Proptech sector boosts Singapore to 1st rank in Asia in global real estate transparency index
Proptech sector boosted Singapore to 1st rank in Asia in JLL’s Global Real Estate Transparency Index (GRETI) 2018. The 10th edition of GRETI contains the most comprehensive country comparisons of data availability, governance, transaction processes, property rights and the regulatory/legal environment around the world. The proptech sector is all set to not only impact but also [...]
District 9 freehold development launched for en bloc braving new property cooling measures
A District 9 freehold development along Sophia Road, Casa Sophia, is up for collective sale at a reserve price of $36 million. The announcement of the en bloc sale comes on the heels of the new property cooling measures. Image credit: ERA Marketing agent ERA Realty Network said that the reserve price translates into a [...]
Singapore banks will benefit from tighter regulations to cool property market, Moody’s
Rating agency Moody’s said on Monday that Singapore banks will benefit from tighter regulations to cool the property market. In noting the Monetary Authority of Singapore (MAS), Ministry of Finance, Ministry of National Development and Ministry of Trade & Industry instituted new regulations to cool Singapore’s property market price appreciation and transaction volume, the rating agency said “higher [...]
Jurong Lake District’s momentum remains unaffected despite HSR uncertainty, Minister Wong
Jurong Lake District’s momentum and vision has not changed despite the uncertainty over the Kuala-Lumpur to Singapore High Speed rail project. The Minister for National Development Lawrence Wong who said this in Parliament today added: “Some details may need to be adjusted along the way, as circumstances change. But the bottom line is that we have an [...]
New property curbs challenged by leading developers
The Real Estate Developers’ Association of Singapore (Redas) on Friday challenged the Government’s latest round of property cooling measures saying there was “no rationale” for the new property curbs. imposed on Friday (July 6). REDAS. the leading developers’ group here, said the additional buyers’ stamp duty (ABSD) and lowering of the loan-to-value (LTV) limits were “tough” new [...]
Beautifully restored CBD commercial shophouse with fresh 99-year leasehold tenure up for sale
JLL on 5 July presented for sale a restored CBD commercial shophouse. The CBD commercial shophouse s located at 19 Hongkong Street, and is a brand new beautifully restored part-four part-six storey commercial shophouse. The property is situated within the trendy Hong Kong Street area, one of the up-and-coming F&B and lifestyle destination that is rising in [...]
Who are the Big Gainers and Losers after the New Property Cooling Measures Announcement?
The big question on a lot of pf people’s minds: “Who are the big gainers and losers after the new property cooling measures announcement?”. The government has acted to cool the residential property market. Additional Buyer’s Stamp Duty (ABSD) rates have been raised for some categories of residential property purchases, and the Loan-to-Value (LTV) limits [...]
New Property Cooling Measures Introduced by Government to Calm Market Euphoria
The Government announced today new property cooling measures. The measures saw adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates and Loan-to-Value (LTV) limits on residential property purchases, to cool the property market and keep price increases in line with economic fundamentals. Status of the Private Housing Market After declining gradually for close to 4 [...]
Horizon Towers at Leonie Hill Launched for Sale Again for $1.1 billion
Horizon Towers, a collective sale site in the prestigious Leonie Hill locale, is launching for sale by tender by sole marketing agent JLL. The tender for Horizon Towers closes on Tuesday, 7 August 2018 at 3.00 p.m. Built in the late 1970’s, the 99-year leasehold Horizon Towers comprises 211 units in two towers located on an elevated [...]
Freehold Residential Development Site along Chancery Lane up for En bloc at $86.6 million
Knight Frank Singapore today announced the launch of the sale of Chancery Esquire, an exclusive freehold residential development site along Chancery Lane, by tender. The tender for Chancery Esquire will close on 2 August 2018, Thursday at 3 pm. Chancery Esquire is a private residential estate comprising a block of 31 apartment units ranging from [...]