Over the launch weekend, Norwood Grand, a new residential project by City Developments Limited (CDL), saw strong demand, with 84% of its units sold at an average price of S$2,067 psf. Out of the 348 units, 292 were snapped up, marking the best-performing private residential launch of 2024. The development attracted mostly Singaporean buyers, with […]
Four residential land sites were released on October 17 under the second half of the 2024 Government Land Sales (GLS) programme by the Urban Redevelopment Authority (URA) and the Housing Board (HDB). These sites are located in Woodlands, Lentor Gardens, Marina Gardens Lane, and River Valley Green (Parcel B). The confirmed list includes two prime […]
A major new development combining residential, retail, and office spaces is set to be completed by 2029 along Havelock Road, near the Singapore River. The project, named Union Square, is spearheaded by City Developments Limited (CDL) and will rise on the site where Central Mall and Central Square once stood. At the heart of the […]
Thomson View condominium is back in the spotlight for an en bloc sale after its tender in September closed without any bids. In response, the owners are now considering reducing their reserve price by 12%, from S$918 million to S$808 million, as they shift towards private treaty negotiations. So far, about 60% of the owners […]
Real estate investment in Singapore saw a notable boost in the third quarter of 2024, following a 0.5% rate cut by the US Federal Reserve in September. This change has sparked some optimism in the property market, according to a report by Knight Frank Singapore released on October 8. Property investment sales in Q3 reached […]
The highly anticipated freehold condominium, Meyer Blue, had a successful launch over the weekend, selling 114 of its 226 units—just over half of the total—at an average price of $3,260 per square foot (psf). Prices ranged from $2 million, or $3,019 psf, for a two-bedroom unit (667 sq ft), to nearly $3 million, or $2,985 […]
City Developments Limited (CDL) is set to begin previews for its latest project, Norwood Grand, in Woodlands on October 4. This highly anticipated 348-unit condominium, located on Champions Way, will offer homes starting from S$988,000, with prices just under S$2,000 per square foot (psf). The development offers a range of unit types, with one-bedroom (plus […]
Singapore’s urban planners are working on transforming two key locations in the heart of the city into vibrant lifestyle destinations, providing more recreational and leisure spaces for residents and visitors alike. These areas include the former Singapore Chinese Girls’ School (SCGS) campus at Emerald Hill Road and a large 18-hectare plot around Marina One, near […]
Singapore’s population has surpassed a significant milestone, reaching 6.04 million in June 2024, reflecting a 2% increase from the previous year. This marks the first time the country’s population has crossed the six million mark, driven mainly by a 5% rise in the non-resident population, which grew from 1.77 million in 2023 to 1.86 million […]
A few key Federal Reserve officials hinted on Monday (Sep 23) that there may be room for more significant interest-rate cuts, noting that the current rates are still burdening the U.S. economy. Chicago Fed President Austan Goolsbee, speaking at a Q&A event, acknowledged that the central bank has a long way to go to bring […]
