Latest News from PropertyGuru
- Bukit Panjang Sees First Million-dollar HDB Resale Flat, Many Singaporeans Support Longer MOP, and More September 24, 2023Bukit Panjang recently recorded its first million-dollar HDB resale flat transaction. Meanwhile, Minister of National Development Mr Desmond Lee weighs in on the HDB flat reclassifications, announced during the National Day Rally 2023 speech.
- Altura EC Sold 88% of its Units After Second-timer Balloting, New Private Home Sales Plunge 72.1% in August 2023, and More September 18, 2023Altura, an EC saw 95 units snapped up during its second-timer balloting event, bringing its overall take-up rate to 88%. Meanwhile, new private home sales, excluding ECs, fell 72.1% to 394 units month-on-month (MoM) in August 2023.
- Are Fewer HDB Owners Chasing Condo Dream, Record Monthly Number of Million-dollar HDB Transactions in August 2023, and More September 11, 2023Some property analysts say that HDB upgraders are decreasingly buying condos. Meanwhile. a record monthly number of million-dollar HDB flat transactions was observed in August 2023.
- Land Betterment Charge for Non-landed Residential Use Slashed, Orchard Retail Rent to Rise 6% in 2023, and More September 3, 2023The Land Betterment Charge (LBC) rates are now cut for non-landed residential use and increased for commercial and hotel use. Meanwhile, retail rents at Orchard Road are forecasted to increase by up to 6% year-on-year (YoY) in 2023.
- HDB Plus Flat Owner Rental Restrictions, First-timer Families Will Enjoy Priority for Standard BTO Flats, and More August 28, 2023The HDB Plus flat model will come with income ceiling and rental restrictions. Meanwhile, SLA and URA have launched a tender to transform the former Bukit Timah Fire Station into a community hub.
- HDB Launches Plus, Prime, and Standard BTO Flats, Singles Can Soon Buy 2-room Flexi Flats Across Singapore, and More August 21, 2023HDB has introduced a new BTO classification, replacing the mature and non-mature estate labels. Meanwhile, singles 35 and above will be allowed to apply for new 2-room Flexi BTO flats across Singapore from H2 2024.
- TMW Maxwell, The Arden, and Orchard Sophia Launch Over the Weekend, and More August 14, 2023Three Q3 2023 major new condos – TMW Maxwell, The Arden, and Orchard Sophia – launched over the weekend. Meanwhile, ahead of Prime Minister Lee Hsien Loong's National Day Rally 2023 speech, property experts predict the announcements he could make.
- Altura EC and The LakeGarden Residences Sell 61% and 23% of Units Over Launch Weekend, Respectively, and More August 7, 2023Altura, an executive condominium (EC), and The LakeGarden Residences, sold 61% and 23% of their units over the weekend, respectively.
- TMW Maxwell, Orchard Sophia, and The Arden Preview Over the Weekend, August BTO 2023 Launch Postponed to September 2023, and More July 31, 2023TMW Maxwell, Orchard Sophia, and The Arden previewed over the weekend. Meanwhile, HDB has pushed back the August BTO 2023 launch to end-September 2023.
- The LakeGarden Residences and Altura Open For Preview, May 2023 BTO and SBF Results Delayed till August 2023, and More July 24, 2023The LakeGarden Residences opened for preview with prices starting at just below $2,000 PSF. Meanwhile, Altura Executive Condominium (EC) opened for preview on 22 July 2023, with sales bookings set to start on 5 August 2023.
- Grand Dunman and Pinetree Hill Sell Over 50% and 38% of Units Over Launch Weekends, Respectively, Six Upcoming BTO Projects in Mount Pleasant, and More July 17, 2023Grand Dunman sold 550 of its 1,008 units during its launch over the weekend at an average price of $2,500 PSF. Meanwhile, Pinetree Hill moved nearly 150 of its 400 units during its launch at an average price of $2,460 PSF.
- Black and White Houses May See Longer Leases, Lentor Hills Residences and The Myst Launch Over the Weekend, and More July 9, 2023Lentor Hills Residences sold 298 units or about 50% of its 598 units at an average price of $2,080 PSF over its launch weekend. Meanwhile, The Myst sold 27% of its 408 units at an average price of $2,057 PSF during its launch over the weekend.
- Pinetree Hill Preview Prices From $2,236 PSF, Kingsford Emerges As Top Bidder for Marina Gardens Lane GLS Site, and More July 3, 2023Pinetree Hill launched for preview on 29 June 2023, with prices starting from $2,236 PSF. Meanwhile, the Marina Gardens Lane GLS site closed with a winning bid of $1.034 billion, which totals $1401.51 PSF ppr.
- The Myst and Lendor Hills Residences Opened For Preview on 24 June 2023, Tiong Bahru HDB Resale Flat Sold for Record $1.5 million, and More June 25, 2023The Myst and Lentor Hills Residences opened for preview on 24 June 2023. The Myst saw unit prices ranging between $998,000 and $3.18 million, while Lentor Hills Residences saw unit prices ranging from $940,000 and $2.642 million.
- Condo Buyer Suffered $30,000 Loss for Backing Out of Blossoms By The Park Deal, HDB Wants to Rezone 6 Sites, and More June 18, 20231,038 private homes were sold in May 2023, marking its fifth consecutive month-on-month (MoM) increase. Meanwhile, HDB eyes doubling the supply of HDB flats under the Parenthood Provisional Housing Scheme (PPHS) to 4,000 in the next two years.
- Serangoon May 2023 BTO Flats Snatched Up, Grange 1866 to Preview on 17 June 2023, and More June 11, 2023May 2023 BTO launch saw robust demand for Serangoon North Vista and Bedok South Blossoms. Meanwhile, freehold residential condo Grange 1866 will open for preview on 17 June 2023, with prices for homes starting from $1.577 million.
- Singapore Turf Club to be Redeveloped for Public Housing, HDB Extends May 2023 Sales Deadlines, and More June 5, 2023May 2023 BTO and SBF launches have been extended till 8 June 2023 after applicants expressed issues with the HDB Flat Portal. Meanwhile, even with high ownership rates and a robust economy, Singapore is still plagued by affordable housing concerns.
- The Reserve Residences Sells 71% of Units at an Average of $2,460 PSF, May 2023 BTO Exercise Launches Tomorrow, and More May 29, 2023The Reserve Residences sold 71% of its total units at an average price of $2,460 PSF over the weekend. Meanwhile, why are buyers continuing to snatch up private properties after the April 2023 property cooling measures?
- Some Condos Offer Discounts, 150 HDB Flat Owners Caught Buying Private Homes Within MOP, and More May 22, 2023Several condos have offered discounts to attract buyers in April and May 2023. Meanwhile, some HDB flat owners have attempted to bypass the MOP by acquiring or investing in properties under their childrens' names.
- The Reserve Residences Previews for $2,300 PSF, Rivière at Jiak Kim Sells Out, and More May 15, 2023The Reserve Residences in Bukit Timah previewed with prices starting from $2,300 PSF. Meanwhile, Rivière at Jiak Kim Street is fully sold out.