Property News
Property News – February 2023
28th February 2023
Condo resale prices fall for the first time in over two years …… full article here.
*Source from Business Times
HDB to launch more BTO flats in mature estates in 2023 …… full article here.
*Source from Straits Times/Zao Bao
27th February 2023
Terra Hill at Pasir Panjang sold more than one-third at launch after BSD hike …… full article here.
*Source from Business Times/Zao Bao
26th February 2023
New home sales volume up in Janaury 2023 with new launches …… full article here.
*Source from Zao Bao
District 10 new condo offers S$110k discount to offload stock as ABSD deadline for developers draw near …… full article here.
*Source from Sunday Times
25th February 2023
Nearly 30 residential projects face critical sales deadline in 2023. Developers face hefty stamp duty payment if balance inventory not cleared by 5-year milestone …… full article here.
*Source from Business Times
23rd February 2023
Bukit View Primary School moving towards Bukit Batok West and Tengah town. This will boost property prices in Tengah and Bukit Batok West …… full article here.
*Source from Straits Times
Read more info on property purchase and investment on Business Times Property 2023 …… full article here.
*Source from Business Times
22nd February 2023
China buyer buys duplex penthouse at Klimt Cairnhill for close to S$30m last week, just a day before Buyer Stamp Duty increase …… full article here.
*Source from Business Times
Redevelopment in Jurong Lake District brings about en bloc craze in the vicinity …… full article here.
*Source from Zao Bao
20th February 2023
Rental market stays strong, boosted by influx of wealthy foreigners …… full article here.
*Source from Zao Bao
19th February 2023
1st private home launch at The Botany @ Diary Farm attracted thousands of potential buyers …… full article here.
*Source from Zao Bao
18th February 2023
The Botany @ Dairy Farm – 1st new private new home preview after Buyer Stamp Duty hike. Developer will not be adjusting prices to the new homes despite recent increase in BSD …… full article here.
*Source from Zao Bao
17th February 2023
Some 10,000 first-timer households will benefit from increased housing grants. The move is expected to have limited effect on HDB resale flat prices …… full article here.
*Source from Business Times/Zao Bao
Sim Lian launches its private development project – The Botany @ Dairy Farm – from S$998,000 …… full article here.
*Source from Zao Bao
Government is propelling Singapore to move forward with poise and confidence with Budget 2023 …… full article here.
*Source from Business Times
*Source from Zao Bao/Straits Times
Singapore house-cleaning its tax system with the increase in Buyer Stamp Duty and new wealth tax …… full article here.
*Source from Straits Times
16th February 2023
New private home sales rebound in January after previous’ month dip …… full article here.
*Source from Business Times
Effect of increase in CPF housing grant on HDB resale flat expected to be minimum …… full article here.
*Source from Zao Bao
15th February 2023
Higher grant for first-time HDB resale flat buyers and extra BTO ballot for some applicants …… full article here.
*Source from Straits Times
More progressive tax changes to help fund social support. Those with greater needs will receive more; with the budget focusing on assistance for parents and lower-income groups …… full article here.
*Source from Business Times
*Source from Straits Times/Zao Bao
Singapore property market is still safe haven with buyers’ stamp duty hike …… full article here.
*Source from Business Times
Summary of details for Budget 2023 …… full article here.
*Source from Zao Bao/Straits Times
Non-residents from China accounted for only 1% of private property transactions in 2022 …… full article here.
*Source from Straits Times
13th February 2023
More HDB households opt for lease-buyback-scheme to cash out for retirement …… full article here.
*Source from Business Times
3-bedroom and 4-bedroom private condo shrinking in sizes to make them more affordable to aspiring home owners …… full article here.
*Source from Zao Bao
Freehold condos for under S$600,000 still exist in hot market. They are the ‘shoebox’ units with sizes ranging from 3xx sq ft to lower 4xx sq ft. …… full article here.
*Source from Straits Times
11th February 2023
*Source from Business Times
Three properties up for en bloc with one sold! UOL ad Singapore Land joint venture to buy this freehold development …… full article here.
*Source from Business Times/Straits Times
10th February 2023
HDB resale prices accelerate in January as million-dollar deals surge. We see upgraders in the market turning to HDB resale market amid rising private home prices …… full article here.
*Source from Business Times
More en blocs out in the market as private home prices up and supply dwindle …… full article here.
*Source from Business Times
*Source from Business Times/Straits Times/Zao Bao
Singapore pulls in record S$22.5b in fixed asset investments in 2022. …… full article here.
*Source from Business Times
9th February 2023
Sutton Place, another development in District 10, trying of en bloc again after 2 successful attempts …… full article here.
*Source from Business Times
8th February 2023
Shorter leases and tax on profits among ideas mooted by MPs to lower HDB flat prices …… full article here.
*Source from Straits Times
Rents in Singapore catching up with those in Hong Kong. Rents here are expected to soar on limited supply even as Hong Kong grabbles with falling demand …… full article here.
*Source from Zao Bao/Straits Times
New 40-storey project to boost housing supply in Jurong Lake District on current JCube site. …… full article here.
*Source from Business Times
Holland Towers on market with S$76m guide price. This will help with dwindling supply of residential units in District 10 …… full article here.
*Source from Business Times
Singapore and Dubai to lead price growth in prime residential markets …… full article here.
*Source from Straits Times
7th February 2023
Luxury property deals take a dip in Q4, but outlook remains strong …… full article here.
*Source from Business Times
First timers buying HDB resale flats could get more support …… full article here.
*Source from Straits Times
6th February 2023
Supply of mass market private condo units increase in Q1 2023 …… full article here.
*Source from Zao Bao
Local banks adjusting fixed-deposits interest rates downwards. Buyers purchasing property looking at fixed-rate loan package should consider shorter fixed-rate term …… full article here.
*Source from Zao Bao
3rd February 2023
*Source from Business Times
Fed move won’t ease price pressures in Singapore. With two more US rate hikes expected, interest rates here could climb soon …… full article here.
*Source from Straits Times
1st February 2023
Condo and HDB lease volumes rebound in December on fear of further rent hikes …… full article here.
*Source from Business Times
*Source from Business Times
Super-rich Chinese eye Singapore as ideal place to park wealth. Fresh influx since 2021 as many became disillusioned with China’s Covid-19 policies …… full article here.
*Source from Straits Times
GuocoLand’s Midtown office tower is 80% pre-committed. This shows confidence in Singapore’s economy…… full article here.
*Source from Straits Times