Virus' impact on new home sales expected to be short-term; demand could pick up in H2

AFTER the year-end holiday season, developers posted their best January private home sales figure in seven years.

Singapore developers sell 618 private homes excluding ECs in Jan, up 14.9% from Dec

DEVELOPERS moved 618 private homes in January this year, up 14.9 per cent from the 538 units they sold in the previous month. The latest figure is also 41.4 per cent higher than the 437 units developers sold in January 2019.

TOPLINE

8M Real Estate poised to ride wave of CBD living

SINGAPORE-BASED property investment company 8M Real Estate (8MRE) has made a name for itself, not only for assembling a sizeable portfolio of conservation shophouses in the city-state but also for its flair as a landlord in curating food and beverage (F&B) concepts at its properties.

New rules on qualifying cert offer reprieve to Singapore developers

SOME Singapore-listed housing developers can now apply to be exempted from the Qualifying Certificate (QC) rules imposed on foreign housing developers, provided they have a "substantial connection to Singapore".

HOCK LOCK SIEW

Retail rents up but not much cheer for landlords

HAVE Singapore retail rents finally bottomed? That is a question some people have been asking after the Urban Redevelopment Authority recently released data showing a 2.9 per cent rise in the retail rental index for the Central Region in 2019 - reversing the 1 per cent fall in 2018.

WUHAN VIRUS OUTBREAK

Private home demand may see weakness on travel restrictions

PRIVATE home buying demand from Chinese investors may see some short-term weakness with the temporary entry ban into Singapore for all Chinese passport holders who are not residents here, as well as travellers who were in mainland China in the past fortnight amid the Wuhan virus outbreak.

Singapore private residential market may be stabilising: Redas president

THE private residential market in Singapore appears to be stabilising in line with economic fundamentals, said Chia Ngiang Hong, president of the Real Estate Developers’ Association of Singapore (Redas).

Hong Realty flipping Suntec office floor for 26% or S$7.6m gross gain

HONG Realty, a privately held vehicle of the Hong Leong Group, is making a handsome gain from the sale of an office floor at Suntec City which it bought less than two years ago.

Office rental cycle has peaked; retail rents may have bottomed out

IT SEEMS a tale of two cities between Singapore's office and rental markets, going by the latest data from the Urban Redevelopment Authority (URA).

Singapore retail rents rise 2.3% q-o-q in Q4 2019: URA

RENTS of retail space in Singapore's central region rose 2.3 per cent in the fourth quarter of 2019 over the previous three months, following the same rate of increase in the third quarter of 2019, according to data released by the Urban Redevelopment Authority (URA) on Thursday.

Singapore office rents slide 3.2% q-o-q in Q4 2019: URA

RENTALS of office space in the central region of Singapore eased 3.2 per cent in the fourth quarter of 2019 over the previous three months - a bigger drop compared with the 0.6 per cent fall in the third quarter of 2019, figures released by the Urban Redevelopment Authority (URA) showed on...

Sino Group scion buys District 10 GCB for S$37m

TWO transactions each of over S$30 million last month, including one by the scion of one of Singapore's richest families, have provided a fillip to the tally of deals in the Good Class Bungalow (GCB) market for 2019.

OCBC withdraws 2 properties after tender closing

OVERSEA-CHINESE Banking Corporation has withdrawn from sale two freehold properties which it had put up for tender last year: a serviced residence block at 2 Mount Elizabeth Link, and a portfolio of 32 shophouses along Lavender Street and Serangoon Road.

Freehold 12-unit Casa Sophia sold en bloc for S$29m

ALL 12 units of Casa Sophia, a freehold apartment development along Sophia Road, are being sold for a total of S$29 million.

Top bid for Irwell Bank Rd plot below expectations

THIS year's maiden state land tender for two 99-year leasehold private housing sites appears to reflect developers' still-healthy appetite for land, despite the substantial launch pipeline.

CDL top bidder for Irwell Bank Rd site, Wee Hur tops bids for plot near Bartley station

URBAN Redevelopment Authority tenders for two 99-year leasehold private housing sites - one along Irwell Bank Road near Great World City, and the other near Bartley MRT Station, closed on Thursday.

HOCK LOCK SIEW

Despite flat office rents, Reits set to enjoy positive rental reversions

AFTER an impressive two-and-a-half year run, Singapore CBD Grade A office rentals appear to be taking a breather.

OUTLOOK 2020

CBD Grade A office rentals likely to be flat this year

PROPERTY consultants are generally expecting Grade A office rentals in the Central Business District (CBD) to be flattish this year, after this segment posted slower growth in 2019 than in 2018.

8M Real Estate paying S$70.4m in latest shophouse purchase

A SLEW of commercial property deals have been sealed recently, including four adjoining conservation shophouses along South Bridge Road and another three along Tanjong Pagar Road bought for a total of S$70.35 million by 8M Real Estate.

Developers sell 1,147 private homes excluding ECs in Nov, up 23% m-o-m: URA

DEVELOPERS in Singapore moved 1,147 private homes in November this year, 23.2 per cent more than the 931 units they sold in the previous month. However, the latest figure is 4.5 per cent lower than the 1,201 units sold in November 2018.

OUTLOOK 2020

Modest private home price growth expected in Singapore

SINGAPORE'S private housing market is poised for modest price growth next year, amid a resilient leasing market. However, developers are expected to continue being challenged by the significant supply of unsold private housing units in the pipeline although, by some estimates, the oversupply...

HOCK LOCK SIEW

High hotel DC rates threaten to throw a spanner in the works for CBD Incentive Scheme

ON March 27 this year, the Urban Redevelopment Authority (URA) unveiled the CBD Incentive Scheme, offering 25 or 30 per cent additional gross floor area (GFA) to motivate owners of older, predominantly office buildings in some parts of the Central Business District (CBD) to redevelop their...

Poh Group founder sells Cassia Drive home for S$21.8m

POH Group founder Poh Kay Ping is understood to be selling his home along Cassia Drive in the Raffles Park Good Class Bungalow (GCB) Area for S$21.8 million.

Commercial, residential buildings to find new life as hotels

DEVELOPERS continue to jump on the hotel-conversion bandwagon, with Fragrance Group for its flagship office building in Alexandra Road and Lian Beng for Wilkie Edge among the latest to have received nods from the Urban Redevelopment Authority (URA).

Robinson Centre close to being sold: sources

ROBINSON Centre, a 20-storey office building in the CBD, is close to being sold, BT understands.