Singapore Property News Archive

  • Nearly 500 new homes snapped up in past week

    Nearly 500 new homes snapped up in past week

    Straits Times: Tue, Feb 21    ALMOST 500 new homes were sold over the past week as developers stepped up their marketing efforts to ride on last month’s stellar transaction figures.   Last month, 1,872 new private homes were snapped up – the highest figure since November 2010 … ALMOST 500 new homes were sold over [...]
  • Bartley, Kovan sites up for collective sale

    Bartley, Kovan sites up for collective sale

    Business Times: Tue, Feb 21   THE collective sales market continues to gain momentum, with an additional two freehold sites – Bartley Grove Apartment and three adjoining terrace houses, and Kovan Court – being launched for sale by tender.  The first site, comprising a 25-unit r… THE collective sales market continues to gain momentum, with [...]
  • Majority expect property prices to fall due to ABSD

    Majority expect property prices to fall due to ABSD

    PropertyGuru, Asia’s Leasing property portal, today released its latest Affordability Sentiment Survey results on property market sentiment in Singapore. It revealed that the majority of home buyers and investors expect the additional buyer’s stamp duty(ABSD) introduced in early December 2011 to lower property prices. A significant 52 percent of those polled believe that prices will [...]
  • ‘Fairly healthy’ demand for Punggol EC

    ‘Fairly healthy’ demand for Punggol EC

    Straits Times: Mon, Feb 20    HOME buyers have snapped up 225 units at executive condominium (EC) project Twin Waterfalls in Punggol Walk since its launch last Saturday.   Joint developers Frasers Centrepoint and Keong Hong Holdings said the apartments were sold at an average … HOME buyers have snapped up 225 units at executive condominium [...]
  • OKP Holdings eyes property investment, overseas projects

    OKP Holdings eyes property investment, overseas projects

    Straits Times: Mon, Feb 20    CIVIL engineering firm OKP Holdings has ambitious plans to diversify into property investment and development this year, including taking on projects overseas.  It will mark a significant change for the group, which is known for its infrastructure… CIVIL engineering firm OKP Holdings has ambitious plans to diversify into property [...]
  • ‘Don’t need the money, for now at least’

    ‘Don’t need the money, for now at least’

    Straits Times: Mon, Feb 20    RETIREE Richard Ang bought his four-room flat in Whampoa 27 years ago for $72,000.   It is now worth half a million dollars but the 65-year-old has no plans to cash in on the home he shares with his wife Mary, 63, and youngest son, Ethan, 35.   ‘M… RETIREE Richard [...]
  • A refreshing and bold step for Tharman

    A refreshing and bold step for Tharman

    Business Times: Sat, Feb 18   A KEY feature of Singapore’s tax system is that tax is payable only on income sourced in Singapore or received in Singapore from outside Singapore. In short, tax is payable only on income and not capital gains. Although Singapore does not have a ta… A KEY feature of Singapore’s [...]
  • UIC group’s full-year profit down by 71%

    UIC group’s full-year profit down by 71%

    Straits Times: Sat, Feb 18    PROPERTY development and investment group United Industrial Corporation (UIC) yesterday reported a 71 per cent drop in net profit to $214.2 million.  Revenue for the year ended Dec 31 fell by 33 per cent to $805.5 million due to lower sales of tra… PROPERTY development and investment group United [...]
  • Sales of new private homes bounce back

    Sales of new private homes bounce back

    Straits Times: Thu, Feb 16    NEW private home sales here rebounded strongly last month thanks to some major launches after sinking to a two-year low in December when tough new property cooling measures set in.   But there are also signs that foreigners are shying away from bu… NEW private home sales here rebounded strongly [...]
  • Four 99-year leasehold sites released for sale

    Four 99-year leasehold sites released for sale

    Business Times: Thu, Feb 16   Four 99-year residential sites, expected to yield 2,070 units, was released for sale under the government land sales programme yesterday. Three parcels – of which two are for executive condominium (EC) development – were launched for sale under the… Four 99-year residential sites, expected to yield 2,070 units, was [...]
  • GLP’s third-quarter net profit up 3% to $109m

    GLP’s third-quarter net profit up 3% to $109m

    Straits Times: Wed, Feb 15    WAREHOUSE provider Global Logistic Properties’ (GLP) third-quarter net profit rose 3.4 per cent to US$86.3 million (S$109 million) on the back of higher revenue and a net fair value gain of US$24.3 million.   Revenue for the three months ended Dec… WAREHOUSE provider Global Logistic Properties’ (GLP) third-quarter net profit [...]
  • CapitaLand bullish on S’pore, China

    CapitaLand bullish on S’pore, China

    Straits Times: Wed, Feb 15    PROPERTY giant CapitaLand is confident that the demand for homes is still healthy in Singapore and China despite property cooling measures imposed in both countries in recent months.   Speaking at the group’s results briefing yesterday, CapitaLand… PROPERTY giant CapitaLand is confident that the demand for homes is still healthy [...]
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