General Property News

The Straits Times Household Income Increase

Singapore’s Median Monthly Household Income Surpasses $10,000 for Second Consecutive Year

The Singapore Department of Statistics (SingStat) has released data revealing that the median income from work for households in Singapore exceeded $10,000 for the second consecutive year in 2023. The figure, which applies to resident employed households, saw a 7.6% increase from the previous year, reaching $10,869. The data sheds light on the economic well-being […]

Scotts Square Entrance Orchard Road Singapore

Scotts Square Mall in Prime Orchard Road Area Put Up for Sale with $450 Million Guide Price

Wharf Estates Singapore, formerly known as Wheelock Properties, has listed the freehold retail podium at Scotts Square for sale with a guide price of $450 million. This retail mall is situated in a prime location off Orchard Road, a highly sought-after shopping belt in Singapore. Key details: Scotts Square is a mixed development featuring two […]

Hillhaven Artists Impression

CDL and Far East Organization Launch Lumina Grand EC and Hillhaven Condo to Kick Off 2024’s New Housing Projects

City Developments Ltd (CDL) and Far East Organization have initiated the year’s series of new housing launches with the introduction of Lumina Grand executive condominium (EC) and Hillhaven condo projects. Lumina Grand EC by CDL: Hillhaven Condo by Far East Organization and Sekisui House: These launches mark the beginning of an anticipated year in which […]

Future Keppel housing area. Source: HDB

Economists more optimistic for 2024 as Singapore economy ends 2023 on a higher note

Amid a slowdown in overall demand for new private homes in Singapore in 2023, sales in the prime district have remained robust. Factors contributing to this trend include a lack of new launches in the prime district, narrowing price gaps compared to other regions, and the appeal of prime district properties for high-net-worth individuals. Key […]

Watten House Artists Impression 1

Condo resale prices continue uptrend, volumes flat in November: SRX, 99.co

Condominium resale prices in Singapore extended their upward trajectory for the fourth consecutive month in November, although resale volumes remained subdued. According to flash data from SRX and 99.co, overall resale prices increased by 0.4% from the previous month and were 7.4% higher year-on-year. Resale volumes, however, were modest, with 848 units changing hands in […]

Tembusu Grand receives Strong Interest during Preview

Successful Launches of J’den, Hillock Green, and Watten House Drive November Rebound in Private Home Sales

November witnessed a significant rebound in Singapore’s private home sales, driven by the successful launches of suburban condominiums – J’den in Jurong East, Hillock Green in Lentor Central, and the luxury prime district project Watten House. The surge in sales, up 286% from October to a four-month high of 784 units, was attributed to pent-up […]

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