A new way of reining in property price increases?

Heated land sales have prompted Singapore's central bank to scrutinise bank financing for property development more closely through a new survey of banks last month. The Monetary Authority of Singapore (MAS) is said to have sought information from banks on their exposures and details of loan facilities granted for each project, such as key covenants [...]

2018-01-26T02:49:14+00:00January 26th, 2018|Property News|

Foreign interest seen returning to Singapore residential market

Foreign demand is expected to return to the Singapore residential property market this year, Bank of Singapore (BOS) believes. This is backed by the prospects of a price recovery and better leasing environment, as well as the fact that home prices have fallen to a sweet spot after four years of decline to render the [...]

2018-01-22T18:05:27+00:00January 22nd, 2018|Property News|

Kismis View condo sold en bloc for $102.8m

Roxy-Pacific Holdings and the group managing director of Tong Eng Group have joined hands to buy the Kismis View condo in the Upper Bukit Timah area for $102.75 million. The 43-unit development was sold en bloc to a 60-40 joint venture between Roxy-Pacific subsidiary RP Ventures and TE2 Development, the private family office of Mr [...]

2018-01-22T17:22:22+00:00January 22nd, 2018|Property News|

18 New Futura units sold at $3,200 psf at launch

City Developments (CDL) moved 18 units of its high-end condominium project New Futura at an average selling price of $3,200 per sq ft (psf) on the first day of its launch last Thursday. Market watchers deemed this a decent showing, given that most of the units sold were the four-bedroom and three-bedroom units. CDL said [...]

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