Property News – August 2021
31th August 2021
S$1.03b bid bags Jalan Anak Bukit site for Far East Organization, Sino Group. This site is zoned commercial and residential, proposed development will have a bus interchange, as well as civic and commercial spaces across the first three storeys along Upper Bukit Timah Road and Jalan Jurong Kechil …… full article here.
*Source from Business Times
UOL’s Watergardens project sells 60% of units at launch weekend …… full article here.
*Source from Business Times
29th August 2021
More BTO projects to integrate rental flats, improving inclusivity. Estates will have several blocks with a mix of housing types …… full article here.
*Source from Sunday Times
Sales of homes in Sentosa Cove soar to new heights. 103 transactions this year till Aug 16, up 84% from whole of last year …… full article here.
*Source from Sunday Times
27th August 2021
HDB doing its utmost to minimise delays. Greatearth informed HDB last week that it was unable to complete the five BTO projects under its management, despite the government assistance provided …… full article here.
*Source from Straits Times
Five BTO projects face delays, two public projects affected as contractor Greatearth goes burst …… full article here.
*Source from Business Times
23rd August 2021
Property prices, delays on the rise amid construction headwinds. Industry severely hit by soaring materials costs, staff shortages and rising wage bills …… full article here.
*Source from Straits Times
18th August 2021
Bigger BTO flats in non-mature estates see strong demand. Units in Hougang, Jurong East more oversubscribed than those in mature estates like Tampines …… full article here.
*Source from Straits Times
17th August 2021
New private home sales surge 82% in July on suburban demand. The lion’s share of sales volumes comes from OCR, where 1,012 units or early two-thirds of the total volume are sold …… full article here.
*Source from Business Times
New DBS loan lets private property owners fund retirement. With reverse mortgage, seniors can borrow against their fully paid private homes to top up CPF retirement sums …… full article here.
*Source from Straits Times
15th August 2021
Family’s 5-month renovation nightmare. They lived during that period with the mess and ate takeaways as they had no kitchen to cook in …… full article here.
*Source from Sunday Times
14th August 2021
Bumper July for Singapore’s new private home sales. Analyst estimate that developers sold 1,545 new private residential units last month, jumping 77.2% from June’ 872 …… full article here.
*Source from Business Times
12th August 2021
Non-mature estate of Jurong East to get its first new flats in 10 years …… full article here.
*Source from Straits Times
HDB rents rise, condo rents stay flat in July …… full article here.
*Source from Straits Times
Singapore is top overseas property investment destination. Activity in real estate market almost doubles in first half of 2019 to $6.4b of acquisition …… full article here.
*Source from Straits Times
Singapore is fourth-most expensive market to build in Asia. Singapore ranks behind Tokyo, Hong Kong and Macau in terms of costs to build, with an average cost of US$2,079 per square metre to undertake construction …… full article here.
*Source from Business Times
11th August 2021
https://www.straitstimes.com/singapore/housing/over-4900-hdb-bto-flats-launched-including-in-queenstown-jurong-east-for-the-first
Singapore condo resale volumes rebound in July, up 22.5%. Gains in overall volumes and prices driven by demand for condos outside of central region (OCR) …… full article here.
*Source from Business Times
Condo resale prices advance 1% in July. Estimated 1,817 units resold last month – 22.5% increase from 1,483 units in June …… full article here.
*Source from Straits Times
6th August 2021
HDB resale prices rise for 13th straight month in July, though growth pace slows. The rise in prices for resale flats last month was broad-based, climbing for both mature and non-mature estates, and almost all room types. Only prices for executive flats dipped by 0.6% …… full article here.
*Source from Business Times
Demand for Sentosa Cove bungalows mirrors buzz in luxury housing market …… full article here.
*Source from Straits Times
4th August 2021
Singapore property executives flag rising construction costs as top risk. The Real Estate Sentiment index falls for the first time in Q2, after four quarters of rises. Real estate executives polled also cite rising inflation and cooling measures as concerns …… full article here.
*Source from Business Times
Buying activity ticks up at some condo projects ahead of repricing. More than half of the transactions are in the Outside Central Region …… full article here.
*Source from Business Times
