Singapore Property News This Week #81

Residential Changes made to restrictions on redevelopment of en bloc sites In response to feedback from the industry, there have been changes made to the regulations of the redevelopment of en bloc sites. Currently, foreign developers buying residential en bloc sale sites are given a five-year project completion period (PCP) which starts  from the date…

Singapore Property News This Week #63

Residential Busy week for developers the last week Developers had been enjoying a busy week with sales coming in. Freehold 107-unit The Line@Tanjong Rhu has also sold 15 units at an average price of $2,100 psf. 54-storey 510-unit 99-year V on Shenton has sold almost 50 units in the last week, bringing the total transacted…

Singapore Property News This Week #42

Residential Summer Scent launched for sale Summer Scent, a freehold residential development located at Hougang Avenue 2 and Upper Serangoon Road, has been launched for sale. The 16-unit development has sold six of its units, which consists of two-bedroom (581-1,711 sq ft) and three-bedroom (1,065-1,905 sq ft) units. Two-bedroom units and the two two-bedroom penthouse…

Singapore Property News This Week #38

Residential Effect of ABSD is only temporary, rental market benefits in the short term Consultants say that the effect of the ABSD is temporary, as foreign buyers are still on the lookout for attractively-priced properties. However, since some of these buyers are expatriates who brought their families along when they came to work in Singapore,…