Pine Grove condominium in Ulu Pandan, Singapore, has embarked on its fourth collective sale endeavor, this time with a substantial reserve price of $1.95 billion. With a remaining 60 years on its 99-year leasehold, the 660-unit former HUDC estate had previously sought a buyer in 2019, setting the bar at $1.86 billion. Remarkably, this marks […]

In July 2023, Housing Board (HDB) flat rents increased by 2%, marking the 37th consecutive month of rent hikes, following a 1.4% increase in June. Overall, HDB rents have risen by 24.1% between July 2022 and July 2023, based on data from real estate portals 99.co and Singapore Real Estate Exchange (SRX). Similarly, condominium rents […]

BCA introduced a new CONQUAS banding system on 25th May 2023 to help private homebuyers make informed choices prior to their purchase and these information will be made available on BCA’s Quality Housing Portal (QHP).  Under the new CONQUAS banding system, developers and builders will be assigned a rating from Band 1 (very low incidence […]

Property giant Far East Organization and its joint venture partner, Sino Group, have announced the successful sale of 486 units at The Reserve Residences as of 6pm on May 27, the day of the project’s launch. Out of the total 732 units in the development, the developers released only 587 units for sale. This impressive […]

The Bukit Timah Link site received five offers, the highest offered being from Bukit Sembawang, for $1,343 psf ppr, while Hillview Rise site received the highest bid of $1,024 psf ppr with Far East Organization and Sekisui House placing the highest bid at S$320.78 million. Market observers noted the second GLS site had drawn only […]

Phase two of the Cross Island line – from Turf City to Jurong Lake District – will consist of six underground stations, the Land Transport Authority (LTA) announced in a press release on Tuesday (20 September). Phase Two of the Cross Island Line will begin at the Bright Hill Station, which is part of Phase […]

Far East Organization has announced the launch of its integrated development, The Reserve Residences, which will feature over 732 units in district 21. The residential units will include duplexes and penthouses in the floor plan, with prices starting from S$2,300 per square foot. The Reserve Residences is a 99-year leasehold integrated development and is conveniently […]

In April, there was a significant surge in new private home sales, reaching a seven-month high. This boost was primarily driven by the strong demand for two major projects located on the outskirts of the city. Interestingly, one of these projects was launched just days after unexpected property cooling measures were implemented on April 27. […]