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

Buyer Stamp Duty increase is not stopping new private home launches. It is a mean to redistribute, making it more expensive to invest in high-end properties while taming the buying frenzy, protecting the mass market ans HDB dwellers …… full article here.

*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

Buyers’ Stamp Duty hike will raise additional revenue but unlikely to hurt property demand. The increase might hit harder in the en bloc market where the higher duties could widen the current expectations gap between buyers and seller …… full article here.

*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

Preview of Terra Hill has started. This freehold residential development is a rare gem which is just 350m from Pasir Panjang MRT station. For more information and preview appointment, contact us now! …… full article here.

*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

ACS from Barker announced relocating to Tengah. More schools are also expected to open or relocate to west. This move is expected to boost property prices of Tengah and its vicinity by approximately 15%. This is good news to buyers who bought units in Copen Grand …… full article here.

*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

Singapore property market braces for surging Chinese demand and immigration interest. They seem unfazed by 30% tax on foreigners due to allure of the Republic being safe haven, and their preference for real estate as a store of wealth …… full article here.

*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

Property auction and mortgagee sales seen surging in 2023 on rising bankruptcies. More ‘distressed sales’ may emerge in second half of the year, when borrowers face increased monthly mortgages due to rising interest rates …… full article here.

*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