General Property News

In the latest Budget announcement, Finance Minister Lawrence Wong revealed that annual value (AV) bands for owner-occupied residential property tax rates will undergo revision starting January 2025. The adjustment aims to provide homeowners with the prospect of either maintaining or reducing their property tax bills, assuming no alteration in their properties’ AVs and before any applicable […]

According to a recent study of 27 countries on opportunities for families to relocate and enhance their earnings, Singapore has secured the third position globally. The study, conducted by citizenship advisory firm Henley & Partners, crowned Switzerland as the best country for building multi-generational wealth, offering unparalleled opportunities for families seeking higher earnings and promising

The Urban Redevelopment Authority (URA) has rejected the sole bid for a 99-year leasehold plot in Marina Gardens Crescent, Marina South, citing that the offer from GuocoLand (Singapore), Intrepid Investments, and TID Residential was “too low.” The white site, designated for residential and commercial development, received only one bid of nearly $770.5 million or $984

The Singapore Department of Statistics (SingStat) has released data revealing that the median income from work for households in Singapore exceeded $10,000 for the second consecutive year in 2023. The figure, which applies to resident employed households, saw a 7.6% increase from the previous year, reaching $10,869. The data sheds light on the economic well-being

Urban planning authorities are considering the conservation of People’s Park Complex, Southeast Asia’s first multi-use complex built in the 1970s. The Urban Redevelopment Authority (URA) has informed the property’s management corporation that it assessed the building to be of high heritage significance. While heritage groups welcome the move, it may impact the second collective sale

Amid a slowdown in overall demand for new private homes in Singapore in 2023, sales in the prime district have remained robust. Factors contributing to this trend include a lack of new launches in the prime district, narrowing price gaps compared to other regions, and the appeal of prime district properties for high-net-worth individuals. Key

Private home prices in Singapore continued to show a moderation in growth, increasing by 6.7% in 2023, compared to a growth rate of 8.6% in 2022. The property market experienced a slowdown in transaction volumes, with the number of units sold in 2023 decreasing by approximately 15% from the previous year. Despite the moderation, suburban

Condominium resale prices in Singapore extended their upward trajectory for the fourth consecutive month in November, although resale volumes remained subdued. According to flash data from SRX and 99.co, overall resale prices increased by 0.4% from the previous month and were 7.4% higher year-on-year. Resale volumes, however, were modest, with 848 units changing hands in

Amid a slowdown in overall demand for new private homes in Singapore in 2023, sales in the prime district have remained robust. Factors contributing to this trend include a lack of new launches in the prime district, narrowing price gaps compared to other regions, and the appeal of prime district properties for high-net-worth individuals. Key

November witnessed a significant rebound in Singapore’s private home sales, driven by the successful launches of suburban condominiums – J’den in Jurong East, Hillock Green in Lentor Central, and the luxury prime district project Watten House. The surge in sales, up 286% from October to a four-month high of 784 units, was attributed to pent-up