Residential

THE LEVEL GROUND

Market income supports home affordability, but ensuring prices grow in line with wages still matters

Should the HDB income ceiling account for non-employment income as well?

Among the three market segments, Outside Central Region led in condo and private apartment sales, accounting for neary 40% of sales in January.

January new home sales down 57% yoy at 466 units, with two new projects launched

Including executive condominiums, 990 units are sold that month with 1,534 units launched

The price  of the freehold bungalow in Barker Road works out to S$2,737 per square foot on a land area of 15,783 sq ft.
SINGAPORE PROPERTY

Lee Kong Chian grandsons buy Barker Rd bungalow for S$43.2 million, Sentosa condos for S$23.9 million

The bungalow is next to four adjacent freehold Chancery Lane properties owned by Lee Shih Hua and Lee Shih Kwei

If it is awarded the site, the joint venture will explore a residential development comprising about 520 units.
SINGAPORE PROPERTY

CDL, Woh Hup tie-up tops Tanjong Rhu site tender with S$709.25 million bid at S$1,455 psf ppr

The 99-year leasehold private housing site fetches five bids

Building new EC homes in prime locations will expand housing choices for locals.
THE LEVEL GROUND

Timely to consider introducing a prime executive condo model

Build new ECs in choice locations and sell such homes with tighter restrictions

The 99-year leasehold plot can yield about 480 private homes.
SINGAPORE PROPERTY

Top bid for Dairy Farm condo site is 5.7% lower than that for nearby plot sold a year ago

The S$427 million or S$962 psf ppr offer is from a consortium comprising ABR, LWH, Macly Capital and Roxy Pacific

Increasing landed housing stock can help meet the aspirations of high-income earners to own landed homes.
THE LEVEL GROUND

Optimise land use: Build 5-storey landed homes 

Taller houses occupying smaller land plots won’t destroy the character of landed housing estates

Minister for National Development Chee Hong Tat said at a media doorstop on Jan 8 that having a strong supply will make BTO flats more accessible and will help to moderate resale flat prices.
SINGAPORE PROPERTY

HDB set to pump up BTO flat supply further to moderate resale prices: Chee Hong Tat

HDB asked to ‘go beyond’ current target of 55,000 flats from 2025 to 2027 to meet demand

Condo buying by foreigners and investors could jump if ABSD is relaxed.
THE LEVEL GROUND

Imagining a housing market without ABSD

A world where the private homes market has fewer shackles and all locals can buy new HDB flats

The Peirce Road property is held jointly by Tan Huan Gie nee Ong – the daughter of Metro founder Ong Tjoe Kim – and Tan Cheng Han, a grandniece of Tan Kah Kee.
SINGAPORE PROPERTY

Peirce Road GCB jointly owned by Jopie Ong’s sister and kin of Tan Kah Kee being sold for S$148 million

The transaction, now at option stage, would be the biggest Good Class Bungalow deal done in years