Property News – December 2021
29th December 2021
Higher living costs unlikely to hurt S’pore’s oull as business hub. It competes on efficiency, value-added services …… full article here.
*Source from Straits Times
Highest Singapore rents in 6 years fuel expat housing woes. Anticipated further increases as demand outweighs supply; the Covid-19 pandemic can be blamed for much of the gains …… full article here.
*Source from Business Times
24th December 2021
HDB calls tender for EC site in Bukit Batok West, but bids unlikely to top record for Tampines plot. This site could draw fair amount of interest, given shrinking supply of new EC units …… full article here.
*Source from Business Times/Straits Times
Shun Tak pulled out of en-bloc purchase of High Point …… full article here.
*Source from Business Times
Property trends here still bear watching. Currently, house price to income ratios, while rising, are still below historical averages and bank mortgage portfolios are not stressed …… full article here.
*Source from Business Times
20th December 2021
Bukit Timah condo sells 5% of units days after new property curbs. Perfect Ten’s developer, Hong Kong-based CK Asset Holdings, did not change its launch date after the cooling measures were announced. It dangled a one-time, 5% discount to buyers for yesterday …… full article here.
*Source from Straits Times
17th December 2021
Singapore home prices buoyant as a demographics support demand. Long-term demographic and population trends could underlie increases in private residential demand and prices, even as low interest rates, a strong HDB resale market and concerns of supply constraints remain at play …… full article here.
*Source from Business Times
MND ups confirmed-list private housing supply, but developers may still be hungry. Only 5 sites available on confirmed list of 1H 2022 programme, compared with 4 in H2 2021; latest property curbs will also hit supply from big en-bloc sales …… full article here.
*Source from Business Times
Rising HDB resale prices seen easing with increased BTO supply. HDB resale prices have been rising steadily for 17 straight months …… full article here.
*Source from Business Times/Straits Times
Cooling measures to lower risk of cycle of rising home prices. Minister says moves prevent a ‘destabilising correction’ in prices that will hurt households …… full article here.
*Source from Straits Times
16th December 2021
New cooling measures to promote a stable and sustainable property market. Measures are applicable to all residential property transactions with Option-to-Purchase granted on or after 16 Dec 2021 …… full article here.
Developers sold 1,547 new private homes in Nov, up 70% from Oct. Sales for 2021 on track to hit 13,000 units, the highest annual tally since 2013 when 14,948 units were shifted …… full article here.
*Source from Business Times
Bukit Timah mixed-use freehold sites sold en bloc for S$53.9m. Hillcrest Investments, an affiliate of Indonesian billionaire Sukanto Tanoto’s Royal Golden Eagle, is the buyer …… full article here.
*Source from Business Times
Condo. HDB rents see bump in prices, volume as more VTLs open …… full article here.
*Source from Business Times
About 1,500 Build-To-Order flats to be built in Bukit Merah. This is on a site in Alexandra that is less than 10-minutes walk to Redhill MRT Station …… full article here.
*Source from Straits Times
14th December 2021
Sales of new private homes gain steam in November. Developers move 1,546 units, up 70% on-month and about the number of homes sold in Nov 20 …… full article here.
*Source from Business Times
Tanglin Shopping Centre, Sultan Plaza, City Plaza join ranks of en bloc hopefuls …… full article here.
*Source from Business Times
Tiong Seng hopes to set new rules for construction processes. It’s looking to use different tools, technology, materials to save time and manpower …… full article here.
*Source from Business Times
10th December 2021
Most ever HDB resale flats sold in a month for S$1m in Nov. 5-room HDB loft unit in Punggol sold for $970,000 …… full article here.
*Source from Business Times/Straits Times
HDB resale flat prices up for 17th straight month. Monthly growth highest since Feb; 29 million-dollar flats sold, surpassing record set in August …… full article here.
*Source from Straits Times
High Point sold en block for S$556.7m to Hong Kong’s Shun Tak Holdings. Firm plans to redevelop freehold site at 30 Mount Elizabeth as a luxury residential project by 2027 …… full article here.
*Source from Business Times
Metaverse hype fuels booming digital property market. Big bets on digital land amid prospects of virtual reality future …… full article here.
*Source from Straits Times
9th December 2021
Luxury home sales soar to new high as Singapore reopens progressively. In particular, deal volumes of high-end housing have climbed to a fresh record …… full article here.
*Source from Business Times
Mandarin Gardens kickstarts another collective sale attempt. Development forms collective sale committee, and will soon select committee chairman and other key positions …… full article here.
*Source from Business Times
Singapore economy set to grow 4% in 2022. Construction, manufacturing and finance likely to drive growth. For next year, construction is seen as the sector that will expand the most, followed by accommodation and food services …… full article here.
*Source from Straits Times
6th December 2021
Perfect Ten to launch for sale at prices starting from S$2.5m. The Bukit Timah project will feature twin 24-storey towers, majority of buyers likely to be from Singapore …… full article here.
*Source from Business Times
5th December 2021
4 property trends to watch in 2022. Supply crunch and robust demand will prop up prices; rebound in rental demand; key launches to watch; an pick up in collective sale activities …… full article here.
*Source from Sunday Times
2nd December 2021
IRAS raising HDB property tax in line with spike in rentals. Most owners of Housing Board flats can expect to pay more in property taxes next year …… full article here.
*Source from Business Times
La Ville sold for S$152m in third bid at collective sale. The Tanjong Rhu site sees strong bidding, with ZACD Group making highest offer …… full article here.
*Source from Business Times
Chuan Park now in private talks following close of en bloc tender …… full article here.
*Source from Business Times
1st December 2021
Two residential sites at Pine Grove up for sale. Both are under reserve list of H2 2021 government land sales programme; can yield over 1,000 condo units …… full article here.
*Source from Business Times
