Property News
Property News – March 2023
30th March 2023
Steeper rise in Condo and HDB rents in February as volume drops …… full article here.
*Source from Business Times/Zao Bao
29th March 2023
Condo resale volumes climb in February, first increase after 4 months …… full article here.
*Source from Business Times
28th March 2023
High rental for private residence and commercial a concern for foreign companies and expats …… full article here.
*Source from Zao Bao
27th March 2023
*Source from Straits Times
26th March 2023
Early signs of resale and rental markets slowing down, as BTO construction ramping up …… full article here.
*Source from Sunday Times
25th March 2023
Singapore ranking 8th in best cities to live in …… full article here.
*Source from Zao Bao
24th March 2023
CDL & MCL to launch Tembusu Grand in District 15 Tanjong Katong …… full article here.
*Source from Business Times
Analysts say Singapore rate hikes to stabilise soon …… full article here.
*Source from Zao Bao
22nd March 2023
3 developers vying to build first private assisted-living development at Parry Avenue …… full article here.
*Source from Straits Times
21st March 2023
Asian Central Banks face little impact from US and Europe banking crisis. MAS reassures markets amid potential credit crunch and heightened recession risk …… full article here.
*Source from Business Times
20th March 2023
ACS Primary’s move to Tengah may change how people view the area. Expect an exciting town to live in …… full article here.
*Source from Straits Times
Rents may have peaked as viewings fall …… full article here.
*Source from Business Times
19th March 2023
Landlord riding on co-living trend to boost rental income …… full article here.
*Source from Sunday Times
18th March 2023
Sentosa Cove property sales pick up in H2 2022 …… full article here.
*Source from Business Times
Top talents attracted to Singapore by good governance and high quality of life …… full article here.
*Source from Straits Times
17th March 2023
Singapore banking trio’s exposure to Credit Suisse are insignificant …… full article here.
*Source from Business Times
Luxury property rents increase faster in Singapore than New York …… full article here.
*Source from Business Times
16th March 2023
New private homes sold in February up from January …… full article here.
*Source from Business Times
Another enbloc in Holland GCB locale. Expect another new launch coming …… full article here.
*Source from Business Times
15th March 2023
Sub-sale volume in private property at 10-year high in 2022. Rising numbers point to return of trading momentum in a market where buying activity has been damped by cooling measures …… full article here.
*Source from Business Times
Tampines Executive Condo site and Jalan Tembusu plot up for sale …… full article here.
*Source from Business Times
Index shows Singapore’s Q2 outlook worsening for 5th straight quarter …… full article here.
*Source from Business Times
The broader implication from fall of SVB and why they matter to Singapore …… full article here.
*Source from Straits Times
14th March 2023
HDB to pilot new type of public rental housing for low-income singles …… full article here.
*Source from Straits Times
Recession delayed but not avoided. The risk of a cyclical recession is probable in the next 12 months …… full article here.
*Source from Business Times
More commercial properties will be converted to housing. At least 5 developers have such plan to include residences and mixed-use projects …… full article here.
*Source from Straits Times
Wake up call for Singapore Venture Capital firms and start-ups as some are exposed to SVB fallout …… full article here.
*Source from Business Times/Straits Times
11th March 2023
Luxury market rental up indefiance of softening in broader market. The Marq sets record S$100,000 per month rental. Demand for rental will continue to stay strong this year …… full article here.
*Source from Business Times
Competition unlikely among developers and new launches due to the uniqueness of every development …… full article here.
*Source from Zao Bao
10th March 2023
HDB resale flat prices hold steady for the first time after climbing for straight 31 months …… full article here.
*Source from Business Times/Straits Times
9th March 2023
Cities with the most super-rich homeowners. Singapore is just right behind Beijing …… full article here.
*Source from Business Times
8th March 2023
Balestier and Tanjong Katong, 2 freehold residential sites for enbloc sale …… full article here.
*Source from Business Times
7th March 2023
Applicants for February BTO Exercise lowest in 3 years …… full article here.
*Source from Business Times
Even as more luxury condo prices hit rarefied levels at above S$6,000 psf, drivers for super luxury condominiums look strong …… full article here.
*Source from Business Times
Singapore to remain a magnet for investors amid global tax shift. Besides enhanced grants and loans, nation has well-established from advantages from infrastructure to rule of law …… full article here.
*Source from Business Times
6th March 2023
Nearly half of The Botany units sold on launch day. Units sold at an average of S$2,070 psf with Singaporean making up 85% of buyers …… full article here.
*Source from Business Times
Local fixed-rates for deposit and mortgage loan expected to go up …… full article here.
*Source from Zao Bao
3rd March 2023
HDB tightens rules on flat selection. Choose or loose your BTO spot …… full article here.
*Source from Business Times
Singapore raises minimum investment sums for ultra-rich seeking PR status …… full article here.
*Source from Business Times
2nd March 2023
HDB to launch BTO flats in Bedok and Serangoon for the first time in years. 5rm flats seen generating considerable buyer interest …… full article here.
*Source from Straits Times
Singapore among top cities for ultra-prime residential property sales in 2022, ranked six in high-end activity index …… full article here.
*Source from Business Times
1st March 2023
Condo and HDB rents continue to climb in January, with HDB volumes rebound. Rental growth remain moderate, while slower rates signal that rents could peak this year …… full article here.
*Source from Business Times
Land Betterment Charge rates for non-landed residential use raised …… full article here.
*Source from Business Times