HDB and condo rents drop in May with fewer leases signed

Rents on HDB flats fell for the first month since January, as tenants turned their attention to the condo market which is continuing to drop. Flash estimates published by SRX and 99.co on Friday (Jun 21) showed that HDB rents retreated 0.3 per cent month on month, but were still 6.2 percent higher year on … Read more

Market dips to a 78.7% drop in new private home sales in May

In May, new private home sales fell to their lowest level since records began in June 2007. The sales were down by more than 80 percent year-on-year. The marketing of major projects was not as strong last month, when the slowdown in mid-year sales was compounded by sales sagging in the last few months. Data published … Read more

$300 monthly rental voucher open to family awaiting BTO flat

Families who qualify and are waiting to receive their BTO units may now apply for $300 vouchers each month to pay for the rent of a HDB apartment, or bedroom that is available on the open market. The program under the Parenthood Provisional Housing Scheme (PPHS) that provides temporary rental homes for families that have … Read more

4th consecutive quarter see rise in SG’s business confidence

The local business mood continues to rise for the fourth consecutive quarterly. The index of business optimism increased modestly to 4.94 percent for the third quarter in 2024 from 4.82 percent points during the prior quarter. The index is based upon a business sentiment survey which the Singapore Commercial Credit Bureau (SCCB) conducts every quarter, … Read more

Ease ABSD for young local singles and PR pairs changing home

SINGLE Singaporeans were able to celebrate from Budget 2024, particularly on the housing front. If they meet certain requirements, a single Singapore citizen aged 55 or above can now claim the refund of the Additional Buyer’s Stamp Duty (ABSD) that they paid on the second home they buy. The ABSD refund is a substantial amount, as … Read more

Sengkang new housing development can have up to 10,000 homes

According to the proposed plans according to the proposed plans, around 10,000 homes could be constructed in Fernvale North near the Tampines Expressway. Urban Redevelopment Authority is preparing an 18.9ha housing area that will be bordered by Jalan Kayu and Fernvale Street. The TPE and the upcoming Sengkang West Drive, will be part of the … Read more

HDB resale prices go up 0.3%, with volume increasing by 5.3%

The resilience of the market for public housing resales for potential buyers who did not succeed in February’s Build-To-Order (BTO) exercise to look at alternatives, as well as home owners putting up flats for sale as a result of a spike in prices. The results of the BTO exercise in February as well as the … Read more

Condo resale prices climb 1.5% in April as volumes

Following a six-month period of stagnation, the resale value of condominiums increased by 1.5 percent in April. The volume reached a record of 13 months. The 27th of May the flash data released by the real estate portals SRX and 99.co revealed that 1,122 condo units were sold for the month. This was up from the … Read more

HDB resale prices higher than previous quarter

HDB plans to launch about 19,600 BTO flats by 2024. In February, it offered over 4,100 flats in seven BTO projects in Bedok, Queenstown, Choa Chu Kang, Hougang, Punggol and Woodlands. In June, it will release approximately 6,800 BTO flats located in Jurong East, Kallang/Whampoa Queenstown, Tampines, Woodlands and Yishun. Prices of Housing Board resale flats … Read more