Press Release

SINGAPORE, 29 November 2024 – The Ministry of Finance and Inland Revenue Authority of Singapore have jointly issued a press release announcing a one-off property tax rebate for all owner-occupied residential properties in 2025. The one-off property tax rebate of 20% for Owner-Occupied HDB flats, and 15%, capped at $1,000, for owner-occupied private residential properties […]

SINGAPORE, 26 November 2024 – The tender for the Government Land Sale (GLS) sites at Bayshore Road launched on 26th November 2024. The site can potentially yield about 515 units. The tender for sale will close at 12 noon on 18 March 2025. Plum Location Slated for Future Development Residents of the Bayshore area have […]

SINGAPORE, 26 November 2024 – The tender for the Government Land Sale (GLS) sites at Media Circle A and B launched on 26th November 2024. The site can potentially yield about 325 and 500 units respectively. The tender for sale will close at 12 noon on 4 March 2025 and 29 April 2025. Under developed […]

SINGAPORE, 19 November 2024 – The tender for the Government Land Sale (GLS) site at Faber Walk closed on 19th November 2024. In total, the site drew interest from three bidders, with the top bid of $349.9 million (or $900 psf ppr) submitted by a consortium, consisting developers GuocoLand (Singapore) Pte. Ltd., TID Residential Pte. […]

SINGAPORE, 25 October 2024  HDB Resale Price Index (RPI) and Transaction Volume Continuing the trend of moderate price growth for resale flats, we have witnessed an uptick in prices for 3Q 2024, with the Resale Price Index (RPI) rising to 192.9. This represents an increase of 2.7% quarter-on-quarter (q-o-q) and 8.1% year-on-year (y-o-y). Additionally, this […]

SINGAPORE, 25 October 2024 – Private home price growth inched down in 3Q 2024, largely due to a slowdown in new home price growth, which had previously been a key driver of prices in the private home segment “We have also seen improved buyer sentiment and more homes sold this quarter despite it being a […]

SINGAPORE, 24 October 2024 – Record-setting land price and higher than usual number of bidders showcase developers’ confidence in the EC market The top bid of $465 mil ($768 psf ppr) is just 1.6% higher than the next-highest bid of $458 mil ($756 psf ppr), this slim margin indicates close competition between bidders. A total […]

SINGAPORE, 23 October 2024 – Housing & Development Board (HDB)’s October 2024 BTO exercise concludes today, following a substantial offering of 8,573 HDB homes and the first Plus flats being made available to the public. Most of the 15 projects that were launched garnered strong interest across the board, with only a few pockets of […]

SINGAPORE, 23 October 2024 – ERA Realty Network Pte Ltd (“ERA Singapore”) is pleased to announce its exclusive appointment for the sale of a rare prime industrial property located at 22 Tampines Street 92. Featuring a rare single-storey car workshop and a three-storey ancillary office, the property presents a unique opportunity for businesses looking to […]