Property News – October 2021
30th October 2021
Families prioritised for new HDB flats in prime areas for now. Singles will not be allowed to buy new Housing Board flats in prime locations for now as the housing model they come under is untested in the market and not many units will be launched for a start …… full article here.
*Source from Business Times
Suggestions not taken up for new prime HDB model. Capital gain tax and smaller flat sizes among proposals put forward by public …… full article here.
*Source from Straits Times
29th October 2021
Singapore economy to grow faster pace than usual. Economic output back to pre-pandemic level in Q3; GDP growth forecast remains at 6-7% …… full article here.
*Source from Straits Times
UOL-SingLand joint venture to buy Watten Estate Condominium for S$550.8m. Price tag is a 10.2% premium to the S$500 million reserve price; reflects a land rate of about S$1,723 per plot ratio …… full article here.
*Source from Business Times
28th October 2021
Tougher rules on new HDB flats in prime locations won’t impact private home market. The first project under the new PLH model will be launched in Rochor in November’s build-to-order sales exercise. Subsidy clawback, 10-year MOP for new prime flats …… full article here.
*Source from Business Times/Straits Times
27th October 2021
More collective sale attempt. High Point in Orchard Road area, La Ville at Tanjong Rhu …… full article here.
*Source from Business Times
24th October 2021
Housing demand has surged significantly near renowned schools, especially in suburban areas. The higher sales could have coincided with more properties launched in these areas in recent years …… full article here.
*Source from Business Times
23th October 2021
HDB resale prices hit record high in Q3 after 2.9% gain. Transactions up amid strong demand despite Hungry Ghost Festival, viewing restrictions …… full article here.
*Source from Straits Times
Median price of 5-room HDB resale flats in Queenstown now S$926,000 in record year for market …… full article here.
*Source from Business Times
Singapore private home prices may jump 6-7% this year. Luxury, rental segments could see boost from foreign demand as growth rises for sixth consecutive quarter …… full article here.
*Source from Business Times
Private home prices climb at faster pace in Q3 despite tight curbs …… full article here.
*Source from Straits Times
22th October 2021
‘Vertical kampung’ flats in Yew Tee on sale in Nov. HDB integrated development for seniors will house hawker centre, polyclinic with kidney dislysis centre and retail shops …… full article here.
*Source from Straits Times
URA launches Dairy Farm Walk GLS site for tender. This 99-year leasehold site spans 15,663.2 sq m and is located in a quiet enclave …… full article here.
*Source from Business Times
21th October 2021
Many S’poreans want HDB priority schemes removed for prime flats. Feedback also shows support for limiting pool of buyers who can buy prime-area resale flats …… full article here.
*Source from Straits Times
Lakepoint owners seeking S$640m in en bloc tender. This is the second time that Lakepoint Condominium has been launched for collective sale. The project was put on the market in 2019 at the same reserved price …… full article here.
*Source from Business Times
20th October 2021
As foreign buyers return, residential projects in Core Central Region could be back in vogue …… full article here.
*Source from Business Times
Easier access to highways for Hillview residents via new road. Underpass first to go under Rail Corridor, will have ‘green roof’ along entire stretch …… full article here.
*Source from Straits Times
19th October 2021
Jervois Mansion’s good takeup shows growing interest in CCR projects. Buyers drawn to attractive price points in core central region projects compared to some in RCR; successful Jervoois Mansion launch likely to spark more interest in vicinity …… full article here.
*Source from Business Times
18th October 2021
99% of units launched at Jervois Mansion project sold …… full article here.
*Source from Business Times
16th October 2021
Return of foreign demand may give slight fillip to Singapore property in Q4 2021. As Singapore embarks on the endemic road map and more restrictions are exected to be lifted in the coming months, market sentiment is likely to remain positive …… full article here.
*Source from Business Times
14th October 2021
Condo, HDB rents edge up in Sept while leasing volume dips. Vaccinated Travel Lanes could give a boost to market …… full article here.
*Source from Straits Times
13th October 2021
HDB helping contractors to speed up work. One of the BTO projects completed and delivered to buyers during the pandemic was Bedok North Vale. Works in the common spaces were done only after works within the flats were completed which helped to speed up completion …… full article here.
*Source from Straits Times
Condo resale prices climb for 14th straight month as volume dips …… full article here.
*Source from Straits Times
Singapore condo resale volumes drop 3.8% in September. However, overall resale prices in September 2021 rose 1% from the month before as buyers looked to resale market in the absence of major launches …… full article here.
*Source from Business Times
12th October 2021
Singapore, Japan passports tie for most powerful. Their holders can travel without prior visa to 192 destinations …… full article here.
*Source from Straits Times
10th October 2021
Completed BTO projects to exceed pre-Covid-19 levels. HDB expects 19 projects to be wrapped up by year end, up from 17 in both 2018 and 2019 …… full article here.
*Source from Sunday Times
HDB to compensate Punggol BTO flat buyers after completion delay …… full article here.
*Source from Sunday Times
8th October 2021
HDB resale volume slows in September; buyer resistance seen as prices hit new peak. There are a total of 2,518 transactions last month, an 8.4% drop from Aug …… full article here.
*Source from Business Times
GCB market may be entering consolidation phase after stellar run-up. Recent deals include a S$65m sale of a house in Chatsworth Road and an old house in Cluny Hill that is changing hands at S$48m …… full article here.
*Source from Business Times
6th October 2021
Waiting time for BTO flats between 4 and 5 years. Estimated duration takes into account delays caused by pandemic …… full article here.
*Source from Straits Times
Chuan Park condo up for collective sale at S$938m indicative price. Property spans nearly 400,589 sq ft, price amounts to S$1,042 psf ppr …… full article here.
*Source from Straits Times
Singapore overseas property investments hit $5.2b in Q3 …… full article here.
*Source from Straits Times
2nd October 2021
HDB resale prices hit new record high after rising 8.9% this year. Prices up strongly partly due to delays in the completion of new flats …… full article here.
*Source from Business Times
Landed property gains help Q3 private home prices rise 0.9%. Private home prices on a roll. It marks six straight quarters of gains at moderate pace; luxury segment sees big deals …… full article here.
*Source from Straits Times/Business Times
1st October 2021
URA launches residential sites at Lentor Hills Road, Jalan Tembusu for tender …… full article here.
*Source from Straits Times/Business Times
