Residential Property
PM Lee orders speedy review on ministers’ rental of state properties
PM Lee orders speedy review on ministers’ rental of state properties
The Singapore Land Authority (SLA) said the two residential properties were rented.
Economic challenges, new supply to drag private residential rents in H2
Savills observed that the pace of rent increase has slowed in Q1, at 7.2% QoQ.
Developers face new requirements as Singapore safeguards property market from AML/TF activities
SG rolls out new anti-money laundering and terrorism financing requirements for developers that take effect on 28 June.
New home prices to increase at ‘more sustainable pace’
Experts expect price growth to come at 4% to 6% for the whole year.
CapitaLand Ascendas REIT acquires Seagate’s R&D facility for $218.24m
The acquisition will expand CLAR’s footprint in the one-north district by 13%.
More launches drive new home sales up by 80.3% MoM in April
April marked the highest new home sales since September 2022.
Mainland Chinese buyers to be most affected by the ABSD rate hike: report
In Q123, buyers from China purchased 316 non-landed homes.
LHN Limited’s net profit plunges 47.4% YoY to $16.9m in H123
Despite the net profit decline, the company proposed a higher interim dividend of $0.01.
Expert warns of higher cost of doing business in Singapore because of ABSD rate hike
Government raised the ABSD rate for foreigners buying properties in Singapore from 30% to 60%.
Frasers Property Limited’s attributable profit grew 42.8% in H1
It went up to $225.8m in the first half (H1) of fiscal year 2023.
Centurion's group revenue climbs 5% YoY to $47.1m in Q1
By geographical area, the company recorded its highest revenue in Singapore.
The Reserve Residence to open for preview on May 12
It comprises 732 residential units.
Chart of the Day: Prices of property sale listings grew 0.7% in Q1
It rebounded close to the data from the third quarter (Q3) of 2022.
Singaporean proptech Ohmyhome debuts on NASDAQ
CEO Rhonda Wong discusses plans for expansion and growth in Southeast Asia after the IPO.
SG retains lead in Asian outbound real estate investment
The Lion City’s investment reached US$28.284b.
Rental demand for HDB and private non-landed residential declines in Q2
PropertyGuru sees expatriates’ rental demand to be slower due to low expansion.
Hospitality, retail, and office REITs benefit from reopening
However, there is a limited new supply for logistics, office and retail segments.
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