The Business Times
PRIVATE residential property prices rose 3.4 per cent in the third quarter, largely driven by strong sales at new launches in the suburbs which notched new benchmark prices, though price growth is expected to slow for the rest of the year.
The Business Times
HOUSING Board (HDB) resale prices rose 2.4 per cent in the third quarter of 2022, making it the 10th straight month of quarterly growth, according to HDB flash estimates released on Monday (Oct 3).
The Business Times
THE manager of CapitaLand Ascendas Reit, formerly known as Ascendas Reit, has inked an agreement with a biotech company in California to convert a San Diego office property into a life sciences property at US$40 million.
The Business Times
PROPERTY development and investment group Bukit Sembawang Estates has appointed Chng Kiong Huat as the group’s chief executive officer.
The Business Times
THE government’s move to limit how much property buyers can borrow is largely in line with the weakening risk appetite among banks, mortgage brokers said.
The Business Times
SINGAPORE-BASED real estate investment company 8M Real Estate is buying an island block of 5 adjoining conserved shophouses along Jalan Besar, literally a stone’s throw from Jalan Besar MRT station, for S$40 million.
The Business Times
Barely nine months after a round of property cooling measures that kicked in late 2021, the government unveiled measures that take effect on Sep 30, 2022 to promote sustainable conditions in the property market by ensuring prudent borrowing and moderating demand.
The Business Times
TIGHTER limits on property loans announced late last night will shrink homebuyers’ purchasing power and pinch on affordability, market analysts observed. And this could feed into greater demand for smaller flats – specifically resale 4-room Housing Development Board (HDB) flats – while also leading to higher rental rates and a slowdown in demand for private property.
The Business Times
LATE on Thursday (Sep 29), the Monetary Authority of Singapore (MAS), Ministry of National Development (MND) and Housing Board (HDB) announced a fresh set of cooling measures, tightening limits on housing loans.
The Business Times
THE manager of Manulife US Real Estate Investment Trust (Manulife US Reit) has appointed Caroline Fong as deputy chief executive officer (CEO), effective immediately.
The Business Times
FRESH measures to tighten limits on housing loans – including for public housing – will come into effect Friday (Sep 30), in a bid to ensure prudent borrowing and moderate demand, the government announced in a statement released late last night.
The Business Times
THE trustee of ESR-Logos real estate investment trust (E-Log), RBC Investor Services Trust, has entered into a sales contract to divest the trust’s property at 2 Jalan Kilang Barat for S$35.3 million, translating to a 21.7 per cent premium to valuation.
The Business Times
REPRESENTATIVES of Chuan Park owners are set to meet for their first mediation session on Oct 18, to see if they can resolve disagreements over the condominium’s en bloc sale.
The Business Times
THE Urban Redevelopment Authority (URA), together with Singapore’s Ministry of Health (MOH), on Thursday (Sep 29) put up a site at Parry Avenue for sale via tender. This will be for a pilot private assisted living development with senior-friendly features.
The Business Times
DESPITE global economic headwinds, Singapore’s office rents in the third quarter have exceeded the pre-pandemic peak to reach a near 14-year high, with expectations of continued strength next year.
The Business Times
SERENE Centre, a freehold mixed-use development near Bukit Timah Road, will be put up for sale via tender on Thursday (Sep 29) with a reserve price of S$120 million, marketing agent Cushman & Wakefield said on Wednesday.
The Business Times
A PORTFOLIO of 15 commercial units in International Plaza has been put up for sale via expression of interest (EOI), with a guide price of S$60 million, the sole marketing agent Edmund Tie announced on Tuesday (Sep 27).
