Property News – November 2021
30th November 2021
Singapore economy still on track to grow notwithstanding Omicron risk. The ministry of Trade and Industry has forecast that GDP will grow 3-5% year on year in 2022 …… full article here.
*Source from Business Times
25th November 2021
Hot demand likely for future Mount Pleasant HDB flats for its central location and proximity to MRT station …… full article here.
*Source from Business Times
24th November 2021
All about HDB today.
*Source from Straits Times & Business Times
9 applicants vying for each 4-room BTO flats in Rochor. While new HDB estate in Mt Pleasant, with 5,000 BTO flats planned, may come under prime location model (PLH). There will be road network for this new estate revised to protect nature …… full article here.
*Source from Straits Times
23th November 2021
Elizabeth Towers up for collective sale with S$63m reserve price. Price accounts for bonus balcony area; land rate at about S$2,400 psf ppr …… full article here.
*Source from Business Times
22th November 2021
BTO demand-supply gap jumps to 70,000 in 2020. Applicants for Build-To-Order flats in 2020 surged to 87,800 for 16,800 flats launched …… full article here.
*Source from Business Times
Any capital gains tax may hit Singapore mass-market condos the most. Possibility of dip in foreign buying also likely if property sales tax or inheritance tax is introduced …… full article here.
*Source from Business Times
CanningHill Piers penthouse unit fetches S$48m in launch weekend. This 99-year leasehold condominium, part of the integrated redevelopment on the former Liang Court site, is now the best-selling project launch in the Central Area this year …… full article here.
*Source from Business Times
19th November 2021
Strong demand for 4-room Rochor BTO flats under prime area model. Over 2,100 applicants vying for 680 units a day after launch, but 3-room flats undersubscribed …… full article here.
*Source from Straits Times
18th November 2021
960 Rochor BTO flats launched under prime area model. Owners will have to pay 6% sunsidy clawback when they sell for first time on open market. Together with other conditions, they are aimed at keeping new public housing in prime, central locations affordable and inclusive for Singaporeans, and reducing the “lottery effect” of such sought-after units …… full article here.
*Source from Straits Times
Wide selection of flats on offer in 9 projects across 6 housing estates. …… full article here.
*Source from Straits Times
16th November 2021
New private home sales to remain robust for the rest of the year on the back of major upcoming launches. New private home market to end the year on a high note …… full article here.
*Source from Business Times
New private home sales rebound in Oct with 9% rise. This comes after two months of falls and despite continued Covid-19 measures …… full article here.
*Source from Straits Times
15th November 2021
More HDB upgraders buying condos as resale flat prices rise. Such sales fuelled by HDB resale prices climbing faster than those for private homes. And CPF rules, being close to family among reasons for upgrading to condos …… full article here.
*Source from Straits Times
12th November 2021
Prime sites under new public housing model hard to define; new prime areas may emerge …… full article here.
*Source from Business Times
11th November 2021
Condo, HDB rents and leasing volumes rise in Oct as Singapore eases border measures …… full article here.
*Source from Business Times
10th November 2021
Singapore condo resale prices continue to climb in October. Prices up 0.7% month on month and 9% year on year; all regions seeing increases amid tight supply …… full article here.
*Source from Business Times
9th November 2021
Singapore economy poised for strong growth this year and next. This is despite virus resurgence risks; robust hiring and domestic spending among drivers …… full article here.
*Source from Straits Times
5th November 2021
Resale HDB flat prices up in Oct, but fewer units sold during the month. Prces are 0.9% higher; hikes seen in both mature and non-mature estates and across all flat types …… full article here.
*Source from Businness Times
2nd November 2021
5-room Bishan flat sold for $1.36m after just 3 days. Bidding war for unit; seller confident of beating previous high of $1.295m …… full article here.
*Source from Businness Times
