Property News – June 2021
16th June 2021
Plum site near Botanic Gardens stirs buyer interest as GCB market continues to sizzle …… full article here.
*Source from Business Times
URA launches two one-north GLS sites for sale …… full article here.
*Source from Straits Times
15th June 2021
Singapore business sentiment remains positive for Q3. SCCB’s Business Optimism index was at +0.47 percentage points for Q3 2021, up from +3.94 in previous quarter …… full article here.
*Source from Business Times
14th June 2021
Not all million-dollar resale flats located in central area. Half of Singapore’s 24 HDB towns have units that sold for at least $1 million …… full article here.
*Source from Straits Times
Are $1m HDB resale flats going to be ‘normal’ from now? …… full article here.
*Source from Straits Times
12th June 2021
Striking a balance in building HDB flats in prime location. Housing in prime locations should not be restricted only to the rich and affluent …… full article here.
*Source from Business Times
11th June 2021
Increased supply of private homes on confirmed sites a calibrated move as developers seek land. Analyst expect keen demand for the four residential sites on the confirmed list, which can potentially yield about 2,000 private homes, including ECs …… full article here.
*Source from Straits Times
Marina View white site triggered for launch with bid of $1.508b …… full article here.
*Source from Straits Times
10th June 2021
Condo, HDB rents climb again in May despite Covid-19 restrictions. This marks the fifth and eleventh consecutive month of rising condo and HDB rents respectively …… full article here.
*Source from Business Times/Straits Times
9th June 2021
Fewer viewings amid heightened alert drive 11.4% fall in condo resale volumes in May. About 1,722 units changed hands for the month compared with 1,944 units resold in April …… full article here.
*Source from Business Times
Condo resale prices up 0.9% to new high in May. Uptick despite 11.4% fall in units resold as tightened Covid-19 curbs restrict property viewings …… full article here.
*Source from Straits Times
8th June 2021
Renovation guidelines breached in 190 flats in 3 years. Unauthorised works include over-hacking of walls and carrying our works without permits …… full article here.
*Source from Straits Times
It is important to get approval from HDB/MCST for the kind of work to be carried out for any home renovation, HDB or private residential properties. As any unauthorised hacking may affect the structure of the whole building.
Singapore’s full-year growth could still beat official forecast. The bank expects the momentum of economic growth to stablilise in the second half of the year …… full article here.
*Source from Straits Times
HK buyers making steady investments in Singapore property. Investors from Hong Kong bought record number of properties here in 2019, but interest has since slowed amid the Covid-19 pandemic, may be shifting towards the UK …… full article here.
*Source from Straits Times
6th June 2021
Adieu to Tanglin Halt, one of Singapore’s oldest estates. Long-time residents moving out as estate is set to be rejuvenated as part of Sers project …… full article here.
*Source from Stunday Times
Time to say Goodbye!
5th June 2021
Price premium of HDB resale flats in mature estates may shrink further. Buyers shunning decaying leases despite amenities and accessibility; some younger estates transforming and winning favour …… full article here.
*Source from Business Times
4th June 2021
HDB resale flat prices rise for 11th straight month. May volume, however, falls 16% from a month earlier as fewer property viewings are conducted in person …… full article here.
*Source from Business Times
Record $400m for first EC site in Tengah ‘forest town’. Bid won by unit of CDL and MCL Land smashes previous high set in 2018 for EC site in Punggol …… full article here.
*Source from Straits Times
With this land price, expected launch price will be $1,200 +/-. So how will private property fair?
3rd June 2021
Raising land supply may aggravate housing issues. More residential land can be released, but an unintended consequences may be stiffer fight for labour, materials that lead to higher costs and price increases for homes …… full article here.
*Source from Business Times
2nd June 2021
Strong demand for 4-room BTO flats in Telok Blangah. 28 first-time applicants competing for each unit in the mature estate despite high prices …… full article here.
*Source from Business Times
Online survey to get public’s views on prime housing model …… full article here.
*Source from Straits Times
1st June 2021
87 HDB flats sold for over $1m so far this year. This is the highest number of such sales in a year on record as strong demand continues …… full article here.
*Source from Straits Times
