On 15 November, the government announced that it’s extending the Vaccinated Travel Lane (VTL) to six more countries such as India and Indonesia. This comes after last week’s announcement on the VTL to Malaysia. As of writing, this brings the total number of VTL countries to 21. Other countries under the VTL previously announced include...
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After day 1 of HDB’s BTO November 2021 launch, 4-room flats at Rochor’s River Peaks I and II have registered an application rate of 4.6. That’s 3,158 applicants for 680 4-room flats (so far). Second-timers form a bulk of it – at 49.3 times – compared to 2.3 times for first-timers. For the 3-room flats,...
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Two freehold development sites at Thiam Siew Avenue (District 15) have been sold for S$815m via public tender, which closed on 18 November 2021 – making the 263,794 sq ft area the largest land sale recorded in 2021 so far. With Savills Singapore as the exclusive marketing agent, a joint venture between Hoi Hup Realty...
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Seventy-year-old retired hawker Chow Meng Cheng has just won a 1-bedroom condominium unit at Normanton Park after spending about S$3 on aloe vera gel and a digital voucher for nasi lemak on e-commerce platform Lazada. The condominium, valued at S$1m, is a giveaway co-sponsored by property agency PropNex. To participate in the lucky draw, Lazada...
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A few months ago, we covered whether it is worth paying a premium for integrated or mixed-use condos, such as The Centris, North Park Residences and The Woodleigh Residences. These are 99-year leasehold condos, built above amenities like a shopping mall, MRT stations and bus interchanges and retail outlets (sometimes including a cinema). Being rare,...
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Despite political strife, protests and ongoing Covid restrictions cutting Hong Kong off from the outside world (unless you’re Jamie Dimon or Nicole Kidman), the city’s high-end property market continues to thrive, reports the Financial Times. A new Asian highest price PSF record was set last week when Wheelock — the real estate company owned by...
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Update as of 17 November 2021: This article has been updated to include information released during the November 2021 BTO launch. The HDB BTO Nov 2021 exercise will offer 4,501 BTO flats in Choa Chu Kang, Hougang, Jurong West, Kallang/Whampoa, Rochor and Tengah. There will be three projects in two mature estates, while the other...
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In September, a 25th floor unit at Yong An Park unit in River Valley was transacted for S$12.5 million. Given that the sellers had bought the unit for S$3.8 million back in 2000, they earned a whopping S$8.7 million in profit with the sale. The sale also made it the most profitable deal by quantum...
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