Zion Road residential plot triggered at bid price $604.57m

A URA press statement dated 22 April stated that an undisclosed builder has been responsible for the release of Zion Road parcel B. The site will be put up for sale in a public auction next month. The Zion Road, parcel B plot, is a reserve area under the Government Land Sales 1H2024 programme. Reserve … Read more

Frasers to sell service apt & Zouk Warehouses in Jiak Kim St

FRASERS, a Singapore-based property developer, is reportedly in advanced negotiation for a possible sales of its 72 unit serviced-apartment complex and three conserved warehouses located along the Singapore River. Tuan Sing Holdings’ affiliate is said to be the likely buyer. The Business Times knows that it is the exclusive due-diligence company for a purchase worth … Read more

Landed home volume up by 21.3% in 1Q2024 compared to 1Q2023

Huttons Asia released its latest quarterly report for the landed properties segment. It shows 296 transactions, excluding Good Class Bungalows (and cluster houses), in 1Q2024. This represents a sales value totaling $1.7 billion. In comparison to 4Q2023, there was a 21.3% rise in the volume of transactions, and a 30% increase in total sales. In … Read more

Media Circle to expand housing supply by building more homes

Analysts report that housing demand is strong because it’s close to schools and Science Park. Media Circle, which was zoned for a business park, may be rezoned to allow for the construction of new homes soon. This is according to an update issued by the Urban Redevelopment Authority Friday (May 3). A plot of land … Read more

Can seniors keep their expensive home with annual values up?

The private home rental market is moderating. According to data from the Urban Redevelopment Authority, they fell by 2.1% quarter-on-quarter in Q4 of 2023. Residential landlords in the United States have enjoyed a successful run. Private home rentals grew 8.7% in 2023 after a jump of 29.7% in 2022. The tax rate on homes is … Read more

Private housing market not affected by an ageing population

SINGAPORE‚ÄôS population is ageing rapidly and this could this be a major obstacle for the market of private homes? Singapore’s median age rose from 37.4 to 42.1, or 42.1, years at mid-2022. In mid-2022, 16.6% of the population will be 65 or older compared to only 9% in mid-2010. The rise in home loan rates … Read more

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