Private residential property index decreased by 0.4% in 2nd Quarter 2023, URA flash estimate reports

The Urban Redevelopment Authority reports a 0.4% decline in private residential property prices in Q2 2023. Despite this, sales transaction volume increased by 16%, buoyed by increased unit launches.

URA says building a 25-metre swimming pool a “minor work” but ChatGPT says it’s a major undertaking

The Urban Redevelopment Authority classified the installation of a swimming pool at the Ridout Road bungalows rented by ministers K Shanmugam and Vivian Balakrishnan as “minor work”. Senior Minister Teo Chee Hean found no wrongdoing in their rental transactions. However, typically, pool construction involves substantial planning and resources, contradicting this “minor work” classification.

URA reports significant growth in private residential property market for 1st Quarter 2023

URA’s Q1 2023 report shows a significant increase in Singapore’s private residential property prices and rentals. Prices rose by 3.3%, with landed properties jumping 5.9%. CCR and RCR non-landed properties saw increased prices, and OCR rebounded. Rental growth moderated for non-landed properties, while landed rentals surged. Developer sales improved, and the government increased private housing supply to promote a sustainable market.

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).

Analysts note growing trend of foreigners snapping up of shophouses in Singapore; Prices seemingly up as a result

It was reported in the Straits Times today (26 Sep) that a three-storey shophouse…

S’pore actor voices his frustration after authorities conducted inspection at his home without warrant

Singapore actor Nick Mikhail took to his Instagram on Sunday (1 Aug)…

S’pore developers’ sales for new private homes increase 57%, with 1,217 units sold in December

The sale of new private homes in Singapore rose 57 per cent…