Singapore’s private property market slowed down in May 2025, with only 312 new homes sold. That’s the lowest monthly figure this year. Still, it’s a 40% jump compared to May 2024, when just 223 units were sold. The slowdown came as no new residential projects were launched in May. Experts say the general election and […]
City Developments Limited (CDL) has agreed to sell its 50.1% stake in the South Beach mixed-use project to its partner, Malaysia’s IOI Properties Group (IOIPG), for approximately $834.2 million. This deal values the entire South Beach complex at around $2.75 billion, representing a 3% premium over the latest valuation of $2.67 billion as of December […]
The tender for a Government Land Sale (GLS) site at Lakeside Drive closed on June 3, drawing six bids. The top bid of $608 million, or $1,132 per square foot per plot ratio (psf ppr), came from City Developments Limited (CDL). CDL’s bid was 10.4% higher than the second-highest bid of $550.56 million ($1,025 psf […]
Two government land sites have been launched for tender in Singapore, promising to deliver over 1,000 new homes. The plots, located in Sembawang and Hougang, are set to cater to strong housing demand in the coming years. The Sembawang site, designated for an executive condominium (EC) development, covers 18,968 square meters (sq m) and offers […]
The Urban Redevelopment Authority (URA) will unveil the Draft Master Plan 2025 on June 25, announced Minister for National Development Chee Hong Tat on Thursday (May 29). The much-anticipated Draft Master Plan, which will outline Singapore’s detailed land plans for the next 10 to 15 years, is being introduced through an exhibition after gathering public […]
Despite ongoing economic challenges, Singapore’s ultra-luxury condominium market has shown promising signs of recovery, with 17 units sold in the first quarter of 2025. This represents a significant increase compared to just seven units sold in the same period in 2024. The sales figures also outpaced those recorded in the first quarters of 2023 and […]
In a significant move to cool escalating trade tensions, the United States and China have agreed to suspend a large portion of their tariffs for a 90-day period, giving both economic powerhouses a chance to resolve ongoing disputes. The joint announcement was made on May 12, following high-level discussions in Geneva. Starting May 14, the […]
In a surprising shift amid a cooling public housing market, HDB resale flat prices in Clementi surged by 15.4% in Q1 2025, according to the latest report by property agency OrangeTee released on May 6. The average resale flat price in Clementi rose to S$705,598, a sharp jump from S$611,618 in the previous quarter. This […]
For the second time in a year, a residential site launched under the Government Land Sales (GLS) programme has closed with no bids. The latest site, Media Circle (Parcel B) in the one-north precinct, failed to attract any developer interest when the tender closed on April 29, 2025. Analysts attributed the muted response to a […]
Developers in Singapore sold 729 new private homes (excluding ECs) in March 2025, reflecting a modest 1.5% increase from the 718 units transacted in March 2024, according to the Urban Redevelopment Authority (URA). While the monthly gain was minimal, the figure marked a sharp drop from February 2025, which recorded 1,597 units sold – driven […]
