Residential Property
PropNex’s FY2024 net profit drops 14.4% YoY to $40.2m
PropNex’s FY2024 net profit drops 14.4% YoY to $40.2m
The decline was due to lower commission income from project marketing services.
Private home sales triple in Q4 2024 as rates decline
The Rest of Central Region (RCR) led the growth, with sales rising from 391 units in Q3 to 1,859 units in Q4.
ELTA sales marks Clementi’s enduring appeal amongst homebuyers
Two-thirds of its 501 units were already sold.
River Valley Apartments sells for $56m
It was sold in a tender exercise that closed on 18 February 2025.
PARKTOWN Residence sells over 87% of launched units
The average price for the sold units is $2,360 per square foot.
MCL Land’s ELTA sells 326 units during launch
The two-bedroom units emerged as the most sought-after.
UOL unit, China Jinmao wins tender for Shanghai residential site
The acquisition will expand UOL’s development footprint in China.
Far East Hospitality Trust expands into Japan with Sheraton hotel purchase
The company will acquire Four Points by Sheraton Nagoya for $52.8m.
Thakral’s GemLife to build Australia’s first vertical land lease community
The project is worth $384m.
Singapore private residential rents stabilise in 2024 after sharp growth
The average monthly rent for luxury condominiums in Savills’ basket increased by 1.7% QoQ in Q4/2024.
January HDB rental volume rises amidst price dip
2,636 HDB flats were rented in January 2025.
Monthly condo rental volumes up as prices dropped in January
6,306 units were rented in January 2025.
Hong Leong unveils Lentor Central Residences
Room sizes range from 463 sq. ft. for a 1-bedroom to 1,399 sq. ft. for a 4-bedroom.
Freehold land in District 15 up for sale at $38m via tender
The vacant plot spans approximately 3,300.7 sq m (35,528 sq ft) and is zoned for "3-storey mixed landed housing."
New launches, lower rates drive January home sales surge: analysts
For the remainder of 2025, market watchers expect steady demand as interest rates ease and new launches hit the market.
Foreign buyers snap up 13 units in January, CCR leading demand
Six of the 13 purchases made by foreign buyers were in the Core Central Region (CCR).
Gov’t to upgrade 29,000 HDB flats
Over $407m will be allocated.
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