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Singapore property investment market to return to pre-Covid-19 levels in quarters ahead: ColliersProperty investment sal...
03/05/2021

Singapore property investment market to return to pre-Covid-19 levels in quarters ahead: Colliers

Property investment sales in Singapore are expected to return to pre-Covid-19 levels over the next three quarters of the year as investor sentiments continue to improve amid economic growth and stability, said real estate consultancy Colliers in a report on Thursday (April 15).

Real estate investment sales rose 25.8 per cent in the first quarter of this year, posting a year-on-year increase of 47.9 per cent to $3.8 billion. The figure excludes mergers and government land sales.

Real estate investment sales rose 25.8 per cent in the first quarter of this year.. Read more at straitstimes.com.

Developers expected to vie keenly for Lentor, Tampines housing sites launched for saleMarket experts are expecting keen ...
03/05/2021

Developers expected to vie keenly for Lentor, Tampines housing sites launched for sale

Market experts are expecting keen competition for two government land sale (GLS) sites for private housing launched on Thursday (April 15), given their location, the strong state of the housing market and developers' need to build up their land banks.

Market experts are expecting keen competition for the two government land sale sites.. Read more at straitstimes.com.

China’s home price boom spreads to more cities as investors defy curbsNew home prices in China rose at the fastest pace ...
02/05/2021

China’s home price boom spreads to more cities as investors defy curbs

New home prices in China rose at the fastest pace in seven months in March and price rises spread to more cities, data showed on Friday (April 16), as property demand remained red-hot despite government efforts to cool the market.

Separate official data also showed property investment remained elevated for the first three months of the year, and sales soared even as authorities further tightened property curbs in dozens of major cities.

BEIJING (REUTERS) - New home prices in China rose at a faster pace in March, data showed on Friday (April 16), even as authorities have taken measures to further clamp down on property speculation.. Read more at straitstimes.com.

New private home sales in S'pore hit 4-year high for March as buyers flocked to high-end condosBuyers jumped in after th...
02/05/2021

New private home sales in S'pore hit 4-year high for March as buyers flocked to high-end condos

Buyers jumped in after the Chinese New Year break in anticipation of an economic recovery, sending new private home sales last month to 1,296 units - the highest March take-up since 2017 and double the 645 units sold in February.

Year on year, developers booked 96 per cent more sales in March, with a little under half of the units coming from high-end condominiums in the prime districts.

"Buyers flush with cash and seeking stability are investing in stable assets like properties," said Mr Lee Sze Teck, director of research at Huttons Asia.

Year on year, developers booked 96 per cent more sales in March.. Read more at straitstimes.com.

GIC and ESR Cayman to acquire Australia property portfolio for A$3.8 billion Entities of GIC and Hong Kong-listed ESR Ca...
01/05/2021

GIC and ESR Cayman to acquire Australia property portfolio for A$3.8 billion

Entities of GIC and Hong Kong-listed ESR Cayman have entered into an agreement on Saturday with funds managed by Blackstone to acquire a property portfolio in Australia for A$3.8 billion (S$4.1 billion).

In an exchange filing on Sunday, ESR Cayman said the property portfolio is the "largest logistics portfolio ever put to market in Australia".

SINGAPORE (THE BUSINESS TIMES) - Entities of GIC and Hong Kong-listed ESR Cayman have entered into an agreement on Saturday with funds managed by Blackstone to acquire a property portfolio in Australia for A$3.8 billion (S$4.1 billion).. Read more at straitstimes.com.

Suspension Of Late Payment Charges On HDB Mortgage, Public Rental Extended Further To 30 SeptemberThese include deferred...
01/05/2021

Suspension Of Late Payment Charges On HDB Mortgage, Public Rental Extended Further To 30 September

These include deferred or reduced repayment schemes and extension of loan tenure to reduce the monthly instalments

The suspension of late payment charges was first suspended in April for three months, before it was extended to 30 September. It was then extended again in October last year to 31 March. This is the third extension.

Freehold Development Park Nova To Preview On 1 MayPark Nova, a 21-storey freehold residential development project by Hon...
30/04/2021

Freehold Development Park Nova To Preview On 1 May

Park Nova, a 21-storey freehold residential development project by Hong Kong-listed Shun Tak Holdings, is set to open for preview on 1 May.

Located at 18 Tomlinson Road in District 10, the project features 54 units measuring between 133 sq m and 548 sq m. It is designed by London-based architectural firm PLP Architecture, which integrated lush surroundings into the infrastructure of the building.

Park Nova features 54 units and offers easy accessibility to the Central Business District and Orchard Road shopping belt.

MAS Keeps Monetary Policy UnchangedAs widely expected, the Monetary Authority of Singapore (MAS) has maintained its mone...
29/04/2021

MAS Keeps Monetary Policy Unchanged

As widely expected, the Monetary Authority of Singapore (MAS) has maintained its monetary policy on Wednesday (14 April), on the back of the uncertainties brought about by the COVID-19 pandemic and weak inflation, reported Channel News Asia (CNA).

In its half-yearly monetary policy statement, Singapore’s central bank maintained “a 0% per annum rate of appreciation” of its policy band.

MAS also left the width of the policy band as well as the level at which it is centred unchanged.

The Monetary Authority of Singapore (MAS) has maintained a 0% per annum rate of appreciation on the back of the uncertainty of the economy and weak inflation.

5 Reasons To Live In Marina BayWords Michelle YeeIt’s easy to see why the Marina Bay area has fast become one of the mos...
29/04/2021

5 Reasons To Live In Marina Bay

Words Michelle Yee

It’s easy to see why the Marina Bay area has fast become one of the most luxurious and coveted neighbourhoods in the city – over the last two decades, the area has been extensively developed and is now flanked by gleaming skyscrapers, immaculately curated green spaces, and some of the city’s most iconic attractions including the Marina Bay Sands, Gardens by the Bay, and the Singapore Flyer.

Furthermore, the Central Business District (CBD) is located just a stone’s throw away. That is not all, getting to the other parts of Singapore from Marina Bay is also a breeze as the area is well-served by major transportation networks. Here are five detailed reasons that will tempt you to move to this charming neighbourhood.

Surrounded by some of the city’s most iconic attractions, the Marina Bay area is a unique location offering a balance of nature, attractions, and modern conveniences.

New Private Home Sales Double In March Amid Fresh Interest In Luxury PropertiesSingapore saw sales of new private homes,...
28/04/2021

New Private Home Sales Double In March Amid Fresh Interest In Luxury Properties

Singapore saw sales of new private homes, excluding executive condominiums (ECs), double to 1,296 units in March from 645 units in February, according to Urban Redevelopment Authority data released on Thursday (15 April).

On an annual basis, developers’ sales soared 96.4% from the 660 units transacted in March 2020.

“This brings the developer sales in the first quarter of 2021 to 3,573 units, up 66.3% compared to the same period last year, and also the highest quarterly developer sales since Q2 2013’s 4,538 units, which triggered the eight round[s] of cooling measures,” said Tricia Song, Head of Research for Singapore at Colliers International.

Private home sales doubled month-on-month (1,296 units in March 2021 versus 645 units in February 2021) and year-on-year (660 units in March 2020).

Lentor Central, Tampines Street 62 Sites Launched For TenderThe Urban Redevelopment Authority (URA) and the Housing and ...
28/04/2021

Lentor Central, Tampines Street 62 Sites Launched For Tender

The Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB) on Thursday (15 April) launched two sites at Lentor Central and Tampines Street 62 (Parcel A) for tender.

Launched for sale under the confirmed list in the first half 2021 Government Land Sales (GLS) Programme, the two sites come with a 99-year leasehold tenure. Together, they can yield around 1,195 residential units.

Zoned for residential with commercial at first storey use, the site at Lentor Central has an area of 17,279.9 sq m and a maximum gross floor area (GFA) of 60,480 sq m. The maximum building height for the site is 35 metres Singapore height datum (SHD) in the low-rise zone, and 107 metres SHD in the high-rise zone. It could yield about 605 units.

Both Lentor Central and Tampines Street 62 sites have a 99-year leasehold tenure and can collectively yield around 1,195 residential units.

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