June 2024

The latest state land tender reflects a continued cautious approach by developers towards private residential sites due to high interest rates and ongoing property cooling measures. Despite these challenges, a prime 99-year leasehold site near Great World City managed to attract two bids. A Wing Tai Holdings unit placed the highest bid at nearly S$464 […]

A state land plot in Upper Thomson received no bids from developers at a tender that closed on Wednesday, June 19. Market watchers had anticipated up to three bids for the suburban plot. Before the tender closed, consultants predicted offers ranging from S$750 to S$1,020 per square foot per plot ratio (psf ppr). However, no

A joint venture led by SingHaiyi is set to preview its new condo project, Sora, in Jurong East on June 22. The average price for units in this development will be S$2,180 per square foot (psf). The developers, SingHaiyi and TK 189 Development, announced on June 18 that price for the 440-unit, 99-year leasehold project

In May, new private home sales hit a significant low, marking the smallest sales figures for this month since records began in June 2007. The numbers also show a nearly 80% drop compared to the same time last year. No major projects were launched last month, exacerbating the usual mid-year lull and the recent trend

The Federal Reserve has indicated that they are planning just one interest-rate cut this year, with more cuts expected in 2025. This decision highlights their strategy to keep borrowing costs high for longer to control inflation. In their latest meeting, Fed officials unanimously decided to maintain the federal funds rate between 5.25% and 5.5%, a

The Urban Redevelopment Authority (URA) is preparing a plot of land, once part of the Tang Dynasty City theme park, for new residential developments in the Jurong Lake District. This district is set to become Singapore’s largest business hub outside the city center. Key Details Location: Near Yuan Ching Road, next to St. Andrew’s Nursing

The Urban Redevelopment Authority (URA) has launched three residential sites for tender, aiming to add close to 2,000 new homes. These sites, located at Dairy Farm Walk, Tengah Garden Avenue, and Bayshore Road, are part of the first half of the 2024 government land sales (GLS) programme. Site Details and Potential Dairy Farm Walk: Size:

Imagine turning an old airport into a bustling hub of lifestyle and recreational activities. That’s exactly what the Urban Redevelopment Authority (URA) is planning for the old Kallang Airport, and they want your input. At a current exhibition held at Kallang Wave Mall, the URA showcases examples of how old buildings can be repurposed, like the

The Urban Redevelopment Authority (URA) has announced the release of two residential sites for sale on May 30 as part of the first half of the 2024 government land sales (GLS) program. These sites are located at Margaret Drive and Media Circle. Analysts predict that developers will continue to exercise caution in bidding for these

A penthouse at the ultra-luxury Skywaters Residences has been sold, as recorded in a caveat lodged with URA Realis on May 20. The 7,761 sq ft, 99-year leasehold unit on the 57th floor fetched $47.34 million, or $6,100 per square foot (psf). The buyer, according to the caveat, is a foreigner, though the nationality isn’t