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Listed property group City Developments (CDL) clinched the Top Developer Award for the ninth consecutive year at the Edg...
30/10/2025

Listed property group City Developments (CDL) clinched the Top Developer Award for the ninth consecutive year at the EdgeProp Singapore Excellence Awards (EPEA) 2025. It also received the Sustainable Developer Award, marking a double win that reinforces CDL’s leadership in quality and sustainability.

“Being the only developer to achieve this milestone reflects our commitment to delivering high-quality, sustainable, and innovative developments that create lasting value,” says Chia Ngiang Hong, group general manager of CDL. “It’s a testament to the trust of our customers and partners, the dedication of our employees, and the strong relationships we’ve built with stakeholders for over 60 years.”

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City Developments clinched the Top Developer Award for the ninth consecutive year and the Sustainable Developer Award at the EdgeProp Excellence Awards 2025

Every so often, the numbers remind us of real estate’s sheer weight in the global economy. According to Savills, the tot...
30/10/2025

Every so often, the numbers remind us of real estate’s sheer weight in the global economy. According to Savills, the total value of all real estate, residential, commercial, and agricultural land stood at US$393.3 trillion at the start of 2025. Even with a slight 0.5% dip year-on-year, property remains the world’s largest store of wealth by a long margin. To put this in perspective: the value of all the gold ever mined comes in at US$20.2 trillion. That’s just about five per cent of what real estate is worth. In fact, the asset class outstrips global equities and debt combined.

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Savills values global real estate at US$393T in 2025. See which countries dominate—and why Singapore ranks far higher than its size suggests.

SINGAPORE – Sales at the luxury private development Zyon Grand continued the strong momentum seen in recent weekend laun...
30/10/2025

SINGAPORE – Sales at the luxury private development Zyon Grand continued the strong momentum seen in recent weekend launches, with the River Valley project selling 590 of its 706 units, or 84 per cent, at an average of $3,050 per sq ft (psf).

Almost all buyers at Zyon Grand were Singaporeans and permanent residents, developers City Developments Limited (CDL) and Mitsui Fudosan said in a statement on Oct 26.

Prices started from $1.3 million for a one-bedroom-plus-study unit of 474 sq ft, $1.47 million for a two-bedder (538 sq ft), $2.2 million for a three-bedder (818 sq ft), $3.97 million for a four-bedroom premium unit with private lift (1,421 sq ft), and $5.99 million for five-bedroom supreme units with private lift (1,819 sq ft).

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CDL joint venture's luxury development, Zyon Grand, achieves strong sales in Singapore, moving 84% of units at an average of $3,050 psf. Read more at straitstimes.com. Read more at straitstimes.com.

SINGAPORE - The 666-unit Skye at Holland was almost sold out over its weekend launch, making it the strongest project la...
30/10/2025

SINGAPORE - The 666-unit Skye at Holland was almost sold out over its weekend launch, making it the strongest project launch performance so far in 2025.

Real estate agents said the blockbuster sale signals a broader recovery in the core central region (CCR) market segment, and also bodes well for other upcoming residential launches.

Jointly developed by UOL Group, Singapore Land Group, CapitaLand Development (CLD) and Kheng Leong, the 99-year leasehold condominium in Holland Village moved 658 units, or 98.8 per cent, over the weekend.

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The project had an average selling price of $2,953 psf, with two-bedroom units starting at $1.51 million. Read more at straitstimes.com. Read more at straitstimes.com.

SINGAPORE – New private home sales fell for a fourth straight month in June amid cautious market sentiment and the mid-y...
30/10/2025

SINGAPORE – New private home sales fell for a fourth straight month in June amid cautious market sentiment and the mid-year school holiday lull.

Excluding executive condominiums (ECs), 272 new private homes were sold in June, down from 312 units in May, even as more newly launched units were put on the market, according to Urban Redevelopment Authority data. Developers launched 187 units across two projects in June, a significant increase from just 20 units in May.

June’s sales were 19.3 per cent higher than the 228 units sold in the same month in 2024.

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Property analysts expect private home sales to see an uptick in July amid several launches. Read more at straitstimes.com. Read more at straitstimes.com.

[SINGAPORE] Eligible couples buying their first Housing and Development Board (HDB) home are now finding it easier to ge...
30/10/2025

[SINGAPORE] Eligible couples buying their first Housing and Development Board (HDB) home are now finding it easier to get a Build-To-Order (BTO) flat.

Amid the ramp-up in supply of new HDB flats, the average application rate for first-timer families across all flat types was 2.1 times in 2024, versus the pre-Covid pandemic rate of 3.7 times in 2019.

For the July exercise, the median application rate for first-timer families was 1.4 times for three-room and bigger BTO flats. Among first-timer families, the application rate for four-room BTO flats ranged from 1.2 times for Sembawang Beacon to 6.7 times for Simei Symphony.

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Might a higher income ceiling to buy public housing be announced in this year’s National Day Rally? Read more at The Business Times.

[SINGAPORE] Executive condominium (EC) prices have climbed to new highs in 2025, with new sale prices crossing S$1,700 p...
30/10/2025

[SINGAPORE] Executive condominium (EC) prices have climbed to new highs in 2025, with new sale prices crossing S$1,700 per square foot (psf) for the first time.

Analysts attributed the rising prices to growing land and development costs, as well as stiff competition for EC land among developers, as fewer sites have been released for tender in recent years than before.

Caveats data showed that the median price of new EC units stands at S$1,754 psf in the year thus far, 14 per cent higher than 2024’s S$1,538 psf and more than double the S$797 psf recorded in 2015.

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Median prices of new and resale units are more than double 2015 levels, hitting their highest since 1996 Read more at The Business Times.

SINGAPORE – More homes are set to be built next to Pasir Ris MRT station, on the site of the former Pasir Ris Bus Interc...
30/10/2025

SINGAPORE – More homes are set to be built next to Pasir Ris MRT station, on the site of the former Pasir Ris Bus Interchange, while a new community hub for the town centre is in the works.

Based on the Urban Redevelopment Authority’s (URA) Draft Master Plan 2025, the homes will be built on a plot about 2.9ha in size – equivalent to the area of four football fields – that has been zoned for housing, with commercial use on the first storey.

In addition, the Government is studying plans for a new neighbourhood in the town, to be located next to Sungei Loyang on a site that is currently largely vegetated.

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The potential new neighbourhood could be located next to Sungei Loyang on a site that is currently largely vegetated. Read more at straitstimes.com. Read more at straitstimes.com.

SINGAPORE: Private home prices rose 0.9 per cent in the third quarter of 2025, slightly lower than the 1 per cent increa...
30/10/2025

SINGAPORE: Private home prices rose 0.9 per cent in the third quarter of 2025, slightly lower than the 1 per cent increase in the preceding quarter, according to the latest data from the Urban Redevelopment Authority (URA) released on Friday (Oct 24).

Check the full guide here:

Developers launched 4,191 private residential units (excluding executive condominiums) in the third quarter, compared with the 1,520 units in the previous quarter.

SINGAPORE (EDGEPROP) - Private home prices increased by 0.5% q-o-q in 3Q2023, according to flash estimates released by U...
30/01/2025

SINGAPORE (EDGEPROP) - Private home prices increased by 0.5% q-o-q in 3Q2023, according to flash estimates released by URA on Oct 2. The growth reflects a slight rebound from the 0.2% decline recorded in 2Q2023. The decline, which came off the back of cooling measures announced in April, had marked the first drop in private residential property prices after 12 consecutive quarters of growth.

The growth reflects a reversal from the 0.2% decline recorded in 2Q2023.

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