News

Govt scales back land sales in tepid market

Sites on offer in first half of 2015 to yield fewer homes amid slowdown. -ST

Govt releases 19 land sites for sale, expected to yield 8,770 homes

MND announced the first half 2015 (1H2015) GLS Programme, which will comprise 6 Confirmed List sites and 13 Reserve List sites. -AsiaOne

HDB resale prices in November hit 40-month low

HDB prices have declined more than that of private resale flats because the government has been able to fundamentally change both supply and demand in the HDB market. -SRX

Is Hong Kong still Li Ka Shing's playground?

Restructuring plan raises question as to whether it is purely a business move. -ST

Short-term rentals a boon if property regulated

Short-term home rental, or "peer-to-peer property rental", is just one aspect of the sharing economy, based on the premise that unused value is wasted value. -ST

EC glut 'drives down unit sales, land bids'

Its research showed that 13 EC developments representing 7,149 units have been launched in Punggol and Sengkang since 2010, with about 5,700 sales. -My Paper

URA may step up action against short-term stays

The Urban Redevelopment Authority (URA) is considering beefing up enforcement against unauthorised uses of private homes. -ST

New JB waterfront city facing S'pore

Chinese state-owned developer Greenland Group is investing RM2.4 billion (S$889 million) to build "a waterfront city" in Singapore. -ST

Singapore private home prices fall 4 per cent in 2014

This is the first year of an overall price decline since 2008. -AsiaOne

Fewer property agents join industry

More have left the industry with 3,959 agents who did not not renew their registration. -AsiaOne

$2m perks by property firm scrutinised after $182m Lippo lawsuit

With Singapore's real estate market on the slide, developers regularly try and court potential home buyers by offering incentives ranging from small cash rebates to discounts on cars, rather than cutting the sales price. -Reuters

Increase in retail space in Klang Valley presents challenging outlook

Forecast 45 per cent increase in total retail space supply presents a challenging outlook in the coming years. -The Star/ANN

New condo sales in 2014 bring little cheer

Only 7,378 units sold last year - the worst tally since financial crisis in 2008. -ST

Johor project developer wants CIQ facility

CIQ facility needed to go ahead with the housing project in Johor. -ST

Condo rents fall for 11th month

Private condominium rentals continued to be hammered last month. -ST

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