By Romesh Navaratnarajah: In a bid to provide ample supply of large and small homes that cater to the diverse needs of home buyers in Singapore, the Urban Redevelopment Authority (URA) has announced new guidelines to cap the number of shoebox units, particularly at all new non-landed private residential developments in suburban areas. With immediate
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    By Romesh Navaratnarajah: Shoebox units, which are no more than 500 sq ft in size, are gaining in popularity with home buyers, given their lower prices. In fact the URA (Urban Redevelopment Authority) has forecast supply of small units to grow to 8,200 by end-2015 from just 2,400 presently. As such, property developers
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                      Developers are rushing to launch new projects to take advantage of the strong demand seen in the primary home sales market, according to a report by The Business Times. “Developers know this trend cannot be sustained, especially when you have HDB launching (so many
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          Property developer MCL Land has seen strong interest for its Ripple Bay condo (pictured) in Pasir Ris, with 270 units sold at the 679-unit project as of 8pm yesterday. According to a Business Times report, buyers were mostly Singaporeans with a good spread of one- to three-room units snapped up.
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                                A new condo in Bishan that’s slated to launch in mid-April could be the priciest suburban condo to hit the market, according to a report by The Straits Times. The article said that the indicative average price of Sky
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      Following record home sales in February, developers will be rolling out several housing projects into the market this week, amid fears over further cooling measures by the government. The slew of new projects include the Natura project (pictured) from Macly Group and Roxy-Pacific Holdings, MCL’s Ripple Bay condo, Frasers Centrepoint’s Palm Isles
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      Home buyers have been presented with a large number of new property launches in the first two months of the year, and many experts predict there will be plenty more to follow in the coming months. Around 2,199 residential units were launched last month, excluding executive condos (ECs), and experts believe the
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The implementation of the Additional Buyer’s Stamp Duty (ABSD) to curb Singapore’s property market significantly affected home sales in December, as it dipped 63 percent month-on-month to 632 units sold, from 1,702 in November. “The initial impact of the ABSD is felt equally across all submarkets in the demand for new residential units (prime and
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Far East Organization (FEO) has recorded strong take-up for its second SOHO development, The Hillier, launched on 1 January 2012. As of today, around 225 of the 333 one- and two-bedroom SOHO units released have been sold at an average of S$1,175 psf, with most of the buyers being Singaporeans and permanent residents (PRs). Located along Hillview
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Despite fears that Singapore’s property market could slide after the government launched a harsh round of cooling measures last week, data from the Urban Redevelopment Authority (URA) shows that the market is still very robust. In November, the total number of private housing units transacted climbed to 1,854, a 13 percent rise from 1,638 in October. Excluding
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