As property prices continue to climb, Minister for National Development Desmond Lee has reassured Singaporeans that the government is “not averse” to introducing more cooling measures. However, he emphasized the importance of letting current policies take effect before making further adjustments. Balancing Market Stability and Economic Uncertainty Mr. Lee highlighted the need to strike a […]
Singapore’s property market saw a slowdown in new home sales in December 2024, with developers moving 203 units (excluding executive condominiums). This is a significant drop from the November high of 2,560 units but still represents a 50% increase compared to the 135 units sold in December 2023. Best-selling projects in Dec (Including ECs) Project […]
Two suburban residential land plots saw moderate interest when their tenders closed on Jan 14, reflecting developers’ conservative approach in the current economic climate. With a significant supply of government land sale (GLS) sites expected this year, developers appear to be pacing their bids strategically. Measured Interest in Tengah’s First Private Residential Plot The tender […]
One Bernam, a mixed-use development in Tanjong Pagar, is on the brink of a sellout, with 99% of its 351 residential units sold. Over the weekend of January 11–12, a promotion for the remaining 87 units led to overwhelming demand, leaving only three penthouses available. A Look at One Bernam’s Appeal Developed by MCC Land […]
The wait is over for homebuyers eyeing Toa Payoh! After nearly a decade, a new private residential development, The Orie, has launched in this highly sought-after neighborhood. Developed by renowned builders City Developments (CDL), Frasers Property, and Sekisui House, this project marks the first private launch in Toa Payoh since 2016. Prime Living in District […]
The charming River Valley Apartments, nestled in the heart of Singapore’s prime District 10, has been put up for collective sale at an attractive price of $56 million. This exclusive freehold site presents a unique opportunity for developers and investors to craft a boutique residential development in one of Singapore’s most sought-after neighborhoods. Prime Location […]
The Urban Redevelopment Authority (URA) has made a unique proposal to the owners of Golden Mile Tower, offering bonus gross floor area (GFA) if the building’s cinema block is preserved. This comes as part of the collective sale efforts for the iconic development located along Beach Road. Golden Mile Tower, an 18-storey office building with […]
The US dollar has surged to its strongest level in more than two years, as the Federal Reserve signals a slower pace of monetary easing in 2025. This development highlights the dollar’s resilience amid shifting global economic conditions. Why Is the US Dollar Strengthening? On Dec 18, the Bloomberg Dollar Spot Index rose by 0.9%, […]
The Central Provident Fund (CPF) system in Singapore is evolving to better support members in building their savings for retirement, housing, and healthcare. Starting in January 2025, eight important changes will take effect, each designed to strengthen CPF’s role as a cornerstone of Singapore’s social security system. Here’s a breakdown of these updates: 1. Closure […]
Singapore’s private property market witnessed a remarkable surge in November, hitting its highest monthly sales in over 11 years. Developers sold 2,557 private homes (excluding ECs), a significant jump from October’s 738 units. This strong performance reflects pent-up demand, improved buyer confidence, and the excitement surrounding several major new project launches. Market Performance at a […]
