Property News
Property News – June 2023
30th June 2023
Manufacturing recession unlikely to impact inflation. Singapore’s tight labour market has become the main domestic driver of price increases …… full article here.
*Source from Straits Times
Construction cost in Singapore has risen by 12% in 2022, highest in this region …… full article here.
*Source from Zao Bao
Singaporean above 55 years old have withdraw $2.5b from their CPF account leading to drop in CPF OA balance …… full article here.
*Source from Straits Times
29th June 2023
Inflation and higher cost of living fall to dent overall spending in Singapore …… full article here.
*Source from Straits Times
Condo rent fall while HDB rent up on lower leasing volume …… full article here.
*Source from Business Times
Non-landed resale private homes prices holds steady in May but number of foreign buyers drop …… full article here.
*Source from Zao Bao
28th June 2023
Pinetree Hill at Mount Sinai to start preview at prices from S$2,236 psf …… full article here.
*Source from Business Times
Two plots for private homes snag billion-dollar top bids from developers …… full article here.
*Source from Straits Times/Business Times
A 5-room HDB resale flat in Bishan sold for record high of S$1.4m …… full article here.
*Source from Zao Bao
Condo resale units and prices up in May …… full article here.
*Source from Straits Times
Strong interest for Tengah EC site draws 9 bids …… full article here.
*Source from Business Times
Prime office rent in CBD under downward pressure amid pocket s of weakness in Q2 …… full article here.
*Source from Business Times
27th June 2023
World economy at critical point in inflation fight …… full article here.
*Source from Straits Times
China’s reopening seen weighing on growth for Asean economies …… full article here.
*Source from Business Times
Economists flag risk of technical recession for Singapore …… full article here.
*Source from Business Times
24th June 2023
Singapore core and headline inflation eases in May. MAS expected to maintain monetary policy settings in October …… full article here.
*Source from Straits Times/Business Times
Singapore to announce tax incentive for family offices in climate fight …… full article here.
*Source from Straits Times
Tiong Bahru 4-room HDB resale jumbo flat sold record high at $1.5m …… full article here.
*Source from Business Times
23rd June 2023
Next phase of Jurong Lake District’s developments kick off …… full article here.
*Source from Straits Times
Growing proportion of foreign and PR homebuyers despite cooling measures …… full article here.
*Source from Business Times
2 new private home launches – The Myst and Lentor Hills Residences previews start June 24th …… full article here.
*Source from Business Times
22nd June 2023
Government ramps up supply of private homes for 2023 to highest in a decade …… full article here.
*Source from Business Times
Orchard and Zion Road sites among sites to be released for high end private home development …… full article here.
*Source from Zao Bao
8 state land plots to be offered in H2 for private homes …… full article here.
*Source from Straits Times
Singapore poised to become offshore Islamic wealth hub in next 5 years …… full article here.
*Source from Straits Times
21st June 2023
South-east Asia set for rocky H2 2023 but recession unlikely. The trade boost from China’s reopening may be limited …… full article here.
*Source from Business Times
*Source from Business Times
Perennial unit wins tender for private assisted-living project, beating 2 other developers for pilot senior living development …… full article here.
*Source from Straits Times
Singapore drops one place to No. 4 in global competitiveness ranking …… full article here.
*Source from Straits Times
18th June 2023
Better to invest in new home now, when new condo units cost more than resale ones by 70% …… full article here.
*Source from Straits Times
17th June 2023
Singapore’s key exports tumble 14.7% in May, raising recession risk. Eight straight month of decline …… full article here.
*Source from Straits Times
*Source from Straits Times
16th June 2023
New private home sales top 1,000 units in May, buoyed by 2 launches – The Reserve Residences and The Continuum …… full article here.
*Source from Straits Times
Labour demand shows signs of easing in Q1 as job vacancies fall for 4th straight quarter …… full article here.
*Source from Business Times
8th June 2023
Living expenses of expats in Singapore ranks world 5th highest …… full article here.
*Source from Zao Bao
Increase in property prices helped local families with wealth growth …… full article here.
*Source from Zao Bao
Easing mortgage ratess and lower household debt may not fuel home-buying. Slow down in borrowing could be a result of cooling measures …… full article here.
*Source from Business Times
7th June 2023
Property purchase by foreigners has seen volume dropped by half after ABSD hike. The big bulk of purchasers are still locals …… full article here.
*Source from Business Times
6th June 2023
Singapore super-prime residential property prices rebound in Q1 …… full article here.
*Source from Business Times
Singapore Turf Club site to close in 2027 to make way for up to 40,000 new homes …… full article here.
*Source from Business Times
5th June 2023
Price surge in Sentosa Cove surpasses the price increase in mainland …… full article here.
*Source from Straits Times
1st June 2023
Developers weighing deferring new launches or offering discounts after ABSD hike …… full article here.
*Source from Business Times
Condo rental prices and volumes rebound in April, and HDB market climb …… full article here.
*Source from Business Times