes also rise month on month for condos and HDB flats, but are lower on a year on year basis …… full article here.
*Source from Business Times
Singapore not expected to face recession despite downward revision of Q2 growth …… full article here.
*Source from Business Times
11th August 2022
Singaproe a bright spot as APAC property deal activity slows in Q2. Singapore investment volume rose …… full article here.
*Source from Business Times
Condo resale prices rise for 24th straight month in July but number of transactions falls as compared to June …… full article here.
*Source from Straits Times
Farrer Road’s Sutton Place up for en bloc sale …… full article here.
*Source from Business Times
3 ex-school campuses to be cleared for housing projects at Upper Changi and Teban Gardens …… full article here.
*Source from Straits Times
10th August 2022
More news on en bloc. Collective sales returning to the market, seemingly with a vengence. Take a look at where these en bloc developments are located …… full article here.
*Source from Business Times
9th August 2022
En bloc market picking up momentum as developers seek to replenish land bank. They would likely proceed with caution, factoring downside risks that include a US-led recession and climbing interest rates …… full article here.
*Source from Business Times
Singapore’s safe haven status amplified as geopolitical risks rise. Its economic resilience through black swan events and long track record of prudent fiscal and monetary policies help reassure markets …… full article here.
*Source from Business Times
7th August 2022
Colonial-era bungalow to be part of new Yishun estate. It will be developed into HDB residential area …… full article here.
*Source from Sunday Times
6th August 2022
Singapore-Johor High Sped Rail expected to complete in 2026. With the opening of Woodlands North MRT Station, property transaction activity expected to increase …… full article here.
*Source from Zao Bao
Raw construction material cost up in Q2 2022, but expected to stablise …… full article here.
*Source from Zao Bao
Yishun BTO flats narrow beam poses challenge for air-conditioners installation …… full article here.
*Source from Zao Bao
5th August 2022
Asia-Pacific property investment down 17% in H1 as tightening rate cycle, inflation hit deals. But Singapore and Hong Kong were the only markets to register a growth in transaction volume. Other than South Korea which was flat, most markets in the region saw deal activity drop …… full article here.
*Source from Business Times
Ultra-rich Chinese eyeing move to Singapore, generating US$2.4b inflows …… full article here.
*Source from Business Times
HDB resale deals jump 10.5% in July; prices inch up as market moderates. Flats located in non-mature estates continued to lead resale volumes, comprising more than half of the transactions …… full article here.
*Source from Business Times/Zao Bao
4th August 2022
Singapore is expecting approximately 500 ultra high net worth migrants from China this year …… full article here.
*Source from Zao Bao
3rd August 2022
CPF interest rate floors being maintained …… full article here.
*Source from Business Times
Ang Mo Kio SERS replacement flats location not ideal and prices on the high side …… full article here.
*Source from Zao Bao
Alibaba’s joint-venture project with Perennial-led group will be Singapore’s tallest building. URA has approved a 63-storey development with nearly 1.6 million square feet GFA, comprising offices, some retail space, 215 apartments and a 11-suites hotel …… full article here.
*Source from Business Times
Foreign buyers boosting property transaction volume in Q2 since borders reopen …… full article here.
*Source from Zao Bao
1st August 2022
An executive flat in Hougang Blk 852 transacted at more than S$1.07 million …… full article here.
*Source from Zao Bao
2 blocks of rental flat in Lor 5 Toa Payoh making way to new flats …… full article here.
*Source from Zao Bao