Property News – April 2021
29th April 2021
World economy rebound on track; Singapore 2021 growth could exceed 6% …… full article here.
*Source from Business Times
Office rents in Singapore could bottom out by end-2021. Gradually improving employment outlook, office expansion plans by Chinese companies likely to support growth …… full article here.
*Source from Business Times
28th April 2021
53 million-dollar HDB resale flats transactions in Q1 2021 …… full article here.
*Source from Zao Bao
CDL, MCL make top bid for GLS site at Northumberland Road. Joint venture’s $445.9m offer among 10 bids from plum 99-year leasehold plot in Farrer Park …… full article here.
*Source from Straits Times
Developers hungry for land but not likely to binge. Site near Farrer Park Station fetches S$1,129 psf ppr top bid in first residential state land tender for 2021 …… full article here.
*Source from Business Times
27th April 2021
En bloc punts i play, but price gap threatens to spoil the party. Property owners pumped up by strong transaction volumes and prices, but developers fretting oveer thinning margins, more cooling measure …… full article here.
*Source from Business Times
More successful Q1 property auctions as investors chase yields …… full article here.
*Source from Business Times
Emergency legislation in the pipeline for battered construction sector. Measure aim to share burden more fairly between contractors, developers and buyers …… full article here.
*Source from Business Times
26th April 2021
Want eco-friendly home? DBS’ green renovation loan can help. It is part of package that offers people options to integrate green practices into their lives …… full article here.
*Source from Straits Times
Inflation could be the next big risk for investors. High and rising inflation is generally negative for equities, though energy stocks and Reits may outperform …… full article here.
*Source from Business Times
24th April 2021
HDB Q1 resale prices up for 4th straight quarter, volume eases. Roll-out of Covid-19 vaccines globally, anticipated global economy recovery lifted market sentiment …… full article here.
*Source from Business Times
Singapore’s contractors association sourcing workers from countries other than India. Home buyers face longer wait time, higher costs with new border curbs …… full article here.
*Source from Business Times/Straits Times
Q1 retail rent slides in central region; fall expected to moderate further …… full article here.
*Source from Business Times
Singapore office rents up 3.3% in Q1 2021. Office rental market could bottom out this year before starting to recover in 2022 …… full article here.
*Source from Business Times
Singapore private home prices rise in Q1 on strong demand. Prices up quarter on quarter by 3.3% in Q1 2021, steeper than the 2.1% growth in Q4 2020. Landed properties, city fringe condos fuel sharp rise, sparkling talk of cooling measures …… full article here.
*Source from Business Times/Straits Times
23rd April 2021
Industrial property prices, rents up in Jan-March period …… full article here.
*Source from Business Times/Straits Times
Ban likely to cause more delays to construction projects …… full article here.
*Source from Straits Times
Singapore’s appeal to tech investors grows with global shift to remote work. Observers point to strong government support, ease of doing business, political stability, and proximity to Asean region as solid pull factors …… full article here.
*Source from Business Times
22th April 2021
Stable rents expected for single- and multiple-user factory space this year. Economic outlook is brighter, but manufacturing sector growth is uneven, and new supply will temper rents …… full article here.
*Source from Business Times
Pot of gold at end of Singapore property rainbow. Not a sure thing anymore …… full article here.
*Source from Business Times
Landed property deals reap tidy profits in Q1 2021. Non-landed properties did not fare as well as units were generally purchased during 2007 property market peak, or could have been sold due to unfavourable circumstances …… full article here.
*Source from Business Times
21th April 2021
Singapore hub status intact as remote work sees smaller but more HQs. While regional hub model has not lost its relevance, further economic reopening is seen as critical in helping Singapore hold its position …… full article here.
*Source from Business Times
17th April 2021
Thomson Road building to be demolished for N-S Corridor works. It cannot withstand excavation work for tunnel; owners to get market value compensation …… full article here.
*Source from Straits Times
Study to give new lease of life to modernist buildings. It will guide URA’s policies on how to maintain, rehabilitate buildings from 1970s and 1980s …… full article here.
*Source from Straits Times
16th April 2021
New private home sales double in March as buyers snap up luxe condos …… full article here.
*Source from Business Times
Many people have asked..”who are the buyers for these new launches?” Take a look at this summary.
Keen bids expected for housing sites in Lentor and Tampines. Both 99-year leasehold plots could yield nearly 1,200 unit in total …… full article here.
*Source from Straits Times
Singapore property investment sales set to reach pre-pandemic levels this year …… full article here.
*Source from Straits Times
15th April 2021
HDB, condo units extend rental rise in March. Transaction volumes for both housing options also rise …… full article here.
*Source from Straits Times
Economists see full-year growth of 5.5-7.5% after Q1 beats forecasts. GDP expands 0.2% in the quarter, reversing Q4’s contraction; sharp jump expected for second quarter because of last year’s low base …… full article here.
*Source from Straits Times
Singapore economy grows at fastest pace since 2019. Growth may continue to surprise in Q2 …… full article here.
*Source from Straits Times
MAS keeps Singdollar policy unchanged amid low inflation outlook. But some analysts say there is possibility that central bank will tighten policy at Oct review …… full article here.
*Source from Straits Times/Business Times
14th April 2021
Property prices growth not affect by Covid-19 …… full article here.
*Source from Zao Bao
High-end condo sales surge as March new home purchases double, hit 10-year high. Overall sales hit 1,293 from February’s 645; recovering economy, low interest rate environment, fear of new cooling measures among reasons cited …… full article here.
*Source from Zao Bao
13th April 2021
HDB late payment charges suspended till Sept 30. Six month extension to help home owners and rental tenants facing financial hardship …… full article here.
*Source from Straits Times
Million dollars for a coveted HDB unit not an aberration. Unique, larger flats may find fancy among downgraders; lease decay a smaller problem than it seems …… full article here.
*Source from Business Times
Higher prices, Covid-hit household income lower relative affordability of HDB resale flats in 2020 …… full article here.
*Source from Business Times
12th April 2021
Singapore’s blueprint for green development …… full article here.
*Source from Straits Times
Banks to speed up shrinking and shifting of CBD space amid hybrid work …… full article here.
*Source from Business Times
As rates rise, what should consumers watch for in the mortgages? Interest rates are gradually creeping up from rock-bottom levels; home buyers and investors should be prudent when it come to their property purchases …… full article here.
*Source from Business Times
11th April 2021
BTO project delays mean some families have to rethink plans. Extra waiting time due to pandemic also sees some buyers turn to resale flats …… full article here.
*Source from Sunday Times
Use cash, not CPF if you want to invest …… full article here.
*Source from Sunday Times/Zao Bao
10th April 2021
Singapore ranked slide from No. 5 to No. 9 for being the most expensive city to live in …… full article here.
*Source from Sunday Times/Zao Bao
New home sales volume rebound as expected …… full article here.
*Source from Zao Bao
9th April 2021
HDB resale prices rise for 9th straight month in March. Cash over valuation or COV is in play. The average COV is now between S$30,000 and S$40,000. BTO flat delays, rising values in private home market, improving sentiment cited as factors …… full article here.
*Source from Straits Times/Business Times
8th April 2021
85% of BTO projects face delays of 6 to 9 months. Covid-19 has led to manpower and supply disruptions, causing longer waits for flats …… full article here.
*Source from Straits Times/Zao Bao
Singapore property market a safe haven for chinese …… full article here.
*Source from Zao Bao
Housing sector leads surge in Q1 investment sales. Overall sales are up 26.7% from Q1 2020 to S$3.8b on the back of vaccine roll-outs, return of workers to workplaces …… full article here.
*Source from Business Times
6th April 2021
Efforts taken to ramp up manpower supply for construction sector. Most developers on track to meet respective dates of delivery possession …… full article here.
*Source from Business Times
5th April 2021
Grade A office market could lead 2021 recovery. Gradual economic recovery and tightening vacancies arising from scheduled building redevelopment …… full article here.
*Source from Business Times
URA extends Jalan Anak Bukit site’s tender deadline to June 29. This is due to new requirement for centralised cooling system to serve future mixed-use integrated transport hub …… full article here.
*Source from Business Times
3rd April 2021
The hunt for your nest egg, living to 100, and the hidden jewels of CPF. Take the time to do your research and hunt for a long-term passive investment strategy for your CPF …… full article here.
*Source from Business Times
2nd April 2021
Q1 home price surge raises odds of new cooling measures. Likely price hike of about 3% for another 1-2 quarters, raising spectre of policy intervantion …… full article here.
*Source from Business Times
The other Covid contagion: rising property prices. From Australia to Canada, housing prices are soaring amid low interest rates while governments ponder measures to curb the pace of growth …… full article here.
*Source from Business Times
Sharp rise in prices for HDB resale flats, private homes. Strong Q1 in private market driven by costlier city-fringe homes, landed property demand. HDB Q1 resale prices up 8% year on year, with 52 million-dollar flats sold …… full article here.
*Source from Business Times
1st April 2021
Allure of condo living stimulates demand for mass market homes. Private new home sales were healthy in 2020, led by transactions in the mass market or outside central region (OCR) …… full article here.
*Source from Business Times
Residential hotspots: Districts shaping up to be interesting investment bets. From convenient city living to capitalising on booming suburban centres, there are likely to be opportunities for every budget …… full article here.
*Source from Business Times
An appetite for luxury. Despite the pandemic-induced reccession in 2020, some luxury projects continued to sell well as developers reponded by offering star buys and renovation packages …… full article here.
*Source from Business Times
Rekindling of residential en bloc sales in 2021? A revival is likely to be modest compared to the last heated cycle, which could be a healthier, more positive outcome …… full article here.
*Source from Business Times
Banks to stop issuing SOR derivatives by end-Sept. In further pushing industry to adopt Sora as the main interest rate benchmark, steering committee also recommends ending the use of Sibor in new contracts …… full article here.
*Source from Business Times
Private new home and resale prices per square foot hit record high last year …… full article here.
*Source from Zao Bao
The above is an article showing the huge gap between New Launch and Resale residential properties. As per mentioned in the article, this could probably lead to another round of enbloc fever.
