Thomson View condominium is back in the spotlight for an en bloc sale after its tender in September closed without any bids. In response, the owners are now considering reducing their reserve price by 12%, from S$918 million to S$808 million, as they shift towards private treaty negotiations. So far, about 60% of the owners […]
Real estate investment in Singapore saw a notable boost in the third quarter of 2024, following a 0.5% rate cut by the US Federal Reserve in September. This change has sparked some optimism in the property market, according to a report by Knight Frank Singapore released on October 8. Property investment sales in Q3 reached […]
The highly anticipated freehold condominium, Meyer Blue, had a successful launch over the weekend, selling 114 of its 226 units—just over half of the total—at an average price of $3,260 per square foot (psf). Prices ranged from $2 million, or $3,019 psf, for a two-bedroom unit (667 sq ft), to nearly $3 million, or $2,985 […]
City Developments Limited (CDL) is set to begin previews for its latest project, Norwood Grand, in Woodlands on October 4. This highly anticipated 348-unit condominium, located on Champions Way, will offer homes starting from S$988,000, with prices just under S$2,000 per square foot (psf). The development offers a range of unit types, with one-bedroom (plus […]
Singapore’s urban planners are working on transforming two key locations in the heart of the city into vibrant lifestyle destinations, providing more recreational and leisure spaces for residents and visitors alike. These areas include the former Singapore Chinese Girls’ School (SCGS) campus at Emerald Hill Road and a large 18-hectare plot around Marina One, near […]
Singapore’s population has surpassed a significant milestone, reaching 6.04 million in June 2024, reflecting a 2% increase from the previous year. This marks the first time the country’s population has crossed the six million mark, driven mainly by a 5% rise in the non-resident population, which grew from 1.77 million in 2023 to 1.86 million […]
A few key Federal Reserve officials hinted on Monday (Sep 23) that there may be room for more significant interest-rate cuts, noting that the current rates are still burdening the U.S. economy. Chicago Fed President Austan Goolsbee, speaking at a Q&A event, acknowledged that the central bank has a long way to go to bring […]
Singapore’s urban planners are considering the development of new homes and amenities in the Newton area, aiming to offer more diverse housing options in central locations. The Urban Redevelopment Authority (URA) shared this vision during an ongoing exhibition, emphasizing the creation of new public spaces and improved connectivity while maintaining the area’s rich heritage. The […]
A mother and her son have become the first individuals in Singapore to be charged for providing false and misleading information to the Inland Revenue Authority of Singapore (Iras) in a case linked to the “99-to-1” property arrangement. This legal action comes as part of Iras’ ongoing efforts to clamp down on property tax avoidance […]
Bukit Sembawang’s latest development, 8@BT, saw promising sales during its launch, with just over half of the units snapped up at an average price of S$2,719 psf. The one-bedroom units were particularly popular, achieving a 91% take-up rate, with prices starting from around S$1.34 million, according to Marcus Chu, CEO of ERA Singapore. The two- […]
