Property News – May 2021
29th May 2021
CPF interest rates to remain unchanged in Q3 …… full article here.
*Source from Business Times
The super rich are choosing Singapore as the world’s safest haven. Money is sloshing around Singapore like never before. Family offices, Bentley sales and real estate prices are booming …… full article here.
*Source from Business Times
28th May 2021
URA, HDB release Jalan Tembusu, Tampines Street 62 residential sites for sale. These 99-year leasehold sites, on the reserve list in the H1 government land sales programme, can yield 1,340 units …… full article here.
*Source from Business Times/Straits Times
Contact us for more info!
27th May 2021
HDB upgraders are fuelling mass-market condominium sales. Owners who sold their existing flats benefitted from the price appreciation and cash-over-valuation amounts …… full article here.
*Source from Business Times
26th May 2021
HDB launches over 3,800 BTO flats; 2,500 balance flats also on offer …… full article here.
*Source from Business Times
Tenders reflect developers’ growing hunger for land. CDL-MCL Land tie-up’s top bid for Tengah site sets record for EC land; UOL-led consortium’s top bid for Ang Mo Kio private housing plot is 6.3% above next highest bid …… full article here.
*Source from Business Times
25th May 2021
Suggestion for new BTO flats PLH model in prime areas. Bigger subsidies, shorter leases, clawbacks being weighed to counter the HDB ‘lottery effect’. But each of these fixes comes bundled with tradeoffs, or downstream effects …… full article here.
*Source from Straits Times
Kwek Leng Beng warns of more property cooling measures. CDL chairman flags that the government could impose further property curbs if prices continue to rise …… full article here.
*Source from Business Times
Economists expect Singapore economy to grow 0.9% in Q1 …… full article here.
*Source from Straits Times
24th May 2021
Another article on Straits Times on possible restrictions suggested for BTO in prime locations. Click on this link.
More channelling cash into CPF amid Covid-19 uncertainties. 40% more topped up their own or their loved ones’ savings last year compared with 2019 …… full article here.
*Source from Straits Times
Good Class Bungalow prices keep rising. Cluny Hill property being built sets record S$4,291 psf; buyer tipped to be Stamped.io founder Tommy Ong who sold the company. Meanwhile, in Chatsworth Rd, two vacant plots sell 40% above neighbouring deal last year …… full article here.
*Source from Business Times
Demand for luxury penthouses holds steady despite pandemic. So far this year, there are 9 transactions – 7 in the CCR, 2 in the RCR; demand may gather pace in the near-term …… full article here.
*Source from Business Times
23rd May 2021
BTO flat owners sad, disappointed over delays …… full article here.
*Source from Sunday Times
This will make those waiting to buy to look into resale and thus demand and prices of resale are seen increasing.
19th May 2021
Brisk sales in shophouse market this year. Amid the flurry of transactions, record prices and declining rental yields, an industry veteran cautions that market is overheated …… full article here.
*Source from Business Times
18th May 2021
Singapore’s largest integrated transport hub to open in Woodlands in June …… full article here.
*Source from Straits Times
Turning Lim Chu Kang area into Singapore’s next attractive. Ideas being sought for masterplan for area, which will become high-tech food hub …… full article here.
*Source from Straits Times
15th May 2021
Economists retain full-year GDP forecast for now despite tighter Covid-19 rules. Most firms likely to be better prepared to make adjustments, compared with a year ago …… full article here.
*Source from Business Times
14th May 2021
BTO construction delays spark big rush for HDB temporary housing. 2,350 applicants were submitted last year but only 160 flats were available …… full article here.
*Source from Straits Times
More snapping up luxe condos even as new private home sales in April slow …… full article here.
*Source from Business Times
13th May 2021
IMF gives Singapore economy clean bill of health, says risks to recovery ‘balanced’ …… full article here.
*Source from Business Times
Condo, HDB rents climb again in April with 1.3% rise. Demand for rental units appears to be outstripping supply as HDB upgraders take advantage of rising flat resale prices …… full article here.
*Source from Business Times/Straits Times
Singapore condo resale volumes hit 11-year high; prices up 1.5% in April. Transactions likely driven by HDB upgraders, delays in BTO flats also cited …… full article here.
*Source from Business Times/Straits Times
10th May 2021
Home buyers fret as BTO flats may be delayed up to a year or more. Labour crunch exerts pressure as Covid-19 is evolving both globally and in Singapore …… full article here.
*Source from Business Times
8th May 2021
Maxwell House collective sale tender awarded for S$276.8m in second attempt. Joint tenderers, subsidiaires of SingHaiyi, Chip Eng Seng and Chuan Holdings to seek URA approval for a mixed-use project …… full article here.
*Source from Business Times/Straits Times
7th May 2021
21 million-dollar HDB resale flats sold last month. Overall resale prices rise for 10th straight month; up 1.2% compared to March …… full article here.
*Source from Business Times/Straits Times
Outlook positive for business parks but location matters …… full article here.
*Source from Business Times
6th May 2021
Undervalued property developers: are they worth a second look? While Singapore continues to work at taming the pandemic, the residential property market has proven fairly resilient, thanks partly to low interest rates and demand from HDB upgraders, among other factors …… full article here.
*Source from Business Times
Developers’ margins squeezed by higher land, construction costs …… full article here.
*Source from Business Times
Singapore’s property market risks facing cooling measures ahead. Other concerns highlighted in the Real Estate Sentiment Index include construction costs and rising interest rates …… full article here.
*Source from Business Times
4th May 2021
Singapore sees jump in family offices as Aisa’s ultra-rich set up camp. 221 single and multi-family offices opened in the Republic last year, up from 129 in 2019 and 22 in 2018; scene dominated by those from North Asia …… full article here.
*Source from Business Times
2nd May 2021
Builders hoping for more government help amid worker crunch. Emergency legislation in the pipeline for battered construction sector. Measures aim to share burden more fairly between contractors, developers and buyers …… full article here.
*Source from Sunday Times
1st May 2021
Singapore’s outlook brighter this year, global recession less protracted than initially feared …… full article here.
*Source from Business Times
