Property News
Property News – May 2023
31st May 2023
Condo resale volumes fall in April while prices rise …… full article here.
*Source from Business Times
Singapore private homes are the most expensive to own and rent in Asia-Pacific …… full article here.
*Source from Business Times
30th May 2023
New uncompleted private homes may be better buys than resale units amid high interest rates …… full article here.
*Source from Business Times
Over 70% of units at The Reserve Residences sold at launch …… full article here.
*Source from Straits Times
29th May 2023
The Reserve Residences sells 520 units at an average of S$2,460 psf …… full article here.
*Source from Business Times
28th May 2023
Take note of rising mortgage rates before buying property …… full article here.
*Source from Sunday Times
Home buyers who back out of deal can loose more than just their deposits …… full article here.
*Source from Sunday Times
27th May 2023
URA eyes rezoning of land parcels in 6 areas for private and public housing developments – Lavender, Woodlands, Woodlands North, Whampoa, Kallang and Jalan Jurong Kechil …… full article here.
*Source from Business Times
Expect new property developments coming to Loyang since the last one in 2018 …… full article here.
*Source from Zao Bao
26th May 2023
URA releases state land sites for sale at Woodlands, Toa Payoh and Punggol …… full article here.
*Source from Business Times
Banding system to gauge quality of developers and builders rolled out. More assurance for property buyers …… full article here.
*Source from Business Times
Some economists brace for technical recession this year …… full article here.
*Source from Business Times
Those who refinanced mortgages recently are coping with rate hikes …… full article here.
*Source from Straits Times
24th May 2023
Private homes in CBD not affected by recent cooling measures …… full article here.
*Source from Zao Bao
21st May 2023
HDB flat owners caught buying new private homes during their HDB flat MOP period. They usually heed advise to buy under trust. Do not that during MOP period, this is not allowed …… full article here.
*Source from Sunday Times
20th May 2023
Private residentials rent may soften in H2 2023 …… full article here.
*Source from Business Times
Prices of commercial properties continue to rise while transaction volumes softened …… full article here.
*Source from Zao Bao
19th May 2023
Developers dangle discounts to move sales of upmarket condos in the core central region …… full article here.
*Source from Business Times
18th May 2023
Enhanced CPF Housing Grants given out have increased each year since 2019 …… full article here.
*Source from Business Times
Singapore GDP growth moderating but ‘ample fiscal space’ against downside risks. Singapore is well-positioned to absorb rising fiscal pressures to address medium and long-term challenges …… full article here.
*Source from Business Times
17th May 2023
Property prices gap for Singapore Central Region (CCR) and Rest of Central Region (RCR) narrowed …… full article here.
*Source from Zao Bao
16th May 2023
*Source from Business Times
Foreign buying of private homes at 5-year high in Q1, just before the rollout of cooling measures …… full article here.
*Source from Business Times
New private home sales hit 7-month high in April despite ABSD rate hikes …… full article here.
*Source from Straits Times
15th May 2023
*Source from Straits Times
Singapore is the lone exception in the region for property market performance …… full article here.
*Source from Business Times
Prices at new condo launches hit new highs in 2023 due to strong demand for private homes and resilient job market …… full article here.
*Source from Straits Times
13th May 2023
New private home launches in Katong area will boost resale prices of private residential properties in the vicinity …… full article here.
*Source from Zao Bao
All about The Reserve Residences new launch by Far East Organisation. Visit us at https://legacy-haus.com/the-reserve for more information …… full article here.
*Source from Straits Times/Zao Bao
12th May 2023
Affluent consumers, stable government and country’s strategic location draw investors to Singapore …… full article here.
*Source from Straits Times
ABSD hike won’t be hurting foreigner buyers from FTA zones. Foreign buyers from Switzerland, Iceland, Norway, Liechtenstein and US citizens enjoy Singapore Citizen’s rates…… full article here.
*Source from Business Times
11th May 2023
Far East Organisation to launch The Reserve Residences at Beauty World at prices from S$2,300 psf …… full article here.
*Source from Business Times
Main bulk of OTP not exercise by purchasers came from EC purchase, not affected by ABSD hike …… full article here.
*Source from Zao Bao
Private residential rental transactions by foreign tenants has risen back to pre-covid level …… full article here.
*Source from Zao Bao
10th May 2023
Changes in CPF Housing Grant and income assessment for purchase of HDB flats …… full article here.
*Source from Zao Bao/Straits Times
Bankruptcy applications on the rise but no alarming property-related foreclosures yet …… full article here.
*Source from Business Times/Straits Times
9th May 2023
Despite low yields and high taxes, Singapore properties are still drawing interest from foreign buyers. Buyers are confident in getting steady rental income and potential capital gain …… full article here.
*Source from Business Times/Zao Bao
8th May 2023
HDB and private home rent expected to continue upward trend but at slower pace …… full article here.
*Source from Business Times
Buyers turn to shophouses after ABSD hikes, causing owners of shophouses to raise prices …… full article here.
*Source from Business Times
7th May 2023
HDB and private home rent expected to continue upward trend but at slower pace …… full article here.
*Source from Zao Bao
Buyers turn to shophouses after ABSD hikes, causing owners of shophouses to raise prices …… full article here.
*Source from Sunday Times
6th May 2023
Over 900 HDB flats to be built in Sin Ming area, first public housing project there in more than 30 years …… full article here.
*Source from Business Times
5th May 2023
HDB resale prices rise further in April amid falling volume, with 5-room units see biggest rise …… full article here.
*Source from Business Times/Straits Times
Local fixed deposit rates on downtrend…… full article here.
*Source from Zao Bao
Commercial property rent prices back to pre-covid level …… full article here.
*Source from Zao Bao
2nd May 2023
ABSD hike’s effect on short term rental price and demand …… full article here.
*Source from Zao Bao
More wealthy individuals buying properties for their children under trust recently …… full article here.
*Source from Zao Bao
ABSD hike on purchase of residential properties will push up demand and price for commercial properties …… full article here.
*Source from Zao Bao
1st May 2023
China buyers bought units in Blossoms By The Park launch despite doubling in foreigner ABSD …… full article here.
*Source from Business Times
Singapore set to see slower growth as economy continues to recover but should avoid contraction …… full article here.
*Source from Straits Times