Property News – July 2021
31th July 2021
DBSS flat in Bishan sold for record $1.295m. Five-room flat is most expensive HDB resale unit to change hands and was sold in 3 weeks …… full article here.
*Source from Straits Times
30th July 2021
First housing project in part of forest to be launched in 2022. Developing part of Dover Forest will help meet strong demand for housing in mature estate …… full article here.
*Source from Straits Times
29th July 2021
Pasir Ris 8 frenzy raises ppolicy risks for developers even as they eye richer margins. Prices hikes in this OCR (Outside Central Region) segment, which caters to many HDB upgraders, may spur government to introduce property cooling measures …… full article here.
*Source from Business Times
27th July 2021
At least 17,000 BTO flats to be launched in 2022 …… full article here.
*Source from Business Times
No plans to cut supply of BTO flats next year. HDB on track to launching 17,000 units this year …… full article here.
*Source from Straits Times
26th July 2021
Pasir Ris 8 sells 85% of units at up to S$2,000 psf …… full article here.
*Source from Straits Times
Almost 50% more BTO projects launched in mature estates in 2020 than 2017. The average application rate for a BTO flat in mature estate rose from 2.8 times in 2017 to 6.7 times last year …… full article here.
*Source from Business Times
HDB rolls out more BTO projects in mature estates. Increase of nearly 50% in 2020 from 2017, but still not easy to get units in choice areas …… full article here.
*Source from Straits Times
24th July 2021
HDB resale prices up 3% in Q2, while transactions fall amid Covid-19 curbs. Prices expected to rise as demand outstrip supply given delays in new flat completion …… full article here.
*Source from Business Times/Straits Times
Private home prices rise at slower pace of 0.8% in Q2 amid tighter Covid-19 measures …… full article here.
*Source from Business Times/Straits Times
23th July 2021
GuocoLand top bidder for Lentor Central plot; Tampines EC site sets price record …… full article here.
*Source from Business Times/Straits Times
Rents, prices of Singapore industrial properties increase in Q2; supply is rebounding. Rise in industrial rents and prices reflect the economic recovery seen in the manufacturing sector; global chip shortage, in-bound biotech investments to create more demand …… full article here.
*Source from Business Times
16th July 2021
Singapoe’s new-rich drum up luxury home demand in first half of 2021. Data shows 1,529 new private homes were sold in the Core Central Region; some analysts expect overall sales volume for the year to cross the 10,000 mark …… full article here.
*Source from Business Times
New private homes sales dip in June amid viewing curbs. But interest still holding up with pent-up demand likely to push up sales prices in Q3 …… full article here.
*Source from Straits Times
15th July 2021
Singapore economy remains on track for recovery. GDP expands 14.3% in Q2 year on year, but contracts 2% compared with previous quarter …… full article here.
*Source from Straits Times
HDB rents rise 1%, condo rents flat in June …… full article here.
*Source from Straits Times
Singapore’s new private home sales dip in June, but demand stays buoyant. Most developers avoided launching new projects during Phase 2 (Heightened Alert) in the first half of June …… full article here.
*Source from Business Times
Singapore property investment market continues to improve in Q2. Amid firmer economic recovery, Q2 investment deals reach S$5 billion, up 127.3% from S$2.2 billion last year …… full article here.
*Source from Business Times
14th July 2021
Singapore condo resale volume falls 13% in June, prices edge up 0.1%. Sales volumes are 198.4% higher than in June 2020 and 83.9% higher than the five-year average for June …… full article here.
*Source from Business Times
12th July 2021
HDB resale flat, 1 in 3 buyers paid COV this year …… full article here.
*Source from Straits Times
10th July 2021
Ultra-rich still drawn to Singapore as wealth hub. Republic sees continued growth of family offices, asset managers, thanks to strong fundamentals …… full article here.
*Source from Straits Times
9th July 2021
HDB resale prices up for 12th straight month. 0.9% rise over May; 19 flats sold for at least $1m compared with 13 in previous month …… full article here.
*Source from Straits Times
7th July 2021
Penalties may be waived for BTO cancellation. MND look at ways to boost supply of temporary housing …… full article here.
*Source from Straits Times
6th July 2021
Nearly 1 in 3 HDB blocks has hit ethnic quota limits, so EIP crucial. So much of people’s lives revolves around neighbourhoods, so policy critical …… full article here.
*Source from Straits Times
GDP likely to grow 4-6% despite global uncertainties …… full article here.
*Source from Straits Times
3rd July 2021
Most want more subsidies, stricter criteria for BTO flats in prime areas. More steps urged to keep flats in prime areas affordable …… full article here.
*Source from Straits Times/Business Times
2nd July 2021
HDB resale prices up for 5th straight quarter, but eases to 2.8%. BTO flat construction delays may have driven many to resale flats …… full article here.
*Source from Straits Times
Private home prices up for fifth straight quarter, but pace slows. A fresh round of cooling measures less likely now …… full article here.
*Source from Straits Times
1st July 2021
Property market not overheated, but MAS says it will track prices. Central bank chief says it’s a “big problem” that low interest rates have channelled money into stocks, real estate …… full article here.
*Source from Business Times
Sinfapore’s financial sector grew 6% in first half of 2021. It says barring global economic setback, GDP could exceed upper end of 4% to 6% forecast range …… full article here.
*Source from Straits Times
