Singapore is experiencing strong growth in wealth inflows, despite financial institutions tightening their onboarding processes following last year’s $3 billion money laundering case, according to Chia Der Jiun, Managing Director of the Monetary Authority of Singapore (MAS). To further support this growth, MAS is working to reduce the processing time for its tax incentive scheme, […]
Allgreen Properties, the owner of Great World mall, has submitted the top bid of $730.1 million for the Zion Road GLS site. This 99-year leasehold plot, known as Zion Road Parcel B, saw a lackluster bidding interest but still managed to attract a bid that analysts say was within market expectations. The site, released for […]
The sales of new private homes in Singapore plummeted to a record low in the first half of 2024, primarily due to a lack of new launches and price resistance amid weak market sentiment. Tricia Song, head of research for Singapore and Southeast Asia at CBRE, reported that a total of 1,916 units were transacted […]
Prime home sales in Singapore remained strong in the first half of 2024, surpassing figures from the second half of 2023 across all residential types in both sales value and transaction numbers. According to a report by Knight Frank released on July 9, a total of 98 luxury non-landed homes were sold, with a total […]
This past weekend, the latest residential project in Jurong Lake District, Sora, saw impressive sales figures. By 6 pm on Sunday (July 7), developers SingHaiyi and TK 189 Development announced that 102 units, or 23.2 percent of the total available, had been sold at an average price of S$2,160 per square foot (psf). Of the […]
Singapore’s property market is set for a significant boost as at least 2,000 new private homes are expected to launch in the third quarter of 2024. This surge in supply comes from a mix of highly anticipated projects across various districts, promising to meet the robust demand for residential properties. Major Projects Leading the Launch […]
Thomson View Condominium is back on the market for collective sale, holding steady with its reserve price of S$918 million. This relaunch comes after a previous tender closed on April 18 without securing a deal. The reserve price of S$918 million translates to a land rate of S$1,275 per square foot per plot ratio (psf […]
The Housing Development Board (HDB) has announced the sale of a prime mixed-use site in Tampines Street 94, open for tender starting June 27. This plot, part of the first half of the 2024 Government Land Sales (GLS) programme, offers a fantastic opportunity for both commercial and residential development. This 99-year leasehold site is strategically […]
The Government Land Sales (GLS) programme for the second half of 2024 has introduced ten new sites, offering promising opportunities for residential housing. The Ministry of National Development (MND) revealed that six of these sites are on the confirmed list, while four are on the reserve list. Among the highlights are two parcels in Media […]
The opening of the fourth stage of the Thomson-East Coast Line (TEL4) on June 23 has brought significant excitement and convenience to commuters in the East Coast area. The new stretch, spanning 10.8 kilometers and consisting of seven stations, promises to transform daily commutes and enhance connectivity in the region. A Game-Changer for Daily Commuters […]
