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Here's another sign Singapore's housing market is recovering
29/06/2017

Here's another sign Singapore's housing market is recovering

SINGAPORE — Chalk up another sign Singapore’s housing market is recovering: Redevelopment deals are back. After slowing to a trickle the past three years as housing prices fell, four redevelopment deals - where a group of owners band together to sell entire apartment blocks at a hefty premium - have...

Geylang plot action a wake-up call for property owners, buyers: Experts
29/06/2017

Geylang plot action a wake-up call for property owners, buyers: Experts

SINGAPORE — With the authorities recently affirming the policy stance that no compensation will be awarded to residential property owners upon lease expiry, private home buyers and sellers will soon need to brace themselves for a reality check. Over the coming decade, thousands of condominium or apa...

Lives less ordinary — How Geylang Lor 3 residents embrace the estate's messy but quirky charms
29/06/2017

Lives less ordinary — How Geylang Lor 3 residents embrace the estate's messy but quirky charms

SINGAPORE — Leaky roof extensions, shoddily patched walls and rubbish-strewn alleys are a common sight in Geylang Lorong 3, a world apart from the neater, well-manicured private estates elsewhere. The 2ha estate is making history as Singapore’s first private residential plot to be returned to the st...

Property cooling measures here to stay: MAS
29/06/2017

Property cooling measures here to stay: MAS

SINGAPORE — Amid a moderation in Singapore’s residential property market, cooling measures for the Singapore real estate sector remain necessary even as “the risk of a renewed unsustainable surge in property prices is not trivial”, the Monetary Authority of Singapore said on Thursday (June 29). The...

En-bloc market stirs, but frenzy unlikely to ensue
29/06/2017

En-bloc market stirs, but frenzy unlikely to ensue

SINGAPORE — The residential en-bloc market is seeing some interest, with four collective transactions conducted so far this year generating a total value of S$1.5 billion — exceeding the combined value of en-bloc deals done last year. Property experts that TODAY spoke to, however, said conditions ar...

Options limited as 99-year leases shorten, but homeowners not in rush to sell
29/06/2017

Options limited as 99-year leases shorten, but homeowners not in rush to sell

SINGAPORE — In three years’ time, the apartment in People’s Park Complex that Mr Goh Boon Teck and his wife and son have been living in since 1980 would be at the mid-point of its 99-year lease. Although he intends to sell the unit, the 68-year-old shop owner is not rushing into letting go of the pl...

New Majestic Hotel to shut on June 1 for new developments
28/06/2017

New Majestic Hotel to shut on June 1 for new developments

SINGAPORE — One of Singapore’s pioneer boutique hotels - the New Majestic Hotel - will bring down the shutters on June 1 after 11 years in the business. Housed in a traditional conservation shop house at Bukit Pasoh Road in Chinatown, the hotel will make way for new developments. Unlisted Collection...

The S$139 billion city next to Singapore has a big China problem
28/06/2017

The S$139 billion city next to Singapore has a big China problem

SINGAPORE — The US$100 billion (S$139 billion) city rising from the sea next to Singapore has hit a roadblock: China’s capital controls. The dream of a Malaysian version of Shenzhen — largely funded by Chinese developers and buyers — with hotels, offices, golf courses, tech parks and thousands of ri...

Singapore, Hong Kong property marching in opposite directions
28/06/2017

Singapore, Hong Kong property marching in opposite directions

SINGAPORE — Whether you look at prices or policy, the property markets in Singapore and Hong Kong are marching resolutely in opposite directions. Singapore has eased some rules in its property market, after more than three years of home price declines. Hong Kong in November tightened some restrictio...

Singapore’s February private home sales triple from year ago on demand
28/06/2017

Singapore’s February private home sales triple from year ago on demand

SINGAPORE — Singapore home sales in February more than tripled from a year earlier as developers marketed new projects to meet pent-up demand. Developers sold 977 units last month, compared with a 382 revised units in January, according to data released on Wednesday (March 15) by the Urban Redevelop...

PropNex, DWG join forces to form Singapore’s largest property agency
28/06/2017

PropNex, DWG join forces to form Singapore’s largest property agency

SINGAPORE — Two homegrown property brokerage firms — PropNex Realty and Dennis Wee Group (DWG) — are merging to create Singapore’s largest real estate agency with a combined salesforce of about 7,000 people. PropNex and DWG announced the merger on Monday (June 12). Both companies said that “there is...

28/06/2017

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