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

A new condo home’s saleable area typically captures more accurately a unit’s actual usable space.
THE LEVEL GROUND

High per square foot prices of new condos could be increasingly irrelevant to buyers

For many, the focus is on finding the right home at an acceptable absolute quantum

The number of resale units reaching their five-year MOP is projected to come in at 13,484 this year.
SINGAPORE PROPERTY

HDB resale prices down 0.1% in Q1, first fall in nearly 7 years: flash data

Despite overall activity moderating, the market for flats transacting at S$1m and above remains active

The mixed-use development will be integrated with Bedok South MRT station, a bus interchange and retail spaces.
SINGAPORE PROPERTY

Mega mixed-use Bayshore site for 1,280 homes could draw bids of up to S$2 billion

Analysts expect keen developer interest, with land costs projected to top S$1 billion and consortium bids likely

Buying a new executive condo unit offers a path to private homeownership for higher-income locals.
THE LEVEL GROUND

Time to cool EC demand: drop deferred payment scheme, lengthen MOP, tighten resale restrictions

Moderating growth will benefit eligible buyers without access to abundant liquidity

Located at 551 to 553 Bukit Timah Road and 6 to 8B Duke’s Road, the development is fully occupied.

Tanoto family’s Pacific Eagle Real Estate seeks S$118 million for Bukit Timah mixed-use property

The company had earlier acquired the site in a 2021 collective sale for S$53.9 million

The maiden government land sales site in the new Dover-Medway neighbourhood is bounded by Dover Road and the future Dover Drive.
SINGAPORE PROPERTY

Forsea, Qingjian’s S$1,556 psf ppr top bid sets benchmark for residential land in one-north area

First parcel released in new Dover-Medway estate for a 625-unit project draws six bids

Some analysts expect BTO units at Pearl's Hill to come under the Prime category and have a subsidy recovery rate of 18 to 20 per cent.
THE LEVEL GROUND

Would a subsidy clawback of 20% or more for top HDB BTO projects be excessive?

A Pearl’s Hill BTO flat may not be a slam dunk with tighter restrictions in place for Prime flats