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There is no need to make flat sizes smaller as the existing two-room Flexi units offered by the government already provi...
23/11/2019

There is no need to make flat sizes smaller as the existing two-room Flexi units offered by the government already provide affordable housing options for singles, said the Ministry of National Development (MND) in a written answer to Parliament on Monday (7 October).

The Ministry of National Development said existing two-room Flexi Build-to-Order flats within non-mature estates are already affordable housing options for singles.

A good class bungalow (GCB) in District 21 will once again be put up for public auction on 16 October at Amara Hotel, Le...
16/11/2019

A good class bungalow (GCB) in District 21 will once again be put up for public auction on 16 October at Amara Hotel, Level 3, with the guide price unchanged at $23 million, reported The Straits Times citing marketing agent Knight Frank Singapore.

The two-storey bungalow comes with five en suite bedrooms, a basement, sheltered terraces, a car porch, a landscaped garden, a koi pond and a swimming pool.

Transaction volumes for non-landed private resale homes dropped for the second consecutive month by 1.5 percent to 743 u...
09/11/2019

Transaction volumes for non-landed private resale homes dropped for the second consecutive month by 1.5 percent to 743 units in September from 754 units in August, showed SRX Price Index.

OrangeTee & Tie said the decline in volumes was a recurring seasonal pattern observed over the previous years.

Singapore’s housing market retains its position in the fair-valued zone despite government regulations reining in the gr...
02/11/2019

Singapore’s housing market retains its position in the fair-valued zone despite government regulations reining in the growth of property prices, reported Singapore Business Review citing the latest UBS Global Real Estate Bubble Index.

Singapore was cited as the country with the most improved housing market with regard to affordability. Property prices have stagnated and there are lesser transactions.

Singapore is not moving towards deflation despite muted price growth and earlier market downgrades that caused concern r...
26/10/2019

Singapore is not moving towards deflation despite muted price growth and earlier market downgrades that caused concern regarding a negative inflation forecast for the end of 2019, reported Singapore Business Review citing DBS.

Despite muted price growth and market downgrades forecasts, experts at DBS expect headline inflation to recover to 1.1 percent in 2020 from a projected 0.5 percent this year.

NEU at Novena, a 17-storey freehold residential development by Roxy-Pacific Holdings, Macly Group and Lim Wen Heng Holdi...
19/10/2019

NEU at Novena, a 17-storey freehold residential development by Roxy-Pacific Holdings, Macly Group and Lim Wen Heng Holdings, will open for public preview on Saturday (12 October).

The prime district 11 development features 87 residential units, ranging from two- to four-bedder apartments. There will also be dual key three-bedroom units for multi-generational families and investors.

Prices of Housing and Development Board (HDB) flats marginally declined by 0.2 percent in September from the previous mo...
12/10/2019

Prices of Housing and Development Board (HDB) flats marginally declined by 0.2 percent in September from the previous month as mature estates and non-mature estates prices declined 0.3 percent and 0.1 percent, respectively, showed SRX data.

However, resale flat prices within non-mature estates climbed 0.9 percent year-on-year as most are reaching their five-year minimum occupation period.

He noted the upcoming mega port will double the country’s current annual port capacity of 36 million TEUs (20-foot equiv...
12/10/2019

He noted the upcoming mega port will double the country’s current annual port capacity of 36 million TEUs (20-foot equivalent units).

The new port is expected to become the world’s biggest fully automated container terminal once it begins operating in the 2040s.

The MND stressed that with HDB soon embarking on redevelopment plans for many of the older blocks, the buffer of rental ...
12/10/2019

The MND stressed that with HDB soon embarking on redevelopment plans for many of the older blocks, the buffer of rental units is for catering to existing tenants whose flats are up for redevelopment in the coming years.

The MND stressed that with HDB soon embarking on redevelopment plans for many of the older blocks.

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