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Singapore Property Market News

Singapore Property Market

  • Greater Southern Waterfront to feature 9,000 public, private homes
    Prime Minister Lee Hsien Loong on Sunday (18 August) confirmed for the first time that the future Greater Southern Waterfront (GSW) will have Housing and Development flats. In his National Day Rally speech, Mr Lee revealed that about 9,000 public and private housing units will be built on the Keppel ... read more
    Source: Singapore Property Market NewsPublished on 2019-08-19
  • Merlion, Changi Airport Control Tower most important heritage sites for Singaporeans
    Singaporeans ranked the Merlion, the Control Tower of Changi Airport and the Singapore Botanic Gardens as the top three “heritage sites” with the highest popularity and physical appeal, reported Today Online citing an Institute of Policy Studies (IPS) study. Titled as Perceptions of Singapore’s Built Heritage and Landmarks, the study ... read more
    Source: Singapore Property Market NewsPublished on 2019-08-16
  • Private home sales jumped 43.5% in July
    Developers moved 1,178 new private homes, excluding executive condominiums (ECs), in July, up 43.5 percent from the 821 units sold in June. On an annual basis, the figure was 31.7 percent lower compared to the 1,724 units transacted in July 2018, when panic buyers rushed to snap units before the ... read more
    Source: Singapore Property Market NewsPublished on 2019-08-16
  • Stephen Riady acquires Nassim Road GCB from OUE unit for $95mil  
    Stephen Riady, the executive chairman and controlling shareholder of OUE Limited, is purchasing a good class bungalow (GCB) at Nassim Road from an OUE unit for $95 million, revealed OUE in an SGX filing on Wednesday (14 August). OUE Reef Development, an indirect fully-owned subsidiary of OUE, has entered into ... read more
    Source: Singapore Property Market NewsPublished on 2019-08-15
  • Singapore cuts economic forecast for this year
    The Singapore government slashed its full-year economic growth forecast to between zero growth and 1%, from its previous projection of between 1.5% and 2.5%, the Ministry of Trade and Industry (MTI) said on Tuesday (13 August). This comes as global conditions worsened, “partly due to the escalation in the US-China trade ... read more
    Source: Singapore Property Market NewsPublished on 2019-08-14

Overseas Property Market

  • 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
  • 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