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Singapore Property Market News

Singapore Property Market

  • Unsold private homes in the pipeline rose to 34,467
    The significant increase occurred as the Strata Titles Board gave its nod to more collective sales. The number of unsold private residential units in the pipeline here almost doubled from 18,891 units at the end of 2017 to 34,467 units by 31 December 2018, revealed a recent report from List ... read more
    Source: Singapore Property Market NewsPublished on 2019-02-20
  • REDAS calls on government to tweak property cooling measures
    Last year, the government raised the ABSD payable by developers from 15 percent to 30 percent, of which five percent is non-remittable. Real Estate Developers’ Association of Singapore (REDAS) president Chia Ngiang Hong has urged the government to review the additional buyer’s stamp duty (ABSD) policy to avoid the ‘land ... read more
    Source: Singapore Property Market NewsPublished on 2019-02-20
  • DBS Bank misses mortgage growth forecast for 2018
    The bank’s mortgage business continues to be slow. Growth in DBS Bank’s housing loans business weakened further than expected last year following the introduction of new property cooing measures in July, reported the Business Times. Despite revising its original full-year forecast of $4 billion to $2.5 billion when it announced ... read more
    Source: Singapore Property Market NewsPublished on 2019-02-19
  • 930,000 HDB households to get S&CC rebates this year
    The collected S&CC are used by town councils to maintain and upgrade HDB estates in Singapore. Around 930,000 qualified Singaporean households living in HDB flats can look forward to receiving Service and Conservancy Charges (S&CC) rebates this year, according to Finance Minister Heng Swee Keat when announcing the 2019 Budget ... read more
    Source: Singapore Property Market NewsPublished on 2019-02-19
  • Private home sales down 28% m-o-m in January
    Artist’s impression of Fourth Avenue Residences, one of three new projects launched in January. Developers sold 433 private homes in January, down 28 percent from the 602 units moved in December, reported Channel NewsAsia citing Urban Redevelopment Authority data. Last month’s sales were also 17.8 percent lower compared to the ... read more
    Source: Singapore Property Market NewsPublished on 2019-02-18

Overseas Property Market

  • Here’s what the world’s most expensive home looks like
    24 Middle Gap Road in Hong Kong. Photo: Landscope Christie’s   Ageing but prestigious address in Hong Kong country park poised for record-breaking sale. By Property Report The Peak in Hong Kong continues to represent the dizzying heights of residential real estate. Landscope Christie’s International Real Estate is listing a ... read more
    Source: Overseas Property Market NewsPublished on 2018-09-28
  • Here’s what the world’s most expensive home looks like
    24 Middle Gap Road in Hong Kong. Photo: Landscope Christie’s   Ageing but prestigious address in Hong Kong country park poised for record-breaking sale. By Property Report The Peak in Hong Kong continues to represent the dizzying heights of residential real estate. Landscope Christie’s International Real Estate is listing a ... read more
    Source: Overseas Property Market NewsPublished on 2018-09-28
  • Townships built exclusively for foreigners not allowed in Malaysia
    The Forest City development in Johor was recently criticised for being heavily marketed to Chinese buyers and other foreigners. Malaysia’s Finance Minister Lim Guan Eng clarified that while foreigners are welcome to acquire properties in Malaysia, the government is against projects built solely for foreign buyers, reported the Business Times. ... read more
    Source: Overseas Property Market NewsPublished on 2018-09-25
  • Townships built exclusively for foreigners not allowed in Malaysia
    The Forest City development in Johor was recently criticised for being heavily marketed to Chinese buyers and other foreigners. Malaysia’s Finance Minister Lim Guan Eng clarified that while foreigners are welcome to acquire properties in Malaysia, the government is against projects built solely for foreign buyers, reported the Business Times. ... read more
    Source: Overseas Property Market NewsPublished on 2018-09-25
  • Keppel in joint venture to develop Nanjing residential site
    The proposed development in China will comprise over 1,700 apartments and 50 shops. A subsidiary of Keppel Corp has partnered with Gemdale Corporation to jointly develop an 8.8ha prime residential site in Nanjing, China. This comes after Keppel Land China entered into a share purchase agreement (SPA) with Gemdale Corporation’s ... read more
    Source: Overseas Property Market NewsPublished on 2018-09-21