SG Luxurious Homes

13/01/2021

The economists also held on to their earlier forecast of a rebound for 2021, predicting a 5.5% growth. The figure is in line with the government’s forecast of between 4% and 6% expansion for next year.

A further deterioration in the COVID-19 pandemic continued to top the list of downside risks to the economy. It is followed by concerns on insufficient stimulus as well as the escalation in US-China trade tensions, noted CNA.

06/01/2021

COVID-19 has sparked a shift in property buying habits, and we expect these trends to persist as the nation embraces the “new normal”. Buyers are likely to remain price-sensitive and open to larger homes in suburban districts which are more value-for-money.

The PropertyGuru Singapore Property Market Outlook 2021 looks back on the momentous happenings and events that have impacted the property sector this year, pulling together key data and expert insights to predict what's in store for 2021.

30/12/2020

New private home sales in Singapore rose 18.9% month-on-month to 767 units in November (excluding executive condominiums (ECs)), on the back of new project launches by developers.

The increase in private home sales comes on the back of new project launches by developers, with The Linq @ Beauty World emerging as the best-selling development for November.

23/12/2020

In Singapore, Chinese buyers accounted for nearly 25% of the total foreign property acquisitions during the first three quarters of 2020, showed Cushman and Wakefield data.

22/12/2020

While the COVID-19 pandemic has triggered Singapore’s worst-ever recession, it has not deterred Singaporeans from snapping up properties, reported Reuters.

The government cautions Singaporeans from the lure of cheap mortgages, and to remain prudent "given the labour market uncertainties in the current economic situation".

06/04/2020

The drop in revenue was partially offset by increased revenue recognition from development projects such as Amber45, Avenue South Residence, The Tre Ver and Park Eleven in Shanghai as well as higher sales from United Industrial Corporation Limited’s (UIC) technology business.

The company attributed the hike to higher attributable fair value and other gains of $165.1 million compared with the previous year’s $85.3 million.

30/03/2020

he cut follows a 0.3% and 5.5% decrease in DC rates during the September 2019 and March 2019 review.

The cut follows a 0.3% and 5.5% decrease in DC rates during the September 2019 and March 2019 review.

23/03/2020

Data from URA showed that rents have increased by 1.4% last year, while the number of leases inked rose to a decade-high 93,920 units.

16/03/2020

major trade partner with China, the city-state’s economy is expected to contract 0.6% in the first quarter of 2020 – a first since the 2009 recession following the global financial crisis.

A major trade partner with China, the city-state’s economy is expected to contract 0.6% in the first quarter of 2020 – a first since the 2009 recession following the global financial crisis.

09/03/2020

Following two weeks of sales, Bukit Sembawang Estates Limited announced on 29 February that all 39 units of Luxus Hills have been sold, creating a new benchmark in pricing with average prices for inter-terraces at $3.35M, or $2,070psf on land.

The final phase of the development saw 64% of its units sold through a limited release.