Residential Property
Lentor Mansion to attract extended families, landed homeowners
The development is the first project in the Lentor precinct to have 5-bedroom units.
PropertyGuru lays off 79 employees
Affected employees will receive a severance package and extended medical insurance.
Net profit of Sinarmas Land falls 23.4% YoY to $384.9m in FY23
The company recorded lower net profit despite a 7.9% YoY higher revenue.
Property investment volume drops 30.6% YoY to $20.8b in 2023
GLS tenders accounted for 37.2% of total investment last year.
Thomson View Condominium up for collective sale
The reserve price for the asset is $918m.
Holland Drive GLS Plot likely to attract 2-5 bids: experts
Top bids could come between $846m to $1b.
Buyer hesitancy drag condo resale volumes down
In January, resale volume slipped 0.6% MoM.
Condo resale volume slips 0.6% MoM in January
Over 700 units got resold during the month.
Condo resale prices increase by 7.2% YoY in January
Across submarkets, OCR posted the highest year-on-year price increase.
Why Tanglin Halt Courtyard is the gem of the February 2024 BTO exercise
The PLH project in Queenstown will offer 251 BTO flats.
HDB launches over 5000 flats under Feb 2024 BTO and SBF exercises
Over 80% of BTO flats launching will have a waiting time of under 3.5 years.
Lower property tax to benefit most private owners
Singapore will likely see a 20%-30% lower property tax in 2025.
2023 records lowest private residential leasing volume in seven years
A total of 82,257 private residential properties island-wide were rented out in 2023
ABSD clawback has negligible impact to property developers: analyst
They are expected to retain the current playbook of selling as much stock upfront.
Singapore lowers ABSD remission clawback rate for projects with 90% units sold
This took effect on 16 February 2024.
Project launches spur home sales in January
Last month’s sales were still down YoY.
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