Singapore’s land sales have surged to an extraordinary six-year high, totaling S$8.15 billion in the fiscal year ending March 31, 2024. This remarkable achievement surpasses the previous record of S$8.4 billion set in FY2017, showcasing a significant uptick in government revenue from state land sales (GLS). The contrast between FY2023 and the preceding fiscal years […]
The Singapore Department of Statistics (SingStat) has released data revealing that the median income from work for households in Singapore exceeded $10,000 for the second consecutive year in 2023. The figure, which applies to resident employed households, saw a 7.6% increase from the previous year, reaching $10,869. The data sheds light on the economic well-being […]
The Housing Development Board (HDB) has revealed ambitious plans for an integrated development adjacent to Kembangan MRT station, encompassing approximately 340 Build-To-Order (BTO) units and a five-story building featuring a new community club, supermarket, retail shops, outpatient healthcare facility, and more. The development aims to enhance community facilities, add retail options, and create a vibrant […]
City Developments Ltd (CDL) announced a robust start for Lumina Grand Executive Condominium (EC) as more than half of its available units were sold during its launch weekend. The development, situated at the junction of Bukit Batok West Avenue 5 and Bukit Batok Road, garnered significant interest with 53% of the 512 units sold at […]
A residential development is proposed near Kembangan MRT Station, and analysts suggest that the prime location and high value make it more likely to be condominiums. If it were to be HDB flats (public housing), it could be classified as premium HDB flats due to the prime location. The Urban Redevelopment Authority (URA) recently announced […]
Wharf Estates Singapore, formerly known as Wheelock Properties, has listed the freehold retail podium at Scotts Square for sale with a guide price of $450 million. This retail mall is situated in a prime location off Orchard Road, a highly sought-after shopping belt in Singapore. Key details: Scotts Square is a mixed development featuring two […]
Sim Lian Land (CDL) and Far East Organization have initiated the year’s series of new housing launches with the introduction of Lumina Grand executive condominium (EC) and Hillhaven condo projects. Lumina Grand EC by CDL: Hillhaven Condo by Far East Organization and Sekisui House: These launches mark the beginning of an anticipated year in which […]
Private home prices in Singapore continued to show a moderation in growth, increasing by 6.7% in 2023, compared to a growth rate of 8.6% in 2022. The property market experienced a slowdown in transaction volumes, with the number of units sold in 2023 decreasing by approximately 15% from the previous year. Despite the moderation, suburban […]
Amid a slowdown in overall demand for new private homes in Singapore in 2023, sales in the prime district have remained robust. Factors contributing to this trend include a lack of new launches in the prime district, narrowing price gaps compared to other regions, and the appeal of prime district properties for high-net-worth individuals. Key […]
Condominium resale prices in Singapore extended their upward trajectory for the fourth consecutive month in November, although resale volumes remained subdued. According to flash data from SRX and 99.co, overall resale prices increased by 0.4% from the previous month and were 7.4% higher year-on-year. Resale volumes, however, were modest, with 848 units changing hands in […]
