Residential Property
En-bloc market to collapse following ABSD rate hike: analyst
Singapore increased the ABSD for all residential statuses by 3% to 30%.
Private house prices rise 3.3% in 1Q23
The Q1 figure is an increase from the 4Q22 growth of 0.4%.
Acquisitions boost CICT’s earnings YoY in Q1
The net property income (NPI) grew to $276.3m.
Ohmyhome eyes sector and market expansion post-Nasdaq debut
CEO Rhonda Wong brings properties vision ‘to be there for everyone’ from SG to the world.
ABSD rate hike: The winners and the losers
Singapore increased the ABSD for all residential statuses by 3% to 30%.
HDB shophouse in Marine Parade up for sale
The property is on sale via an Expression of Interest exercise.
Condo tenants shift to HDB flats due to high rent: experts
More renters might choose cheaper units if private rents remain elevated.
Heads up: Gov’t raises ABSD rates to manage property investment demand
The rates increased to 60% for foreigners whilst 65% for entities or trusts.
Suntec REIT’s distributable income drops 26.8% YoY to $50.3m in 1Q23
Given the drop, it recorded a 27.4% YoY lower DPU to unitholders.
FCT’s net property income rises 5.7% YoY to $137.96m in 1H23
Despite the increase, it recorded a 0.1% YoY lower DPU of $0.06130.
HDB rents rise 0.7% MoM in March
By room type, 3 Room recorded the highest rent increase.
Condo rents drop 0.3% MoM in March
Rents across sub-markets dropped in March, except for CCR.
Condo resale prices up 1.4% in March amidst widening price gap with new homes
Analysts said more buyers are turning to secondary market.
Chart of the Day: Auction listings down 3% QoQ in Q1
The seasonal lull from the New Year led to the decline.
Four single-storey HDB shophouses in Tampines on sale for $12m
The property is up for sale until 17 May.
Chart of the Day: Commercial sector dominates investment sales transactions in Q1 2023
The sector saw a total investment sales of $3.38b
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