Browsing Category

Property

226 posts

Indonesian family buys three luxurious bungalows on Singapore’s Nassim Road for S$206.7 million

An Indonesian family has purchased three Good Class Bungalows (GCBs) on Nassim Road, Singapore’s most prestigious address, for a total of S$206.7 million ($155 million). The bungalows are being sold individually to three members of the same family, but their identities have not been disclosed. The sales reflect Singapore’s increasing attractiveness as a destination for affluent families worldwide. However, Indonesian Finance Minister staff has raised concerns over the news, reminding the family to fulfil their tax obligation to their country. In other news, the Ministry of Home Affairs refuted reports that the city-state is set to attract 3,500 wealthy individuals to become citizens this year.

Four-room unit at Pinnacle@Duxton sets new HDB resale record at $1.4 million

A four-room flat at Pinnacle@Duxton has made history with a record-breaking sale of $1.4 million in April 2023. The 95 square metre unit, located on the 46-48th floor of Block 1C Cantonment Road, has become the most expensive four-room HDB resale flat in Singapore based on both price and price per-square-foot. The sale surpassed the previous record set by a five-room unit at the same development less than a month ago. With this sale, all four-room flats above the 24th floor at Pinnacle@Duxton have sold for over S$1 million. The development, which was launched in 2004, consists of 1,232 four-room units and 616 five-room units, and is known for its unique design featuring two sky bridges linking seven towers.

Private residential property prices rise in Singapore’s 1Q 2023

Singapore’s private residential property index increased by 3.2% in Q1 2023, compared to the previous quarter, led by price gains in the Rest of Central Region and new condominium launches in the Outside Central Region, according to a flash estimate from the Urban Redevelopment Authority (URA).

Singapore’s HDB resale prices continue to rise at slower pace as demand remains strong

Singapore’s Housing Development Board (HDB) has released its flash estimate for the 1st Quarter 2023 Resale Price Index (RPI). The RPI has increased by 0.9% over the 4th Quarter of 2022, marking the 12th consecutive quarter of increase.

Singer Dick Lee’s aunt’s prime freehold bungalows sold for S$61.1 million; Proceeds to go to charities

SINGAPORE— Three adjacent prime freehold bungalows belonging to the late Agnes Tan,…

3-room Bidadari flat rented out at S$4,100, before reaching MOP, with HDB approval

A 3-room HDB flat in Bidadari was rented out for S$4,100 per month, with HDB’s approval despite the five-year mandatory occupation rule. HDB stated that exceptions are granted on a case-by-case basis due to unforeseen circumstances. Some netizens urge HDB to regulate rental prices, citing concerns about high rental prices being exploited for speculation.

Another record-breaking sale: 5-room flat at Pinnacle@Duxton sold for S$1.4m, leaving netizens shocked

A 5-room resale flat on the 41st floor of Pinnacle@Duxton was sold for S$1.4 million, breaking the previous record. The flat spans 106 sqm and was sold at S$1,227 psf, which is higher than the previous 5-room record holder at Pinnacle@Duxton.

Landlord terminates rental agreement with tenant over alleged illegal partitioning amid soaring rental prices and high demand for flexible living spaces

SINGAPORE — The soaring rental prices of housing in Singapore have prompted…

Chinese buyer snaps up S$30 million duplex penthouse in Klimt Cairnhill Condo

SINGAPORE— A buyer from China reportedly purchased a duplex penthouse unit at…

Expats intend to move back to Hong Kong as Singapore rentals hit record highs

Recently, a 5-room flat at 42a Margaret Drive listed for $1.5 million…