Residential Property
Kelvin Fong steps up as Deputy CEO of PropNex
Kelvin Fong steps up as Deputy CEO of PropNex
He previously held the Executive Director position in the company.
REIT Watch: Here are the top 10 S-Reits in H1
S-REITs generated 9.3% total returns.
‘Prime’ time for change: Why the HDB reclassification is long overdue
The long MOP likely won’t deter demand for Plus and Prime units, analysts said.
From ‘Mature’ to ‘Plus’: Singapore revamps HDB classification
HDB flats will be classified as “Standard”, “Plus”, and “Prime” under the new model.
New home sales in July reach an all-new-high since 2021
Around 6,500 to 7,500 new private homes will be sold during the year.
Property prices may trade sideways due to high-interest costs
Edmund Tie anticipates prices to rise by 3-5% in 2023.
Families to be interested in Clementi Avenue 1 and Pine Grove sites
But developers continue to be cautious about high costs.
Shophouses in Club Street, Yio Chu Kand Road for sale
The submission of expression of interest closes on 20 September, 3 pm.
Suntec City Tower 1’s 31st floor for sale at $43m
Foreign buyers can purchase the floor with no additional ABSD or SSD.
Sales of future new launches likely to experience ‘some friction’
Two of the recently launched developments had a take-up rate of 23%.
Large RCR project launches boost residential sales volume growth in Q2
The new residential sales volume increased 69.3% to 2,127 units.
TMW Maxwell offers 80 units, sells seven units in phase 1
The initial phase saw seven units sold at prices ranging from $1.5m to $2.5m.
CDL posts lower PATMI of $66.5m in 1H23
The company attributed the decline to the absence of substantial divestment gains in 1H22.
PropNex’ net attributable profit falls 18.4% YoY to $22.1m in 1H23
Given the lower profit, the company proposed an interim cash dividend of 2.5 cents a share.
HDB resale prices up 7% in July, but less flats resold
A total of 2,056 HDB flats were resold during the month, 13% lower than a year ago.
Chart of the Day: 5 most popular HDB towns amongst Singaporean homebuyers
The top 5 HDB towns accounted for 37.4% of transactions in 2Q23.
Why Singaporean investors consider residential property as the safest asset class
One in six ultra-high-net-worth individuals in SG plan to buy a property in 2023.
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