Residential Property
Will Singapore head into a housing bubble soon?
Will Singapore head into a housing bubble soon?
Analysts weigh in on whether the conditions are ripe for a housing bubble or not.
HDB resales up 9.7% to 1,195 units in February
Resale prices were down by 2.4%.
Private condo prices hit record highs
The average price of non-landed homes reached a new high of $1,427 psf in January to February 2018.
Soho builds LinkedIn for properties
It raised $1.71m to double product development speed and team size at their Singapore headquarters.
Posh home prices up 22% in January-February
The average price for a luxury home rose to $2,049 psf in Jan-Feb 2018.
Chart of the Day: HDB owners bought 10,517 private homes in 2017
HDB owners were attracted to private home enclaves in the suburban areas.
Sentosa Cove property lost 42% of value after sale
It was sold for $3.25m, whilst the last owner purchased the unit in 2011 at $5.64m.
Chart of the Day: Condo sales hit a four-year high in 2017
Sales volume rose 67.8% YoY to 11,988 units.
Executive condo sites lure aggressive bids amidst supply drought
This was seen through the record-breaking top bids for EC site Sumang Walk.
URA tenders Cuscaden Road residential site
It can house over 170 units.
Sumang Walk's EC development could yield 820 units
Since the site was sold for $509.37m, it could have a breakeven price of $1,000 psf.
Windy Heights up for en bloc sale at $806.2m
The site currently has four residential blocks of 192 apartment units, eight penthouses, and two commercial units.
Holland Road condo up for en bloc sale at $220m
Developers can turn it into a residential development of 166 units.
Tulip Garden up for en bloc sale at $753m
When redeveloped, it can offer up to 670 new homes with an average size of 790 sqft.
Sinarmas Land 2017 profits up 209.8% to $355.97m
Its revenue jumped to $1b due to high sales of land parcels.
Home sales to foreigners jumped 44.7% to 1,549 units in Q4 2017
One reason was that prices are considerably cheaper than Hong Kong and Shanghai.
Chart of the Day: Upcoming office supply to plunge in 4 years
This is a positive for rents, which could improve gradually as supply for space is squeezed.
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