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Singapore Property Market News

Singapore Property Market

  • Property market upturn on the horizon
      There’s mounting confidence that Singapore’s real estate market is about to recover from its four-year slump, reported Bloomberg. According to the latest data from the Urban Redevelopment Authority (URA), developers sold 3,077 private homes (excluding executive condominiums) in Q2 2017 compared to 2,962 units in the previous quarter and ... read more
    Source: Singapore Property Market NewsPublished on 2017-08-23
  • Florence Regency up for collective sale
    Built in the late 1980s, Florence Regency comprises 336 units of apartments and maisonettes. It has a gross plot ratio of 2.8 and a site area of 389,236 sq ft. With 71 years left on its lease, the site could yield up to 1,300 apartment units. (Photo: JLL) Former HUDC ... read more
    Source: Singapore Property Market NewsPublished on 2017-08-22
  • Oxley revenue up 36% in Q4
      Oxley Holdings saw its revenue for Q4 2017 increase by 36 percent year-on-year to S$224.33 million mainly due to revenue recognition using the completion of construction method upon the handover of certain plots in The Royal Wharf Phase 1A. Profit after tax and minority interest (PATMI) fell 41 percent ... read more
    Source: Singapore Property Market NewsPublished on 2017-08-22
  • Normanton Park launched for sale, owners expecting above $800m
    Each owner could receive between $1.6 million and $1.8 million if the sale goes through. (Photo: Knight Frank)     The huge Normanton Park site located beside Kent Ridge Park has been launched for collective sale for a second time, marketing agent Knight Frank said on Monday (21 August). ... read more
    Source: Singapore Property Market NewsPublished on 2017-08-21
  • Park West owners make third collective sale attempt
    Featuring a land area of 633,644 sq ft, Park West comprises 432 apartments and four shop units.  Following two failed attempt at a collective sale in 2007 and 2011, condominium owners at Park West are hoping that their third try at an en bloc sale would be successful, reported Business ... read more
    Source: Singapore Property Market NewsPublished on 2017-08-21

Overseas Property Market

  • Delhi will grow the fastest in Asia by 2021
    View of Delhi from Jama Masjid, India Delhi’s growth will outpace that of other cities in Asia in the next few years, Oxford Economics reported in a new study.  India’s capital ranked first in the advisory firm’s ranking of prospective economic growth rates in Asia’s 30 largest cities. Propelled by ... read more
    Source: Overseas Property Market NewsPublished on 2017-08-17
  • Hong Kong’s public housing hit record price
      The property boom in Hong Kong has spread to public housing, with a 126 sq m housing unit at the Fung Tak Estate in Kowloon district sold for a record price of HK$1.95 million early last month, reported Bloomberg citing Full Mark Property Agency. This comes as the rental ... read more
    Source: Overseas Property Market NewsPublished on 2017-08-15
  • Johor Sultan: RTS design impractical, unsustainable
    Sultan Ibrahim Sultan Iskandar also noted that the structure would disrupt the city skyline along the Johor Straits. Although he welcomes the project, the Sultan of Johor has slammed the proposed design of the Rapid Transit System (RTS) rail track between Singapore and Johor Bahru, saying it is unsustainable, impractical ... read more
    Source: Overseas Property Market NewsPublished on 2017-08-10
  • Property investors feeling the heat of Australia’s lending restriction
    Australian property may lose some of its appeal as an investment asset due to tighter regulations.  After stoking soaring house prices in Australia, property investors are being squeezed as the country’s biggest banks have tightened eligibility requirements, raised minimum deposits and increased rates on interest-only mortgages, reported Bloomberg. Rates for ... read more
    Source: Overseas Property Market NewsPublished on 2017-08-04
  • Nominations open for PropertyGuru Philippines Property Awards 2018
    Awards will be presented for outstanding township, alternative housing, and mid-end and affordable condo developments.  Nominations are now open for the sixth annual edition of the PropertyGuru Philippines Property Awards, which was officially launched at a press briefing in Manila on Thursday (3 August). It is touted as the country’s ... read more
    Source: Overseas Property Market NewsPublished on 2017-08-03