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Savvy buyers zoomed in on CCR last year, URA data shows

Amid the overall soft property market conditions, savvy private home buyers looking for attractive deals zoomed in on the Core Central Region (CCR) last year. Government data released on Thursday showed the region was 2016’s outperformer in terms of percentage increase in...

Private home rentals: Govt looking at shortening minimum stay

Amendments to the Planning Act will make two practices illegal – that of using private residential properties for rentals of under six months, and housing more than six tenants in each unit. However, the government is looking into shortening the minimum six-month...

High vacancy rates in parts of Singapore

The high vacancy rate is not just an affliction of Sentosa Cove. Mr Jose Trinidad, who lives at The Shore Residences in East Coast, said many of the 408 units in the six 20-storey towers are left empty for long periods of time. The development was completed in 2013. The...

Quiet nights and dark homes at Sentosa Cove

If solitude and silence are part of high living, then some Sentosa Cove residents are getting more than they bargained for. When The Sunday Times visited the Cove on Thursday night, many units of the private estates there were dark. At The Residences at W, a 228-unit development...

Time to relook property curbs, says consultancy firm

It’s time for the Government to consider “thawing” property cooling measures, according to an international property consultancy. The firm said in a report that one reason to reconsider the measures is the significant fall in property prices. Overall prices of...

DBSS flat resold for record $1.18m in Bishan

A Design, Build and Sell Scheme (DBSS) flat in Bishan has fetched a record $1.18 million in the priciest public housing resale deal to date. The five-roomer is one of just 12 penthouse units in the three-block, 480-unit Natura Loft project. The flat’s attractive points...

Condo launches to drive new home sales up

Last month’s tepid new private home sales tally that spelt a soft end to an otherwise bright year could soon be a distant memory. In a lively start to the year, the new private home market is expected to welcome as many as four project launches by April. One standout is the...

Industrial prices, rents in 7th straight quarterly fall

Industrial prices and rentals continued their decline for a seventh consecutive quarter in the last three months of 2016. Prices fell a further three per cent in the fourth quarter, and rentals by 0.5 per cent, said JTC on Thursday. For the year, industrial prices retreated 9.1...

Commercial rent, price slide worsens in 2016

Rents and prices of commercial space in Singapore fell at a faster clip last year compared to 2015, with office vacancies rising to a near five-year high since Q1 2012 after some large projects were completed. Latest data from the Urban Redevelopment Authority (URA) released on...

Demand for HDB resale flats expected to remain strong this year

The number of resale transactions for public housing flats rose 7.8 per cent to 20,813 cases last year from 19,306 cases in 2015. The latest figure is also the highest in four years. One factor that boosted the resale volume of Housing & Development Board (HDB) flats last...