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[vc_row][vc_column][vc_column_text]Housing and Development Board reported a net loss of S$5.4 Billion for its fiscal year 2022. This is a record breaking S$4.4 Billion, set in FY2021. The latest net deficit was also primarily due to the shortfall in the housing programme for the public. The Home Ownership Programme spent S$4.7 billion to build Build-To-Order flats […]

[vc_row][vc_column][vc_column_text]Knight Frank’s marketing agent said that on Wednesday (Nov. 22), the two-storey, freehold property located in a GCB prime area in Bukittimah, attracted a great deal of interest after being put up for auction. Mary Sai is the executive director for capital markets in Knight Frank Singapore. She said: “In an open and fair tendering

[vc_row][vc_column][vc_column_text]The reserve list for the GLS second half 2023 has released two Government Land Sales sites, in Holland Drive and De Souza Avenue Upper Bukit Timah. Analysts believe that developers are unlikely to bite anytime soon. The government accepts a minimum bid price from developers who apply for sites on the reserve list. Analysts believe

[vc_row][vc_column][vc_column_text]The number of resale flats sold in October rose by 10.8 per cent to an estimated 2,200 units, in contrast with the 19.7 per cent decline the month before. Compared with October 2022, transactions were up by 12 per cent. More buyers were looking for flats in the central region as these do not come

[vc_row][vc_column][vc_column_text]Pullman residences Newton was at the top of a list condos where new psf highs were seen from October 10-16. The developer EL Development a subsidiary company of Evan Lim & Co achieved the new psf high with the sale of a one-bedroom apartment of 463 square feet for $1.73million on October 11. The seller

[vc_row][vc_column][vc_column_text]Pearl’s Hill, according to the agency, will be designated a car-free district and supported by a network of active mobility that encourages walking, cycling, and other forms of physical activity. The former barracks of the police will be transformed into a node for the community that offers adaptive reuse and a variety of lifestyle offerings.

[vc_row][vc_column][vc_column_text]Hungry Ghost Festival & high interest rates contributed to slower sales in both quarters. Realis statistics from Urban Redevelopment Authority show that 3,121 units were purchased in the Q3 2023 whereas 2,748 ECs were not sold. CCR resale dropped to 476 units at the end of Q3 and RCR to 808 unit from 954 during

[vc_row][vc_column][vc_column_text]The Assembly Place, a co-living operator in Malaysia, has launched a 426-bed premium student housing at 116 Lorong J Telok Kurau. The Campus by TAP is divided into two buildings on the 104,469 square feet site. A smaller block of three storeys with 161 bed and a bigger block of four stories with 265 bed.

[vc_row][vc_column][vc_column_text]Interest rates have been higher than expected for longer, which has affected the affordability of homebuyers. In the future, interest rates will continue to influence affordability. Many local banks offer HDB loans above 3%. Not everyone is eligible to borrow from HDB at 2.6. As more flats go up for sale, there may also be a shift