September 2022

New private home sales fell in August 2022, highest proportion of purchases by foreigners since March 2016

Developer sales fell by 47.6% in August 2022, as 437 new units excluding executive condominiums (EC) were sold last month. Year-on-year, new home sales dropped by 64.1%. Given the Hungry Ghost Month, developers have held back new launches, with only 134 units launched for sale. According to data released by URA on Thursday 15 September,…

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Singapore Property Cooling Measures 2021: Why Are Some Buyers Looking At More Expensive Properties Now?

The Singapore property cooling measures announced on December 2021 saw increased ABSD rates, tighter LTV limits and a lower TDSR threshold, making it harder to buy property. But according to the latest Singapore Consumer Sentiment Study H2 2022, instead of postponing or adjusting their budget, some buyers are considering buying more expensive properties. Why? Find out.

3 bids for Lentor Central, 2 for Lentor Hills Road (Parcel B) and 4 for Bukit Batok West Avenue 5 (EC) GLS sites

Three tender exercises for Government Land Sale sites – Lentor Central, Lentor Hills Road (Parcel B) and Bukit Batok West Avenue 5 (executive condominium) – concluded today, with each seeing between 2-4 bidders. While previous tender exercises have seen as many as 8 bids (Jalan Tembusu), 9 (Lentor Central – Lentor Modern) and 9 (Bukit…

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4 units at Orchard By-The-Park bought by a Chinese national for S$60 million

Despite geopolitical and economic uncertainties, as well as 30% Additional Buyer’s Stamp Duty (ABSD) for foreigners, we are seeing another bulk purchase of condo units by a Chinese national. According to Lianhe Zaobao, four units at 3 Orchard By-The-Park were bought in one go, totalling around S$60 million. This translates to around S$3,600 to 3,700…

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