Singapore - Housing 18 (Apr 19 - Dec 25)

[behappyalways]

Government introduces new round of property cooling measures; ABSD for foreign buyers doubles to 60%
https://www.theedgesingapore.com/news/p ... rs-doubles

[behappyalways]

Mohd Zarif Hashim, CEO of Malaysia's Mass Rapid Transit Corp (MRT Corp), said that the targeted overall travel time would be 15 minutes -- "five minutes to clear immigration, five minutes for waiting time and travel, and another five minutes to move out of the Woodlands North."

JB-S'pore RTS Link 'on track' for completion by end-2026, S'pore side is 50% done: Iswaran
https://mothership.sg/2023/05/rts-link- ... ministers/

[behappyalways]

What do tenants think about rising rents?

房租涨涨涨 房客怎么看

https://m.youtube.com/watch?v=Z2PE9gk9n2E&t=153s

[behappyalways]

Eight confirmed list sites yielding 5,160 new residential units, the highest in 10 years
https://www.edgeprop.sg/property-news/e ... t-10-years

[behappyalways]

Two plots for private homes snag billion-dollar top bids from developers
https://www.straitstimes.com/business/t ... developers


Tender closing for URA sale site at Marina Gardens Lane
https://www.ura.gov.sg/Corporate/Media- ... es/pr23-20


Provisional Tender Results for Mixed Use Development Site at Tampines Avenue 11 and Particulars of Tenders Submitted for Executive Condominium Housing Development Site at Plantation Close
https://www.hdb.gov.sg/cs/infoweb/about ... nue-11-and

[winston]

Singapore home prices dip for first time in three years

Housing prices in Singapore fell for the first time in three years in the second quarter of 2023, indicating that the market is cooling under the impact of the latest real estate regulation measures.

Private home prices fell 0.4 percent in the second quarter from a year earlier, compared with a 3.3 percent rise in the first quarter, which is the first time since the first quarter of 2020 that housing prices in the country have fallen.

Singapore's real estate market is finally seeing the first signs of cooling as the government doubled the stamp duty on overseas buyers to 60 percent in April, which is the highest among major markets worldwide, in an effort to curb rising home prices.

While prices fell in the last quarter, transaction volumes rose by about 16 percent from the previous three months.

Home sales hit a one-year high in May as tight supply eased with the launch of new developments.

Although the property fluctuation in Singapore is mainly concentrated in private homes, the Housing and Development Board's resale price index for second homes reached a new high in the second quarter.

The HDB's secondary housing price index has risen 1.4 percent from the previous three months, which is a 13-month-consecutive quarterly increase.

After the announcement, the minister for National Development of Singapore, Desmond Lee Ti-seng, responded on Facebook that the administration would continue to increase housing supply to meet the demand and that the HDB is on track to launch 100,000 flats between 2021 and 2025.

"The confirmed supply for private housing, at around 9,250 units for 2023, stands at the highest level in a decade. We will continue to keep a close watch on the property market, and adjust our policies as necessary," he added.

Source: The Standard

https://www.thestandard.com.hk/section- ... hree-years

[behappyalways]

Tender closing for URA sale site at Jalan Tembusu
https://www.ura.gov.sg/Corporate/Media- ... es/pr23-27

[behappyalways]

CDL puts in top bid for Champions Way GLS site at $904 psf ppr
https://www.edgeprop.sg/property-news/c ... 04-psf-ppr


Lentor Central GLS site receives two bids, highest bid at $982 psf ppr
https://www.edgeprop.sg/property-news/l ... 82-psf-ppr

[behappyalways]

Altura executive condo 88% sold in second-timer balloting
https://www.edgeprop.sg/property-news/a ... -balloting

[behappyalways]

Will be interesting to see the effects on Singapore' s property market when RTS is completed in 2026

Johor Bahru real estate is increasingly favored by Chinese people
晨光第一线 | 新山房产日益受国人青睐
https://m.youtube.com/watch?v=eqHPUpB6l1s