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04/06/2026

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30/05/2026

📰🗞️ PROPERTY NEWS 🗞️📰
29 May 2026, Friday

LIANHE ZAOBAO

Resale prices of non-landed private homes fell by 0.4 per cent in April, decline widens compared to March

Singapore's private home resale prices fell for the second consecutive month, with the overall resale price of non-landed private homes declining by 0.4 per cent month-on-month in April, a further widening of the drop from 0.1 per cent in March. Preliminary data released on 28 May by 99.co and SRX estimated that 1,125 units were resold in April, 20.9 per cent higher than in March, but 6.8 per cent lower than the April 2025 average and 9.5 per cent lower than the average for April over the past five years.

EDGEPROP

How the Greater Southern Waterfront transformation puts Pasir Panjang on the map

The Greater Southern Waterfront (GSW) is one of Singapore’s biggest long-term urban transformations — a 30km corridor stretching from Pasir Panjang to Marina East, slated for progressive development into a major belt for housing, recreation, lifestyle and work over the coming decades. Pasir Panjang sits at the western anchor of this waterfront corridor along the city’s southern coastline, and is increasingly drawing attention as the transformation takes shape.

28/05/2026

📰🗞️ PROPERTY NEWS 🗞️📰
27 - 28 May 2026, Wednesday to Thursday

THE BUSINESS TIMES

Canberra Drive executive condo site is first to test market after EC rules tightened

In what will be the first test of developer appetite for executive condominium (EC) projects following a fresh tightening of rules, the government has launched the tender for an EC site at Canberra Drive in Sembawang. The 11,535-square-metre (sqm) parcel can yield about 185 units, with a gross floor area of 18,457 sqm.

THE BUSINESS TIMES

One Raffles Place attracting interest from IOI, CLI, tycoons: sources

One Raffles Place, a major office complex in the heart of Singapore’s commercial centre, is attracting interest from multiple suitors, according to people with knowledge of the matter. Parties that are looking to acquire the asset, which is being marketed for more than S$2.3 billion, include father-and-son property tycoons Raj Kumar and Kishin RK, Malaysian developer IOI Properties Group and Singapore asset manager CapitaLand Investment (CLI), the people said, asking not to be identified because the information is private.

THE BUSINESS TIMES

Allianz said to have leased about 78,000 sqft at Shaw Tower

Allianz is understood to have leased about 78,000 square feet (sqft) at the new Shaw Tower in Beach Road, in the biggest leasing deal signed so far at the redeveloped project. The group is expected to relocate from CapitaSky at 79 Robinson Road, where it is said to occupy about 88,000 sqft. Its lease there will end in March 2027.

EDGEPROP

Flex workspaces get pricier in Singapore, led by Marina Bay; demand rises in Jurong: report

Singapore's flexible workspace landscape is seeing rising rates for co-working desks, growing interest from small teams, and longer commitments — with the Jurong area in particular gaining traction, according to analysis by The Instant Group, a marketplace for flex workspaces. Average desk rates across Singapore were up by 15 per cent in the first quarter of 2026 compared to a year ago, reaching US$687 (S$877) per desk per month, the company noted in a May 25 report.

EDGEPROP

No room on campus? Co-living steps up for students in Singapore

Singapore has spent years positioning itself as a major education hub in Asia, and the pitch has worked. With foreign student numbers climbing, the tens of thousands who are expected to arrive in the city over the next few years will need somewhere to live. On-campus halls of residence, often heavily oversubscribed and not guaranteed after the first year or two at many universities, were not built to absorb demand at that scale. Meanwhile, the private rental market runs largely on annual leases, which can be a poor fit for students on semester timelines or short exchange stints.

LIANHE ZAOBAO

Pinnacle@Duxton five-room flat hits estate record while four-room resale sets national high

A five-room flat at the landmark Pinnacle@Duxton HDB development in Tanjong Pagar was recently sold for S$1.63 million, setting a new resale price record for the project and once again drawing market attention to price trends for premium public housing in the city area. At the same time, a four-room flat in the same development was recently sold for S$1.55 million, making it the most expensive four-room resale HDB flat in Singapore’s history. According to property website EdgeProp Singapore, the five-room unit sold for S$1.63 million last week is located on the 43rd to 45th floors of Block 1B at Pinnacle@Duxton. The flat measures about 1,130 sqft, with an average price of around S$1,442 per sqft. Its lease began in 2011 and has about 84 years remaining.

LIANHE ZAOBAO

148 properties auctioned in Q1 2026, nearly 70 per cent of which were sold under mortgage

Singapore recorded 148 auction listings in the first quarter of this year, the majority of which were residential properties. Analysts predict that the auction market will remain active throughout the year, driven by mortgagee sales. According to a first-quarter auction market report released by real estate consultancy Knight Frank, of the 148 listings, 103, or nearly 70 per cent, were mortgagee sales; 30, or 20 per cent, were sold by owners.

26/05/2026

📰🗞️ PROPERTY NEWS 🗞️📰
26 May 2026, Tuesday

LIANHE ZAOBAO

Successful bidder for Adam Road black-and-white bungalow required to conduct archaeological study concurrently

As the market tender for Adam Park gets underway, the authorities will also concurrently conduct archaeological studies. In February this year, the Singapore Land Authority launched a tender for 19 conserved black-and-white bungalows in Adam Park, requiring the successful bidder’s team to include a project archaeological expert.

EDGEPROP

The Assembly Place to debut 'AI-powered' co-living property at Lorong 22 Geylang

The Assembly Place (TAP) has entered into a tenancy agreement with Char Yong (Dabu) Association for a dual-block property at 27 and 29 Lorong 22 Geylang. TAP plans to transform the property into Singapore’s “first AI-powered co-living development”, designed to deliver a “technology-abled and community-centric living experience”.

25/05/2026

📰🗞️ PROPERTY NEWS 🗞️📰
23 - 25 May 2026, Saturday to Monday

THE BUSINESS TIMES

Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects

Developers that deliver “defect-ridden” housing projects or commit serious safety breaches may be barred from taking part in future residential land tenders or selling new homes for up to five years. In a circular issued on Friday (May 22), the Ministry of National Development, Urban Redevelopment Authority (URA) and Building and Construction Authority said that these tougher measures were introduced to provide greater protection for homebuyers and deter “severe errant developer behaviour”.

THE BUSINESS TIMES

CapitaLand chalks up over 80 per cent occupancy for Geneo cluster at Science Park; rents meet expectations

CapitaLand’s S$1.4 billion Geneo business park and life sciences development at Singapore Science Park (SSP) is over 80 per cent occupied, with rents achieved in line with expectations, the park’s developer said. Jonathan Yap, CEO of CapitaLand Development (CLD), told The Business Times that leasing demand has been “good so far, with a mix of large and small tenants from the life sciences and technology sectors”.

EDGEPROP

Buyer snaps up freehold Geylang Road shophouse before auction

A freehold two-storey shophouse located within the Geylang Conservation Area has been sold ahead of auction. The option to purchase has already been issued to the buyer, says Sharon Lee, Knight Frank Singapore’s executive director of auction and sales. The property was initially slated to go under the hammer at Knight Frank’s auction on May 21. Offered as an owner’s sale, the property carried a guide price of S$6.4 million, or S$2,766 psf based on its floor area of about 2,314 sqft.

EDGEPROP

Gate+ sells 52 per cent in two days at average of S$660 psf amid strong industrial demand

More than half the units at Gate+, the first strata-titled industrial development within the Tukang Innovation precinct, have been sold within two days of launch. As at May 24, 137 units (about 52 per cent) of the project’s 265 units had been sold at an average price of about S$660 psf. The take-up at Gate+ follows robust demand seen at other recent industrial launches. Earlier this month, all 66 units at the freehold strata-titled industrial development CT Gold in MacPherson were sold within two days of launch.

THE EDGE

The Great Room grows to 10 locations with ‘managed solutions’ to debut

Four years after being acquired by CBRE-backed US flexible workplace provider Industrious, The Great Room has three back-to-back openings scheduled here, starting with the debut of The Great Room Keppel South Central in June Co-working, co-living and other sharing models gaining traction are built on the same fundamental principle: city-dwellers today want flexibility and experiences, says Su Anne Mi, CEO and co-founder of The Great Room by Industrious. “It works in a place like Singapore really well, because Singapore is small, we’re space constrained, we have a lot of global travellers who are always in and out, and everything is quite centralised.”

22/05/2026

📰🗞️ PROPERTY NEWS 🗞️📰
22 May 2026, Friday

THE EDGE

1Q2026 strata industrial sales lowest since 2020: Savills Singapore

Strata industrial sales in 1Q2026 declined 17.5 per cent q-o-q to 335 deals — the lowest level since 2020 — with pricing diverging sharply by tenure, and freehold assets outperforming as investors opt for “longer-term value preservation”, according to Savills Singapore. “The subdued turnover reflects continued buyer selectivity, with capital deployment largely concentrated in assets offering stronger fundamentals, longer-term value preservation or operational advantages,” says Savills’ industrial report on May 13.

THE BUSINESS TIMES

Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million

A family member of Haidilao co-founder Shi Yonghong is understood to have bagged a freehold bungalow in Cluny Hill for S$85 million. The property is next to the one that Shi, also known as Sean Shi, bought for S$50 million in 2022 from Dr Lee Wei Ling, the daughter of Singapore’s founding prime minister Lee Kuan Yew. Dr Lee died in 2024.

EDGEPROP

CDL sets sights on 570-unit Lucerne Grand launch, two new ECs and M Hotel Singapore renovation

City Developments Ltd (CDL) plans to launch its 570-unit Lucerne Grand private condo project on Lakeside Drive in 3Q2026, while its two executive condo (EC) projects in Woodlands and Senja totalling 732 units — not affected by the latest tightened EC rules — are expected to debut in 1Q2027. Located near Jurong Lake Gardens and beside Lakeside MRT Station, the Lucerne Grand project will comprise five 17-storey towers with commercial space on the first storey.

21/05/2026

📰🗞️ PROPERTY NEWS 🗞️📰
21 May 2026, Thursday

LIANHE ZAOBAO

Local private residential rents rose 0.3 per cent month-on-month in April, hitting a new high

Benefiting from stable rental demand and limited new private residential supply, rents for non-landed private homes in Singapore rose for the second consecutive month, with overall rents increasing by 0.3 per cent month-on-month in April, reaching a record high. Preliminary data released on Wednesday, 20 May, by real estate website 99.co and the Singapore Real Estate Exchange (SRX) showed that 6,491 private residential units were rented out in April, 1.6 per cent higher than the 6,386 units rented out in March.

20/05/2026

📰🗞️ PROPERTY NEWS 🗞️📰
20 May 2026, Wednesday

THE EDGE

Tengah Garden Residences, Vela Bay propel April new home sales to six-month high

Sales of new private homes surged to a six-month high in April as two mass-market new launches “supercharged” sales, says PropNex. Developers sold 1,548 new homes (excluding executive condominiums, or ECs) during the month, 19 per cent up m-o-m. Including the transactions done in 1Q2026, developers sold a combined 3,561 new units (excluding ECs) in 4M2026, or about a third of the 10,815 units sold in 2025.

19/05/2026

📰🗞️ PROPERTY NEWS 🗞️📰
19 May 2026, Tuesday

LIANHE ZAOBAO ONLINE

Starting with the S$1.53 million flat, the value of one HDB flat has increased 50-fold

Whenever record-breaking resale prices for HDB flats appear in the news, it always draws attention to the trend of HDB resale prices. Recently, a four-room HDB flat in Moh Guan Terrace, Tiong Bahru, sold for S$1.53 million, but surprisingly, its lease had only about 45 years and 9 months remaining.

THE STRAITS TIMES ONLINE

Lease for Singapore’s largest used-car hub set to be renewed till 2040 after owners pay S$68 million

The lease for Automobile Megamart in Ubi is set to be extended until end-2040, after the owners of the eight-storey building paid S$68 million by the deadline set by the authorities. The Singapore Land Authority (SLA) confirmed on the evening of May 18 that it received payment on May 15 from the lawyer appointed by the owners for the lease renewal. The existing lease would have otherwise lapsed on July 18.

EDGEPROP

Three 999-year factories at Hillview Terrace for sale at S$24.4 million

A trio of 999-year leasehold terraced factories at 28, 34B and 38A Hillview Terrace are being offered for sale via private treaty. The properties, which are available for sale individually or collectively, have a combined asking price of S$24.4 million. The properties are being sold by Absolute Kinetics Consultancy, a Ministry of Manpower-accredited training provider, with Colliers as the appointed marketing agent. Two of the factories are vacant, while one is tenanted, Colliers adds.

18/05/2026

📰🗞️ PROPERTY NEWS 🗞️📰
16 - 18 May 2026, Saturday to Monday

8WORLD

Pickleball craze continues, with some new housing developments featuring pickle ball courts

Hillhaven, a private residential development at Hillview Rise jointly developed by Far East Organization and Sekisui House Ltd., and Promenade Peak, a private residential project launched by Allgreen Properties on Zion Road, will both feature pickleball courts upon completion for the convenience of residents. When asked, a spokesperson for Allgreen Properties stated that the company has always kept a close eye on evolving lifestyles and is committed to providing popular amenities for residents when developing new projects. “We believe it will become a highly utilised and inclusive recreational facility as pickleball is easy to pick up and suitable for people of all ages, coupled with its rapid rise in popularity in recent years.”

THE BUSINESS TIMES

Hudson Place Residences sells 61.5 per cent of units on launch weekend at average price of S$2,458 psf

Homebuyers snapped up 61.5 per cent, or 201 of 327 new units, at one-north project Hudson Place Residences over its launch weekend, at an average selling price of S$2,458 per square foot (psf). The strongest take-up rates were recorded by its three-bedroom deluxe units, all 14 of which are fully sold, and its 1,152 square feet (sq ft) four-bedroom premium units, of which more than 88 per cent was sold, said the developers on Sunday (May 17).

THE BUSINESS TIMES

Developers sell 1,548 new homes in April, chalking up the highest sales in six months

Developers sold 1,548 private homes, excluding executive condominiums (ECs), in April, up 129 per cent year on year and reaching the highest monthly level in six months. April sales were up 19.1 per cent from the 1,300 units sold in March, data released by the Urban Redevelopment Authority on Friday (May 15) showed.

THE BUSINESS TIMES

Boom in big-ticket real estate deals keeps Singapore dealmakers on their toes

Real estate dealmakers are preparing for a busy season with a boom in big-ticket transactions. This comes as cheaper financing makes large acquisitions viable while also bringing more assets onto the table. “We are clearly seeing greater transaction momentum compared with the past one to two years,” said Chua Yang Liang, JLL South-east Asia head of research and consultancy.

THE BUSINESS TIMES

Second Berlayar condo plot and 1,010-unit New Upper Changi site released for sale

The Urban Redevelopment Authority has released for sale a second residential site in the new Berlayar estate, and a large plot at New Upper Changi Road to yield a huge 1,010-unit project. Market watchers expect to see keen interest in both 99-year-leasehold sites, with bids in the region of S$1,400 per square foot per plot ratio, going by recent land tenders.

THE BUSINESS TIMES

UOL to buy out UOB stake in former Faber House for S$68 million amid Nomad Hotel rebuild

Property developer UOL on Friday (May 15) inked a deal to purchase the interest it does not already own in the Orchard Road property formerly known as Faber House for S$68.5 million. Located at 230 Orchard Road, the property is being redeveloped into a new mixed-use commercial development.

THE STRAITS TIMES

18,000 flats in 12 towns across Singapore to be upgraded under HIP

Around 18,000 flats across Singapore have been selected for home upgrading works under the Housing Board’s Home Improvement Programme (HIP). The 198 blocks chosen for upgrades are located in 12 towns including Bedok, Bishan, Jurong West, Pasir Ris, Sengkang, Serangoon, Tampines and Woodlands.

EDGEPROP

Owner to exit S$102.8 million conservation shophouse portfolio after 20-year journey

A portfolio of six conservation shophouses with a combined indicative value of S$102.8 million has been launched for sale. The owner, who requested anonymity, has been investing in conservation shophouses since 2007. The six properties, located across the Beach Road, Tanjong Pagar and Chinatown conservation areas, are available for sale individually or collectively.

LIANHE ZAOBAO ONLINE

SUTL Enterprise: The acquisition deadline for Marina at Keppel Bay has been extended to July 31

Regarding the S$40 million acquisition of Marina at Keppel Bay, buyer SUTL Enterprise and seller Keppel Bay have agreed to extend the long stop date for fulfilling the conditions precedent to the acquisition to July 31 this year. SUTL Enterprise said in a Singapore Exchange filing on Friday (May 15) that the buyer’s right to exercise the call option, or where applicable, the seller’s right to exercise the put option, is subject to and conditional upon the marina plot being allotted a separate lot number and that lot number taking effect.

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