Singapore Property News This Week #272

Residential

HDB resale prices up 0.7% in July; volume down 13.7%

Resale prices of Housing & Development Board (HDB) flats rose 0.7 per cent in July compared to June, but in terms of transactions, resale volume fell 13.7 percent. R’ST Research director Ong Kah Seng opines that HDB resale prices are still on a solid, stable footing despite the dip in June.

(Source: Business Times)

8 West Coast blocks picked for redevelopment

THE government has identified eight blocks along West Coast Road for its “selective en bloc redevelopment scheme” (Sers). The government will buy back these flats and offer residents compensation and an alternative address. Residents from Blocks 513 to 520 will be offered new flats at two different sites at Clementi Avenue 1 and West Coast Link. Construction of the new replacement flats will take place in 2017 and 2018, and they are estimated to be ready in Q3 2022.

(Source: Business Times)

Commercial

Crowne Plaza opens new wing at Changi Airport

Crowne Plaza Singapore Changi Airport has opened a new extension in anticipation of the increasing numbers of visitors to the airport. The new extension is a 10-storey building featuring 243 business rooms. This is in addition to the existing 320 rooms in its main building.

(Source: Business Times)

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