Residential Property

The acquisition is about €76.8m ($112.2m).

Loh Hwee Long will take the helm on 28 July 2023.

Compared to March, RCR and OCR rents are higher, whilst CCR rent prices fell slightly.

These include affordable apartments and flexible lease options.

The majority of the launches have a waiting time of less than four years.

Whilst the country ranked second for having expensive private homes.

The 15-month wait-out period is a factor.

Each property has basement parking, five bedrooms, and an internal lift.

A $18m unit at the Sculptura Ardmore was April’s most expensive condo unit resold.

Real estate investors must stick to ESG and other niche markets in APAC.

Property analysts said sales will be driven by pent-up demand for new homes.

The Singapore Land Authority (SLA) said the two residential properties were rented.

Savills observed that the pace of rent increase has slowed in Q1, at 7.2% QoQ.

SG rolls out new anti-money laundering and terrorism financing requirements for developers that take effect on 28 June.

Experts expect price growth to come at 4% to 6% for the whole year.

The acquisition will expand CLAR’s footprint in the one-north district by 13%.