Singapore Property – Top 5 News Stories This Week #7

Here’s issue #7 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru).

1. DBSS land sales suspended, under review
The government has suspended future land sales under the Design, Build and Sell Scheme (DBSS), pending its review, according to National Development Minister Khaw Boon Wan. Read more

2. 10,000 new private homes for 2011
Property consultancy firm Savills is expecting 10,000 new homes to be launched in the second half of the year, according to the company’s latest report. Read more

3. Property price growth slows as cooling measures kick in
Anti-speculative measures implemented by the government are taking effect, but with different outcomes in both the public and private sectors. Read more

4. Property auction sales down 20.4% in H1
Singapore’s auction sales in the first half of 2011 dropped 20.4 percent to S$69.25 million, compared to S$87 million over the same period last year, according to property consultancy firm Jones Lang LaSalle (JLL). Read more

5. Grand Tower up for sale
Grand Tower, a boutique freehold residential site in the Novena area, has been put up for sale through a public tender, with an indicative price of S$88.8 million (S$1,381 psf ppr). Read more

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