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Singapore Property Market News

Singapore Property Market

  • CDL chief wants ABSD extension to ease “immense pressure”
    (Above: The recently launched Sengkang Grand Residence by CDL) One of Singapore’s largest developers, City Developments Ltd (CDL), has put the finger on the Additional Buyer’s Stamp Duty (ABSD) levy imposed by the government as the indirect cause of the large property supply overhang in Singapore. According to the rules, developers must ... read more
    Source: Singapore Property Market NewsPublished on 2019-12-11
  • 4 years needed to clear property supply glut: Experts
    The current property glut issue in Singapore could take around four years to be eliminated, property experts told Bloomberg. The overhang could also exert a downward pressure on property prices in the midst of an uncertain economic outlook.  The Urban Redevelopment Authority (URA) revealed an overhang of 31,948 units as of ... read more
    Source: Singapore Property Market NewsPublished on 2019-12-09
  • 69% of Singaporeans feel they cannot retire comfortably: Survey
    60% of Singaporeans are not prepared for retirement, while 69% feel that they cannot retire comfortably, according to a survey done by digital wealth manager, Syfe, which was published on Wednesday (4 Dec).  The survey, which uses an index developed by Syfe to measure retirement readiness at four levels, showed ... read more
    Source: Singapore Property Market NewsPublished on 2019-12-07
  • Massive Kampong Bugis white site launched for sale
      Nearly the size of 14 football fields, a sprawling 8.2 ha white site at Kampong Bugis on the Government Land Sales (GLS) reserve list has been made available for application by the Urban Redevelopment Authority (URA) on 5 December. Located at the mouth of Kallang River and located near ... read more
    Source: Singapore Property Market NewsPublished on 2019-12-07
  • Government releases GLS residential sites for 1H 2020
    The Ministry of National Development (MND) announced on 3 December it will release three confirmed sites for private residential developments in the 1H 2020 Government Land Sales (GLS) programme. The 1H 2020 sites will yield a combined 1,775 units. While the number of sites and units released is lower than the five confirmed sites ... read more
    Source: Singapore Property Market NewsPublished on 2019-12-05

Overseas Property Market

  • Keppel to launch 20,000 homes in China
    Keppel Corp enjoys huge overseas landbank unlocking potential, with three million sq m of remaining residential areas for sale in China. Keppel Corp enjoys huge overseas landbank unlocking potential, with three million sq m of remaining residential areas for sale in China – mainly in Shanghai, Wuxi, Chengdu and Tianjin. ... read more
    Source: Overseas Property Market NewsPublished on 2019-06-11
  • First Sponsor extends payment deadline for Chengdu project sale
    First Sponsor Group’s Chengdu Gaeronic Real Estate (CGRE) is allowing payment instalments for parts of its residential and commercial projects in China.  First Sponsor Group’s indirect fully-owned unit, Chengdu Gaeronic Real Estate (CGRE), allowed payment in instalments, extended the payment deadline and further amended other payment terms for the proposed ... read more
    Source: Overseas Property Market NewsPublished on 2019-05-24
  • JLL to hold Portugal property seminar in Singapore
    Portugal saw a record-breaking real estate investment of 3.35 billion euros (S$5.1 billion) in 2018. As real estate values reach near-record levels in London, Berlin, Singapore and Tokyo, international investors have noticed that properties in Lisbon, Portugal are priced lower yet offer higher returns compared to those in the US, ... read more
    Source: Overseas Property Market NewsPublished on 2019-03-22
  • Keppel sells 70% stake in Vietnam township for S$136m
    Keppel Corp is focusing on the overseas market following new cooling measures in Singapore. Through its fully-owned subsidiary Portsville, Keppel Corporation is selling a 70 percent stake in Dong Nai Waterfront City (DNWC) for approximately S$136 million to Nam Long Investment Corporation, revealed an SGX filing on Monday (28 Jan). ... read more
    Source: Overseas Property Market NewsPublished on 2019-01-29
  • Keppel Land China clinches residential site in Tianjin Eco-City
    Keppel Land intends to develop the site into an eco-community featuring 392 terrace homes and 180 apartments. Keppel Land China, a fully-owned subsidiary of Keppel Corporation, has secured a 10.97ha residential site within the Sino-Singapore Tianjin Eco-City for 1.07 billion yuan ($214 million). Located within the mature start-up area ... read more
    Source: Overseas Property Market NewsPublished on 2018-12-20

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