Property News

Property News – January 2023

31st January 2023

Condo resale volume dropped in Q4 2022, while prices continue to climb …… full article here.

*Source from Business Times/Straits Times/Zao Bao

30th January 2023

More than 90% of property transactions in 2022 made profit …… full article here.

*Source from Zao Bao

Toa Payoh school site earmarked for housing …… full article here.

*Source from Straits Times

28th January 2023

Housing market has slowed, government to monitor prices and borrowing …… full article here.

*Source from Business Times

HDB resale price growth slows in Q4 as prices flatten and sales fall …… full article here.

*Source from Business Times

Private home prices up in Q4 but future increases expected to slow. Upside supported by low unsold inventory, healthy household balance sheet, as well as higher rents and construction costs …… full article here.

*Source from Business Times/Straits Times/Zao Bao

Singapore’s inflation problem unlikely to dissipate any time soon. MAS may go for one more tightening move at its April meeting …… full article here.

*Source from Straits Times

Luxury and mass market private home sales performance differ due to price and marketing strategy …… full article here.

*Source from Zao Bao

27th January 2023

Online platform for transferring property titles set to be ready in 2026 …… full article here.

*Source from Straits Times

26th January 2023

MAS could tighten monetary policy in April after’sticky’ inflation data in December. China’s reopening, global geo-political tensions seen complicating Singapore’s inflation outlook, driving energy and other commodity prices higher …… full article here.

*Source from Business Times

A home is still affordable in Singapore unless you expect a luxury house …… full article here.

*Source from Straits Times

24th January 2023

Singapore’s economy is expected to grow in 2023 amidst external uncertainties …… full article here.

*Source from Zao Bao

22nd January 2023

4 possible trends in HDB resale market. Expect new challengers in 2023, but also some opportunities for buyers to take advantage of …… full article here.

*Source from Sunday Times

Record-high HDB rents driving Malaysians working here to live in JB …… full article here.

*Source from Sunday Times

Flexi public housing schemes with essential care services for seniors, and aims to provide them with lifelong income …… full article here.

*Source from Sunday Times

HDB repossessed 160 flats after owners fail to pay mortgage. Chasing profit can turn dream home into nightmare experience …… full article here.

*Source from Sunday Times

With condo prices so high, walk-up apartments are hidden gems now …… full article here.

*Source from Sunday Times

Slower growth in 2023, but Singapore can avoid recession …… full article here.

*Source from Sunday Times

21st January 2023

New launches in District 5, a short walk from Buona Vista MRT station, expected to attract many buyers with its good location attributes. This location is close to Holland Village, city, and within a huge pool of available tenants …… full article here.

*Source from Zao Bao

HDB BTO flats to catch up with delays. Over 20,000 HDB flats built in 2022, highest number in past five years …… full article here.

*Source from Zao Bao/Straits Times

20th January 2023

SLA to manage state land within public housing estates from 1st Match 2023 …… full article here.

*Source from Business Times

19th January 2023

Boulevard 88 unit tops Q4 resale gains. Seller reaps S$3.5m profit after 3 years. The 5 biggest money-making deals are all in Core Central Region …… full article here.

*Source from Business Times

New private home prices expected to inch up this year …… full article here.

*Source from Zao Bao

Singapore is second most preferred city in Apac for cross-border property investments in 2023. Singapore continues to be a focus for core investors due to its strong market fundamentals …… full article here.

*Source from Business Times

18th January 2023

A shallow recession is coming but don’t fear it. Downtown will affect some more than others, creating opportunities for entrepreneurs and investors. Reconfiguration of economic growth patterns expected. Look at the longer term change rather than the short term impact …… full article here.

*Source from Business Times

Singapore private home rents set to climb 10% to 15% this year …… full article here.

*Source from Straits Times

17th January 2023

Private home sales last year fall to lowest since 2008 due to absence of new launches and year end holiday …… full article here.

*Source from Business Times

16th January 2023

Sceneca Residence sells 60% of 268 units on launch day at average S$2,072 psf …… full article here.

*Source from Business Times

ECs growing in appeal as resale units generate windfall profits. Robust take-up for new launches comes as price gap with suburban condos widens …… full article here.

*Source from Straits Times

13th January 2023

Singapore property investment sale drop in Q4. But sales for the full year are up …… full article here.

*Source from Business Times

Tight home supply likely to ease further …… full article here.

*Source from Straits Times

12th January 2023

Chinese homebuyers to gradually return to Singapore market as travel restrictions ease. …… full article here.

*Source from Business Times

10th January 2023

4,700 potential violations of Minimum Occupation Period rules between 2017 and 2022. 69 agents investigated for helping clients market ‘vacant BTO flats, 18 agents taken to task …… full article here.

*Source from Business Times/Straits Times

7th January 2023

Downbeat global economy doesn’t mean disaster. Powerful forces raising fears of a broad recession will eventually dissipate. But there will be some bumps along the way …… full article here.

*Source from Business Times

6th January 2023

HDB resale prices up in December, the lowest gain in 30 months. Property cooling measures, high interest rates and resistance to high prices continue to weigh on demand …… full article here.

*Source from Business Times

5th January 2023

Older resale flats favoured, thanks to their larger size and greater affordability …… full article here.

*Source from Business Times

Prime residential prices to moderate in 2023. Market outlook in the longer term remain positive …… full article here.

*Source from Business Times

4th January 2023

HDB resale prices climb at slower pace in Q4 …… full article here.

*Source from Business Times

HDB will wait for right time to expose and penalise BTO flat buyers when they breach regulations …… full article here.

*Source from Zao Bao

Private home prices shrug off curbs, prices to grow at slower pace in 2023 as homebuyers’ interest sustained despite combination of recessionary pressures and cooling pressures …… full article here.

*Source from Business Times

Frustration abound as delays in condo completions persist post-pandemic. Developers push back deadlines as they grapple with labour shortages and supply chain disruptions, while buyers scramble to find alternative accommodation …… full article here.

*Source from Business Times

Ways for home owners to manage their finances as mortgage rates continue to rise. Refinancing and spending less on unnecessary items are among options …… full article here.

*Source from Straits Times

2nd January 2023

Over 5000 new private residential units set to be launched in H1 2023. Half of new supply will sit in City Fringe locations. Five projects lining up in Q1 2023 …… full article here.

*Source from Business Times

Sceneca Residence preview on 1st January 2023 attracted 3,000 interested buyers …… full article here.

*Source from Zao Bao