Residential Property
Developers to bear new responsibilities in screening buyers under new bill
Developers to bear new responsibilities in screening buyers under new bill
Violators may pay a $100,000 fine or be disqualified from obtaining future licences.
Freehold site in prime Novena revives en bloc attempt at $145.8m
Over 60% of land owners have agreed to lower the price to $129.1m.
URA shoebox rules do not impose minimum flat size: Minister Wong
It only prescribes higher average sizes to 85 sqm.
New private home sales plunge 47.7% in October as developers market less projects
This translates to 932 sold units.
Weakening property market deals another heavy blow to China's slowing economy
The number of failed land auctions has doubled to 796 from January-July 2018.
Yanlord Land Group profits skyrocketed 61% to $201.1m in Q3
It was boosted by significant increases in GFA delivered to customers.
HDB rents rose 0.3% in October
Rents for HDB three-rooms grew 1%.
Private condo rents dipped 0.7% in October
Rental volumes fell 1.7% to 4,207 rented units.
UOL profits plummeted 85% to $92.81m in Q3
Revenue from property development crashed 43% to $164.96m due to the completion of some projects.
HDB launches over 7,000 flats for sale
Prices range from $87,000 for a two-room Flexi SBF unit to $472,000 for a five-room BTO flat.
Private condo resale prices dipped 0.4% in October
Resale volume rose 3.7% to 703 units resold.
Oxley leases No. 2 Dublin Landings for $166.32m
Oxley will be entitled to 76.84% of the price, which covers a 300-year lease.
Revised shoebox unit policy may spur buying frenzy: analyst
Buyers may rush to snap up such units, which they can sell at a higher price in the future.
Investors' outlook remain bleak as dropping yields hit property sector
Total returns may decline by as much as 4% per annum if capital appreciation trends between 1-2% downwards.
HDB resale prices down 0.2% in October
HDB Executive prices slipped 2.2%.
CapitaLand's China home sales hit $396.7m in October
The Metropolis in Kunshan saw the highest sales of $150.29m amongst the four launches.
Price hikes of prime properties in Singapore rally to world's highest in Q3
Prime prices grew 13% in just a year, surpassing rates in Edinburgh and Madrid.
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