Property News Global increase in luxury home prices: Knight FrankHDB to buy back flats from owners affected by ethnic quota limitsFebruary new home sales down 22.5% m-o-mNo more strata subdivision of commercial properties in Central areasShophouse sales surge to all-time high of $1.9 bil in 2021: Knight FrankSingapore among top three Asia Pacific destinations targeted by real estate investors in 2022Private residential sales fall 58% in December; 650 new units soldSingapore real estate investment in 2021 totals $25.8 billion, up 5.3% y-o-yPrivate home prices spike 10.6% y-o-y in FY2021, highest yearly increase in 10 yearsHDB prices spike 12.5% y-o-y in 2021, first double-digit growth in 10 yearsFear of missing out and talk of cooling measures nudge new home sales up 32.2% in Jan 2021Prices of HDB resale flats in 4Q2020 increase 3.1% q-o-qPrices of private homes in Singapore rise 2.1% q-o-q in 4Q2020Pinnacle@Duxton resale prices soar above $1.25 mil7,800 BTO flats will be offered in August 2020Transaction volume by foreign home buyers fall 26.1% in 1Q2020Savills’ Private Office: Catering to the ultra-richSome relief for landlords required to provide extra rental waivers for tenantsMartin Modern: The ‘Gangnam’ of Robertson Quay‘Star buys’ at Sloane Residences at prices from $2,628 psfA pair of two-bedders at Seahill priced below $1.3 mil eachManufacturing tops resilience and rebound ranking: ColliersThe reimagined officeSeller of 8 @ Mount Sophia unit makes $1.1 mil profitGSM Building at Middle Road for sale at $98 milSeller of Flame Tree Park unit makes $1.3 mil profitDevelopers sell 277 new private homes in April despite circuit breaker measuresGuide price of $2.05 mil for two-bedroom unit at Marina Bay ResidencesKopar at Newton sees 77 units sold ahead of enforced shut down of all sales galleriesAsia better positioned to lead post-Covid-19 recovery: Knight FrankSeller of Regency Suites unit makes $1.62 mil profitFour-bedroom unit at The Coast at Sentosa Cove for sale at $4.45 milPortfolio of assorted freehold properties for sale at $51 milPrivate property price index down 1.2% in 1Q2020Rents for expats in central Singapore rise 1.4% from 2019HDB resale price index remains unchanged for 1Q2020Freehold bungalow on Tamarind Road for sale at $8.8 milChip Eng Seng tests Kopar at prices from $2,100 psfGlobal Dragon launches ‘Spring Promotion’, offering selected units at $1,800 psf for Infini at East CoastUnit at Heritage Apartments reaps $4.8 mil profitTime to review the project completion deadline as pandemic rages onOLA EC’s 30% sales over the weekend may become new reality as Covid-19 looms over project launches35 Gilstead beats the competition with attractive pricesUnit at Elizabeth Heights sold for $2.54 mil profitThe Cairnhill enclave: Where prices have outperformed the general luxury segmentThree-storey townhouse at The Windsor offered for $2.75 milCovid-19 may amplify attractiveness of Singapore’s real estate marketPrices for OLA EC to start from $976 psfPrivate new home sales hit 975 units in February, rising 57% m-o-mRetailers adapt to survive Covid-19Two conservation shophouses at Haji Lane and Arab Street for sale at $8.5 milPurchases of adjoining units keeping luxe condo market abuzzDuplex penthouse at freehold D’Ecosia offered for $2.5 milDawson HDB flats cross million-dollar threshold soon after MOPHow will Covid-19 outbreak impact the Singapore property market?Mortgagee sale listings could hit new record in 2020Real estate still attractive despite short-term turbulenceUnit at Village Tower reaps $1.87 mil profitCommercial building in Joo Chiat for sale at $34 milWallich Residence penthouse sold at a record highVeerasamy Road freehold conservation shophouse going for $5.08 milArcc Spaces to launch flagship space at One Marina Boulevard in AprilResidential transactions with contracts dated Feb 18 to Feb 25 [DONE DEALS]Six-bedder at St Thomas Suites on sale for $10.3 milUnit at Dormer Park reaps $2.03 mil profitThree URA residential site tenders close with lukewarm response from developersThree conservation shophouses and a terrace house for sale at $38.36 mil6 simple ways to know how much your house is worthLow-interest rates and high foreign capital bright spots in property capital markets: CBRERetail sector hit by lower tourist arrivals but domestic spending remains resilient: CBRESingapore’s residential sector will be a buyer’s market in 2020: CBRETedge’s showflat draws 600 visitors over opening weekendBukit Sembawang’s final phase of Luxus Hills fully soldDC rates dip 0.2% for non-landed residential; unchanged for other sectorsOne-bedroom unit at Suites at Orchard going for $1.28 milRare Parbury Avenue bungalow for $14.5 milTA Corp revenue up 47% in FY2019Two freehold six-storey buildings at South Bridge Road up for sale at $46 milThree-storey detached house in Dunearn Estate for $12.8 mil13,100 sq ft strata office floor at Samsung Hub sold for $49.8 milUnit at The Balmoral reaps $1.77 mil profitSingapore hotels: A legacy of resilienceHomely charm, quiet surroundings and plenty of space in a Sunset Way bungalowThe Porcelain Hotel in Chinatown up for sale at $115 milCDL’s profit rises 12.5% in 4Q2019 after bumper year of six residential project launchesColliers outlines real estate opportunities by referencing trends during SARS outbreakAscendas Reit divests Changi South warehouse for $20.3 milThe M moves past virus worries with 70% of units soldUnit at Watermark Robertson Quay reaps $1.47 mil profitResidential transactions with contracts dated Feb 4 to Feb 11 [DONE DEALS]Another push for Industry 4.0 amid coronavirus outbreakFour-bedroom unit at The Grange to be auctioned in sheriff’s saleThe Avenir: Defining luxury in River ValleySurvey: Property seekers still keen despite COVID-19Five terrace houses on Burghley Drive to launch from $3.48 mil eachLong-term property investor sentiment positive amid virus outbreakCentra Group launches freehold bungalows in Bukit Timah and Holland GroveFreehold shophouse in Joo Chiat for sale at $4.5 milSingapore real estate investment up 26% y-o-y in 2019 to record US$9.6 bilJanuary new home sales up 14.9% before local coronavirus outbreakAbout 3,200 visitors turn up for OLA’s carnival-like public previewIOB Building on Cecil Street for sale from $1,800 psf pprHoi Hup-Sunway sell 316 units at Parc Canberra by online ballotingTech firms drive up premium office rents in SingaporeResale unit at Camelot By-The-Water reaps $1 mil profitAberdeen Standard Investments acquires Peck Seah Street shophouses for $54 milFreehold shophouses in Upper Thomson going for $22.88 milThree strata offices at Fu Lu Shou Complex for sale at $1,400 psfHDB launches 3,095 flats in February 2020 BTO exerciseMarket sniffs from coronavirus; tweaks to cooling measures urgedUnit at Elizabeth Heights reaps $2.47 mil profitFour-bedroom unit at Gramercy Park for sale at $8.5 milIs QC exemption balm enough to soothe the coronavirus-bruised property market?Waterway-facing unit at Corals at Keppel Bay priced from $2.18 milFamily trustees put Tanjong Katong shophouses for sale at $13 milTwo-storey commercial podium at The Rise @ Oxley going for $62.5 milEleven commercial units at Balestier Point for sale at $68 milTwo freehold shophouses off Serangoon Road going for $6.6 milSingapore home prices expected to grow 3% in 2020: ColliersCorner shophouse on Upper Weld Road for sale at $7.5 miMortgagee sale listings in 2019 increase by 61%Glimmers of hope in the retail sector?Central Region office rents down 3.2% q-o-q in 4Q2019; overall decline of 3.1% for whole yearConservation shophouse on Teo Hong Road on the market for $15 milHDB market stages price turnaround in 4Q2019, climbing 0.5%Private property prices climb 2.7% in 2019Conservation shophouse at Amoy Street for sale from $9 milUnit at The Jade sold for $712,880 profitDetached house along Lily Avenue for sale at $8.9 milWing Fong Court in Geylang launches $108 mil collective saleGrade-A office rents to climb for fourth straight year: ColliersNew home sales in 2019 jump 15.6% as developers sell 10,164 new unitsPortfolio of shophouses on Mosque Street-Pagoda Street for sale at $141 milBuyers snap up 10 units at Van Holland on opening weekend of salesEntity linked to Chinese investor buys Casa Sophia en bloc for $29 milHong Leong sells 20 units at The Avenir on launch weekendJean Yip’s hair-raising foray into property developmentHow resilient is the demand for high-end condos?Parc Rosewood unit up for auction at $1.08 milBeverly Hill unit makes $4.5 mil profitCDL submits $583.9 mil top bid for River Valley GLS site; Wee Hur’s $93.4 mil bid highest for Bartley siteSingapore ranks third in global survey for real estate demandEleven retail shops in Sim Lim Square for sale at $22 milTwo conservation shophouses along Tras Street for saleGreen Court at Geylang Road launched for collective saleHDB resale price index rises for second consecutive quarter in 4Q2019Private property price index up 0.3% in 4Q2019; projected to rise 2.5% for the full yearPiermont Grand e-application to begin for launch in 2019Two exclusive Good Class Bungalows up for sale at $42m eachBeauty World Plaza en bloc sale relaunched with unchanged price tag of $165mOnly six super penthouse transactions took place in Singapore in last 13 yearsPrime homes demand lead property sales jump in MayFull floor plate at Springleaf Tower for sale at $27.2 millionRivière draws praise from Frasers’ tenants2H2019 GLS to yield 6,430 private residential unitsJalan Besar property sold for almost $10m below indicative priceTwo freehold commercial shophouses launched for saleCapitaLand to divest three malls in China for S$589 millionSingapore will not take a hands-off attitude to property cycleBernam Street GLS site may fetch a top bid of $535 millionCascadale at Upper Changi Road up for en bloc sale at $270mNewton Lodge launches second collective sale tenderCPF usage rules and HDB housing loans criteria changedThe Woodleigh Residences launch price slashed by up to 13 per centAmber Park tops sales on launch weekend achieving $240m in sales valueK Hotel in Geylang launched for sale at $25 millionIndustry 4.0 investments pushes Singapore to favourable global manufacturing rankingsCoworking has made a lasting impact in real estate industryProperty obsession – Singapore ranks at #5 in global surveyLuxurious Amber Park launches this weekendSloane Residences: A Lovely Home with a Rich HeritageParc Clematis: Comfort, Luxury And Convenience At Their BestHaus on Handy: A Dreamy Home in an Upscale SettingRiviere: Luxury Living On a Charming WaterfrontQueensway Shopping Centre getting being geared-up for en bloc saleRetail property market still trying to find its footingSingapore industrial a picture of cautious optimismSim Lim Square owners seeks $1.25 billion in en bloc saleRare freehold ‘stand-alone’ commercial property approved for childcare use along Serangoon Road up for saleCentral Region office rents post first correction since 3Q 2017Industrial space shows signs of stabilisation, JTC Q1 reportPrivate home price decline gained momentum in Q1 2019Two industrial properties at 3rd Chin Bee Road up for sale at $9mThree adjoining office units in Peninsula Plaza up for saleFunan obtains Temporary Occupation Permit as it gears up for opening in 2Q 2019Le Arc Apartment up for collective sale again with reduced reserve pricePrime CBD office rents see broad based increase for seven consecutive quartersRealty Centre sold en bloc at $17m below reserve priceOffice building sale – 7 & 9 Tampines Grande – successfully brokered by Cushman and WakefieldRapid Transit System revival may add buzz to WoodlandsBeach Road rejuvenation to get impetus from Guoco MidtownCBD Incentive Scheme visionary and bold, JLL ResearchThe Gazania: Modern Living amidst Picturesque GreeneryAffinity at Serangoon: A Tranquil Home for the Discerning FewRiverfront Residences: Luxury Living On a Charming WaterfrontAmber Park: Luxury and Convenient Living Re-DefinedSingapore residential market outlook remains stable in 2019Ultra-luxury residential project – first by Swire Properties named “Eden”Jurong Lake District transformation to see area developed into major tourist spotProperty investment sales declined sharply in Q1 2019Newton Lodge launches en bloc sale with $44 million price tagSingapore home price growth to moderate to 2% in 2019Land tenders for GLS closed with bids received above expectation5,000 households disposed their private properties after purchasing HDB resale flatsBoutique Hotel at Desker Road for sale at guide price of $28 – $30 millionWho was buying residential property in 2018?CBRE brokers the largest single-asset industrial deal in Singapore in the last yearQueens Peak: A Blissful Haven Made For the Discerning FewPeople’s Park Centre raises Reserve Price in first en bloc effortAsia Pacific commercial real estate investment to rise by five per cent in 2019, says JLLMixed landed development site in the Braddell Heights residential enclave for sale for $12.8 millionRare penthouse office floor at Chinatown Point for sale by expression of interestSingapore residential market will see volume and price weaknesses in 2019, DBS ResearchGolden Mile Complex – Singapore’s urban icon, for sale by tenderPrime freehold site on highest point of Mount Elizabeth-Orchard up for public tender at S$550 millionRealty Centre up for en bloc at Reserve Price of $165 millionPrivate home price rose almost 8 percent in 2018Strata basement retail units at Peninsula Plaza launched for sale at $16 millionAmber 45: An Intimate Paradise for the Affluent FewTreasure At Tampines: A Luxury Hub Made For The Discerning FewList of licensed property agencies decline as number of registered property agents increaseCavenagh Gardens, a rare district 9 residential redevelopment site next to the Istana up for saleChoon Kim House relaunches collective sale tender at lower Reserve Price of $50mFlynn Park lowers Reserve Price to $325 million to relaunch en blocHDB Resale Price Index continues to see decline in Q4 2018UOB launches programme to support of SMEs through innovation and internationalisation999-year CBD conservation shophouse for sale at $17 millionTreasure At Tampines: A Unique Gem Exuding Comfort & LuxuryFreehold boutique hotel at corner of Outram Road and Tiong Bahru Road sold for $46 millionRetail sector research points to moderating vacancies and rent weakeningPrime site in Sengkang Central won by CapitaLand-CDL joint ventureFreehold commercial corner development site near Farrer Park MRT station up for saleCommercial property landlords may be recalibrating rents and occupancy levelsPrivate home prices continue strong growth in the second quarter2nd collective sale attempt by Windy Heights sees reserve price slashed by over $50 millionReal estate investment sales in Singapore projected to reach $40 billion in 2018Balestier freehold site launched for en bloc with $45.5m reserve priceResearch: Depleting supply is accelerating rental growth in office sectorParc Esta Residences: A Perfect Blend of Comfort, Luxury & ConvenienceMont Botanik Residence: A Botanical Haven in the Urban SettingKnight Frank partners Barleys to tap on cash-rich Singaporean buyers of New Zealand homesUOB home loan fully digitised by partnering four top property agencies‘Farrer Park area less frequently used’, Minister justifies site demolitionZone 2 Industrial Building up for sale by expression of interestPrime CBD conservation shophouse up for saleFreehold River Valley redevelopment site in prime District 9 up for public tenderShoebox apartments keeps Singapore Banking Sector sustainableNew launch The Tre Ver sells 70 per cent of units at Phase 1 offerLuxury homes projected to drop 30 to 40 percent in next few quartersDespite weaknesses in bank loan growth property scene is expected to be buoyantWoodleigh Residences: A Luxury Home Surrounded By NatureParc Botannia: A Luxury Home Sitting Amid NatureEcommerce logistics hub at Pandan Crescent sold for redevelopment999-year leasehold office floors at Raffles Place up for sale at indicative price of $24 millionShort window for home owners to refinance as Federal Reserve interest rates remains unchanged for now“Mr HDB’s” good class bungalow up for sale at price tag of more than $100 millionHDB flats resale prices increase for the first time in 9 QuartersDaintree Residence successfully sells 50 of the 80 phase-one units amidst property curbsLaunch of new private homes could remain healthy in 3rd QuarterNew property cooling measure impact will only be felt in August 2018URA Q2 statistics shows demand not matched by supply leading to large unsold unitsRetail rents slipped while vacancy rate eases showed URA’s 2Q real estate statisticsSome residential sites in Tiong Bahru to be rezoned URA announcedSutton Place – Freehold Residential Redevelopment Site for Sale by TenderHDB rentals may get a much needed boost from new property cooling measuresUpmarket condominium at Balmoral Park enclave goes en bloc with $148 million price tagDistrict 8 property jumps on bandwagon of developments trying for collective saleMixed-use development Sixth Avenue Centre up for collective saleFreehold residential redevelopment site off Balestier relaunches for en bloc with reduced reserve priceAverage selling prices of new homes may see up to 10 per cent price reduction40% fewer private homes sold in June than in May – most sales in suburban areasRare freehold portfolio comprising 4 shophouse units at Macpherson Road for sale by expression of interestRare freehold site at Meyer Road acquired for $319.88 million amidst property curbsTengah poised to be Singapore’s first smart energy townSouth Beach Residences: A Self-Contained Haven with Unmatched OpulenceRiverfront Residences: Where Opulence Meets NatureJade Scape: A Nostalgic Haven in the Upscale MarketProptech sector boosts Singapore to 1st rank in Asia in global real estate transparency indexDistrict 9 freehold development launched for en bloc braving new property cooling measuresSingapore banks will benefit from tighter regulations to cool property market, Moody’sJurong Lake District’s momentum remains unaffected despite HSR uncertainty, Minister WongNew property curbs challenged by leading developersBeautifully restored CBD commercial shophouse with fresh 99-year leasehold tenure up for saleWho are the Big Gainers and Losers after the New Property Cooling Measures Announcement?New Property Cooling Measures Introduced by Government to Calm Market EuphoriaHorizon Towers at Leonie Hill Launched for Sale Again for $1.1 billionFreehold Residential Development Site along Chancery Lane up for En bloc at $86.6 millionHigh End properties in Singapore Continue to be Strong Draw for MalaysiansProperty Market Euphoria Calls for Caution, Singapore Central Bank ChiefGCB prime plot at Sixth Avenue up for sale by TrusteesFreehold shophouses row at Sembawang Road up for collective saleBest Maybank Home Loan guide and History of mortgage ratesInvestment sales market extends robust performance by another quarterProperty price momentum remains buoyant suggest URA’s flash estimatesHow much of your income should you spend on housing?Upper East Coast Road freehold site to be acquired for $60 millionStirling Residences – a mega project in Queenstown up for preview todayProperty auction market down led by lack of big-ticket items for saleSingapore property market remains positive despite near-term weaknessPrivate residential units to increase substantially with new releases from GLS programmeStrata Titles Board blocks en bloc sale of Goodluck Garden with a stop orderDemand for industrial sites has been satisfied suggests IGLS programmeDistrict 10 property goes en bloc with $160 million reserve priceCommercial freehold sites in Jalan Besar change hands for $13.8 millionResearch: One in four first time home owners refused a mortgageFewer homes sold by property developers in first five months of 2018 compared to last yearTwo prominent commercial buildings along Selegie Road up for en bloc saleStirling Residences: Opulence in the Urban RedefinedMillennials are most likely to buy multiple homes, survey suggests120 Grange – The Hottest Residential Property in Singapore6 common mistake first time home buyers should avoid