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HDB resale prices continued to climb in 4Q2024, recording a quarterly increase of 2.6% according to data released by HDB on Jan 24. This marks the 19th consecutive quarter of price growth in the resale market, bringing the cumulative price increase for public housing to 9.7% for the whole of last year. The yearly uptick in resale prices nearly doubled the 4.9% y-o-y increase registered in 2023. However, last quarter’s price increase moderated slightly compared to the 2.7% q-o-q increase recorded in 3Q2024.

According to Mohan Sandrasegeran, head of research & data analytics at SRI, the robust growth in resale …

A prime residential development site located at Jalan Naung has been listed for sale by expression of interest (EOI) with an asking price of $8.38 million. The Urban Redevelopment Authority’s Master Plan for 2019 designates the land for residential use within a mixed-landed zone with a maximum of three storeys. This 999-year leasehold property spans over 5,408 square feet and is situated off Upper Serangoon Road in District 19. The asking price equates to a rate of $1,550 per square foot on the land area.

According to Brilliance Capital, the exclusive marketing agent for the site, the potential developments for …

Luxury hotel brand Radisson Collection has recently unveiled its newest property in Galle, Sri Lanka. The 106-key Radisson Collection Resort, Galle is the first hotel of its kind in the Southeast Asia and Pacific region for the Radisson Hotel Group. It also marks the company’s fourth hotel in Sri Lanka.

All 76 guest rooms and suites at the resort offer breathtaking views of the ocean. The hotel boasts a range of top-notch facilities including a stunning beachfront pool, a kids’ club with around-the-clock nanny services, and a variety of dining options. These include Ozen, a fusion restaurant serving Asia-Japanese fare, …

Meinhardt, a leading engineering consulting firm based in Singapore, has entered into a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN). The partnership aims to jointly explore and implement digital and smart city projects in developing countries in the Association of Southeast Asian Nations (ASEAN) region, according to a press release on January 17.

Through this MOU, the two parties will work together to promote innovative and sustainable urban solutions by exchanging knowledge and resources. JOIN will leverage its network and expertise in supporting Japanese infrastructure exports, while Meinhardt will utilize its …

Housing Minister Desmond Lee has announced the successful completion of the last two delayed projects due to the pandemic by HDB, as stated in a Jan 20 press release. These two projects are Punggol Point Cove (Phase 2) and Kempas Residences, marking the completion of all pandemic-related housing projects by HDB. Over the past five years, these 92 projects have provided more than 75,800 new flats to the citizens of Singapore.

A major factor to keep in mind when considering investing in a Singapore condo is the government’s property cooling measures. In recent years, the Singaporean government has implemented several …

CDL’s subsidiary, CDL Hotels Holdings New Zealand Limited (CDLHH NZ), has announced its intention to acquire all the shares it does not currently own in the New Zealand-listed Millennium & Copthorne Hotels New Zealand Limited (MCK) for NZ$2.25 ($1.72) per share. The company plans to delist and privatise MCK after the completion of the offer, simplifying the ownership structure of its New Zealand entities.

When contemplating an investment in a condo, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the …

Roxy-Pacific Holdings’ executive chairman, Teo Hong Lim, has announced that 71 of the 113 units at Bagnall Haus, a freehold condominium in Singapore, were sold on the first day of its launch on Jan 18. This equates to a remarkable sales rate of almost 63%, with an average transacted price of $2,490 per square foot.

The majority of the buyers, over 90%, were Singaporeans, with most being end-users with various budgets. The take-up rate was strong across all unit types, with two- and three-bedroom units being the most sought after. However, there was also significant demand for the larger five-bedroom …

Key DetailsCommonwealth Towers topped the list of private non-landed properties to reach a new psf-price peak during the week of Dec 27 to Jan 3. The 99-year leasehold condo hit its new price high of $2,460 psf on Dec 27 when it recorded the sale of a 904 sq ft, three-bedroom unit on the 40th floor for $2.22 million.

In the week of Dec 27 to Jan 3, Commonwealth Towers emerged as the top private non-landed property to reach a new peak price per square foot (psf). The 99-year leasehold condo hit a new high of $2,460 psf on Dec …

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HDB to Launch Over 25,000 New Flats in 2025

Minister for National Development Desmond Lee has announced that the Housing and Development Board (HDB) will be launching over 25,000 new flats in 2025. This announcement was made in a joint press release by HDB and the Ministry of National Development (MND) on January 16.

The launch will include about 19,600 Build-to-Order (BTO) flats across three sales exercises and more than 5,500 Sale of Balance Flats (SBF) in one SBF sale exercise. The units will be a mix of Standard, Plus, and Prime BTO flats under the new classification framework.…

On the last day of December 2024, a three-bedroom penthouse at Orchid Mansion, a freehold development located on Amber Road in District 15, was sold for $4.88 million, resulting in a profit of $2.58 million (112%). This transaction marked the most profitable resale deal from Dec 31, 2024, to Jan 7, 2025.

The 2,842 square feet unit situated on the 21st floor was purchased at the rate of $1,717 per square foot. It had been previously bought at the price of $809 per square foot in March 2009. This successful transaction translates to an annualized profit of 4.9% over a …