Property News

NINE out of 10 senior executives in real estate companies in Singapore have flagged rising inflation and interest rates as the top potential risk factor which may adversely impact market sentiment in the next half year, poll findings showed. The Business Times - Read...

REAL estate honchos do not expect the latest hike in additional buyer's stamp duty (ABSD) for developers to drive further increases in property agents' commission rates, a survey by the National University of Singapore Real Estate (NUS+RE) has found. The Business Times - Read...

INVESTOR interest is heating up in the private equity residential real estate markets, as these assets will likely remain a calculated hedge against inflation and pandemic-related volatility, several industry participants said at a panel discussion this week. The Business Times - Read...

A 2,885 square foot (sq ft) unit at luxury project Ardmore Park, which transacted in November last year was the most profitable deal in the resale market in the fourth quarter of 2021 as the seller walked away with a profit of S$6.725 million - a handsome gain which far outstripped the S$4.275 million (S$1,482 per square foot or psf) paid for the house back in 1999. The Business Times - Read...

RENTS for Singapore condominiums and Housing Development Board (HDB) flats continued to rise in January 2022, while volumes saw some recovery, flash figures released by SRX Property and 99.co showed on Wednesday (Feb 16). The Business Times - Read...

APART from reducing employees' carbon footprint from commuting, hybrid working is projected to save organisations an average of US$11,000 every year for every person who works remotely for half of the week. The Business Times - Read...

OUE Commercial Real Estate Investment Trust (OUE C-Reit) on Wednesday (Feb 16) posted a distribution per unit of S$0.0137 for the second half of the fiscal year ended December 2021, down 4.2 per cent from DPU of S$0.0143 in the comparable year-ago period. The Business Times - Read...

PRIME US Reit on Wednesday (Feb 16) posted distribution per unit (DPU) of US$0.0345 for the second half of the year ended December 2021, up 0.9 per cent from a DPU of US$0.0342 in the corresponding year-ago period. The Business Times - Read...

PROPERTY player Chip Eng Seng stemmed some losses in the second half of the fiscal year 2021 ended December, paring its H2 net loss to S$31.6 million versus S$56.7 million in the comparable year-ago period. It registered a net profit of S$99,000 in H1. The Business Times - Read...

PRIME US Reit OXMU on Wednesday (Feb 16) posted distribution per unit (DPU) of US$0.0345 for the second half of the year ended December 2021, up 0.9 per cent from a DPU of US$0.0342 in the corresponding year-ago period. The Business Times - Read...