THE LEVEL GROUND

Should developers build more one-bedroom condo units?

Affordability, leasing demand and an ageing population support having more of such housing

The new measures will apply to all executive condominium projects on government land sale sites with tender closing dates on or after May 8.
SINGAPORE PROPERTY

Upcoming EC projects that are exempt from new rules get a ‘bonus’, as buyers steer towards them: analysts

Scrapping of deferred payments could be a major blow to sales on sites sold in the future

Even with tougher rules, buying a new EC unit is a cost-effective way to achieving private housing aspirations.
COMMENTARY

Executive condo prices may be dampened by new measures, but don’t expect a sharp fall

Strengthening the housing system helps boost social cohesion

The revisions follow a review by the government given growing concerns over rising prices and "flipping" of ECs for substantial gains on resale.

New EC rules to cool prices: MOP doubled to curb flipping, no more deferred payments and more units for first-timers

Land bids, new launch sales expected to slow with first-timer priority raised to 90% of units, extended to 2 years

Completed in 1990, Balestier Regency comprises a single 10-storey residential block with 72 apartments.

Balestier Regency up for fourth en bloc sale bid at S$255 million

The price tag is about 17% higher than the second attempt in 2018 when it was launched for sale at S$218 million

How the HDB resale flat market performs has a huge bearing on the private housing market's fortunes.
THE LEVEL GROUND

Drop in HDB resale flat prices in Q1 no cause for panic among condo buyers

But mind weakening tailwind in upgrader demand if HDB resale market weakens 

Overall resale prices for public housing flats dipped 0.1% in Q1, marking the first decline in nearly seven years since Q2 2019.
SINGAPORE PROPERTY

Median resale prices hit S$1 million for 4-room HDB flats in two towns in Q1 despite overall dip

Transaction volumes of resale apartments rise 19.6% to 6,285 units, from 5,256 in the previous quarter

The development is expected to yield about 450 units across residential blocks of approximately 18 to 20 storeys
SINGAPORE PROPERTY

Hoi Hup Realty tops 3 bids for Yishun EC site with S$340.9 million or S$732 psf ppr bid

Developers expected to maintain more selective bidding approach as supply pipeline builds

The 99-year leasehold site in Kallang Close can yield about 470 private homes.
SINGAPORE PROPERTY

Frasers Property, Mitsubishi Estate JV pips CDL with S$610.75 million top bid for Kallang plot

The highest bid of S$1,415 psf ppr is just 0.7% above CDL’s offer; site fetches four bids

Two-bedroom units, sized from 624 sq ft, at Tengah Garden Residences will go from S$1.11 million.

Hong Leong Holdings to launch Tengah Garden Residences with prices from S$1,779 psf

The first private project in the precinct comprises 863 units in nine 16-storey blocks