Singapore – A brand new classification system for Build-to-Order (BTO) flats as well as a fourth round of property cooling measures, and more financial assistance for first-time home buyers were among the key housing policies that were introduced in 2024. Here are five of the most popular housing stories of 2024 and what’s to be … Read more
Singapore – Prices for condominium resale transactions rebounded in November, despite a seasonal drop in volumes. The overall price increased by 1.2 percent in the month of March, despite the 5.8 percent drop in resale volume, which was 1,023 estimated units. The market has changed in a positive way from October when prices fell. This improvement … Read more
Urban Redevelopment Authority has put on auction two residential sites at Holland Link and Chuan Grove. The plots form part of the 5,050 residential units that will be released under the confirmed list of the government land sales (GLS) programme for the second quarter of 2024, to satisfy rising demand for housing and ensure market … Read more
Cuts in interest rates, together with a record-breaking six new private residential launches that were announced in November, have sent developers’ sales surging to 2,557 units, the highest monthly total since the time 2,793 units were sold in March 2013. According to the Urban Redevelopment Authority, data released on December 16, this represented an increase … Read more
Rents on HDB flats fell for the first month since January, as tenants turned their attention to the condo market which is continuing to drop. Flash estimates published by SRX and 99.co on Friday (Jun 21) showed that HDB rents retreated 0.3 per cent month on month, but were still 6.2 percent higher year on … Read more
In May, new private home sales fell to their lowest level since records began in June 2007. The sales were down by more than 80 percent year-on-year. The marketing of major projects was not as strong last month, when the slowdown in mid-year sales was compounded by sales sagging in the last few months. Data published … Read more
Families who qualify and are waiting to receive their BTO units may now apply for $300 vouchers each month to pay for the rent of a HDB apartment, or bedroom that is available on the open market. The program under the Parenthood Provisional Housing Scheme (PPHS) that provides temporary rental homes for families that have … Read more
The local business mood continues to rise for the fourth consecutive quarterly. The index of business optimism increased modestly to 4.94 percent for the third quarter in 2024 from 4.82 percent points during the prior quarter. The index is based upon a business sentiment survey which the Singapore Commercial Credit Bureau (SCCB) conducts every quarter, … Read more
SINGLE Singaporeans were able to celebrate from Budget 2024, particularly on the housing front. If they meet certain requirements, a single Singapore citizen aged 55 or above can now claim the refund of the Additional Buyer’s Stamp Duty (ABSD) that they paid on the second home they buy. The ABSD refund is a substantial amount, as … Read more
According to the proposed plans according to the proposed plans, around 10,000 homes could be constructed in Fernvale North near the Tampines Expressway. Urban Redevelopment Authority is preparing an 18.9ha housing area that will be bordered by Jalan Kayu and Fernvale Street. The TPE and the upcoming Sengkang West Drive, will be part of the … Read more
