Urban Redevelopment Authority (URA)

Property sector kept at 'overweight' by CGS-CIMB as monthly home sales volume picks up in May

Property

Property sector kept at 'overweight' by CGS-CIMB as monthly home sales volume picks up in May

SINGAPORE (June 19): CGS-CIMB Research is maintaining the Singapore property sector at “overweight” following a 28% month-on-month increase in home sales volume in May.
URA releases 2H19 GLS Programme with 5 confirmed list sites, 8 reserve list sites

Property

URA releases 2H19 GLS Programme with 5 confirmed list sites, 8 reserve list sites

SINGAPORE (June 6): The Urban Redevelopment Authority (URA) today released the 2H19 Government Land Sales (GLS) Programme, comprising five confirmed list sites and eight reserve list sites.
Singapore 1Q private housing price index dip q-o-q for second straight quarter in flash estimates

Property

Singapore 1Q private housing price index dip q-o-q for second straight quarter in flash estimates

SINGAPORE (Apr 1): Singapore’s private residential property price index decreased by 0.9 percentage points to 148.7 points in 1Q19 from 149.6 points in 4Q18.

Singapore economy

Singapore to have more CBD living, go underground to free space

SINGAPORE (Mar 27): The garden city of Singapore wants to be even more green. It also wants more homes in its central business district, and plans to move facilities underground to free up living space.

Singapore Jan private home sales fall 17.8% on year

SINGAPORE Feb 15 (Reuters): Sales of private homes by developers in Singapore fell 17.8% in January from a year earlier, government data showed on Friday.

M&A

Worldwide Hotel Group unit places record bid for rare hotel site after cooling measures

Editor's note: We have corrected an earlier version of Bloomberg's story to say Midtown Development is a subsidiary of Worldwide Hotel Group, and not Oxley as previously stated

Broker's Calls

Few bright spots in sight for local residential sector in near term, says OCBC

SINGAPORE (Jan 3): OCBC Investment Research is maintaining “neutral” on the local residential sector after Singapore home prices posted their first decline in six quarters, according to recent Urban Redevelopment Authority (URA) flash estimates.

Property

Singapore shoe-box rule may cheer home buyers, not home builders

(Oct 24): Putting an end to “shoe-box sized” apartments in Singapore may be reason for residents to cheer but for developers, it could prove a double whammy.

Property

Property launches continue unabated despite new curbs

SINGAPORE (Oct 23): Despite the new property development policies, City Developments and Oxley debuted their latest properties, Whistler Grand and Kent Ridge Hill Residences respectively, last weekend.
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