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Ringfencing of residential, commercial land from foreigners may drive investors to other asset types
21/07/2023

Ringfencing of residential, commercial land from foreigners may drive investors to other asset types

THE move to restrict foreign buyers from purchasing land zoned as “commercial and residential” without government approval may result in a diversion of foreign investment to other asset classes, analysts said. Read more at The Business Times.

Wing Tai’s The LakeGarden Residences to start previews on Jul 22
21/07/2023

Wing Tai’s The LakeGarden Residences to start previews on Jul 22

PREVIEWS for the new Jurong project, The LakeGarden Residences, will start on Saturday (July 22), with prices starting at just under S$2,000 per square foot (psf). Read more at The Business Times.

Americans overtake Chinese as top foreign buyers of Singapore condos in Q2: OrangeTee
21/07/2023

Americans overtake Chinese as top foreign buyers of Singapore condos in Q2: OrangeTee

AMERICANS have overtaken mainland Chinese buyers as the top foreign buyers of Singapore condominiums, OrangeTee said in a report released on Thursday (Jul 20). Read more at The Business Times.

Foreigners must get approval to buy ‘commercial and residential’ land, properties: MinLaw, SLA
19/07/2023

Foreigners must get approval to buy ‘commercial and residential’ land, properties: MinLaw, SLA

FOREIGNERS will be required to get government approval to purchase land currently zoned as “commercial and residential” from Thursday (Jul 20). Read more at The Business Times.

Just 2 bids for Jalan Tembusu private housing site; EC plot in Tampines garners 7 bidders
19/07/2023

Just 2 bids for Jalan Tembusu private housing site; EC plot in Tampines garners 7 bidders

THERE was a sharp contrast in demand for two 99-year leasehold residential sites at state land tenders on Tuesday (Jul 18). Read more at The Business Times.

Prime retail rents set to rise as global brands expand in Singapore: Knight Frank
19/07/2023

Prime retail rents set to rise as global brands expand in Singapore: Knight Frank

SINGAPORE’S prime retail rents are expected to rise between 3 per cent and 5 per cent for the whole of 2023, despite signs of the growth moderating in the second quarter, said Knight Frank in a report on Tuesday (Jul 18). Read more at The Business Times.

As retail leasing guidelines become law, tenants want more data from landlords
19/07/2023

As retail leasing guidelines become law, tenants want more data from landlords

EVEN as guidelines for retail leasing are set to become law, tenants want to go beyond the proposed legislation and request more data from landlords. More data will give them a leg up in rental negotiations, tenants said. Read more at The Business Times.

New private home sales slump in June amid few launches, but sales set to rise strongly in July
18/07/2023

New private home sales slump in June amid few launches, but sales set to rise strongly in July

DEVELOPERS sold 278 private residential units in June 2023, a 73.2 per cent fall from May’s figures of 1,039 units, and fewer than the 488 units sold in the same period the year before. Read more at The Business Times.

Pinetree Hill sells 38% of 400 units during launch weekend at average selling price of S$2,460 psf
17/07/2023

Pinetree Hill sells 38% of 400 units during launch weekend at average selling price of S$2,460 psf

NEARLY 38 per cent of the 400 units at Pinetree Hill in Ulu Pandan were sold during its launch weekend at an average selling price of S$2,460 per square feet (psf), developers UOL Group Limited (UOL) and Singapore Land Group said on Sunday (Jul 16). Read more at The Business Times.

More than half of Grand Dunman’s 1,008 units sold on launch weekend at average price of S$2,500 psf
17/07/2023

More than half of Grand Dunman’s 1,008 units sold on launch weekend at average price of S$2,500 psf

GRAND Dunman moved more than half its units on the first weekend of its launch at an average price of S$2,500 per square feet (psf), its developers SingHaiyi Group and CSC Land Group said on Sunday (Jul 16). Read more at The Business Times.

Singapore prime non-landed home sales ease to S$1.1 billion in H1 2023
13/07/2023

Singapore prime non-landed home sales ease to S$1.1 billion in H1 2023

THE total sales value of private prime non-landed residential property in Singapore fell to S$1.1 billion in the first half of 2023, said real estate consultancy Knight Frank. Read more at The Business Times.

Katong Shopping Centre relaunches collective sale with unchanged S$638 million reserve price
12/07/2023

Katong Shopping Centre relaunches collective sale with unchanged S$638 million reserve price

FREEHOLD Katong Shopping Centre has been relaunched for collective sale at the same reserve price of S$638 million, after its recent en bloc bid closed in May without a sale. Read more at The Business Times.

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