Singapore property profits from green awards
14 June 2010 | Property Report Asia

Developers in Singapore are reportedly profiting from new eco-friendly regulations that allows them to increase the gross floor area, if the buildings meet certain Green Mark standards.

Launched in April last year by the Building and Construction Authority (BCA) and the Urban Redevelopment Authority, the Green Mark GFA Incentive Scheme has received almost 40 applications from residential, commercial and mixed-use projects.

Property market cools as 1,078 new homes sold in May
15 June 2010 | Channel News Asia

SINGAPORE: Singapore’s property market cooled significantly in May with just 1,078 units of new private homes sold. The number is about 50 per cent lower than that in April.

The star performer in May was a mass market project The Minton in Hougang, with 204 units snapped up at a median price of S$849 per square foot.

SDB eyes Singapore’s premium property market

12 June 2010 | The Star Online

SELANGOR Dredging Bhd’s (SDB) property arm, SDB Properties Sdn Bhd is riding high in Singapore, eyeing the premium property market there.

After the launch of its first residential project in 2007 called Jia, a 22-unit seven-storey apartment block, SDB is moving forward with its second property development, Gilstead Two at Gilstead Road near Newton MRT station.

Singapore Releases First Town Council Management Report
Source: Government of Singapore Posted on: 10th June 2010

MND released the first Town Council Management Report (TCMR) today.

The 16 Town Councils were assessed on areas including estate cleanliness and maintenance, lift performance and management of arrears in service & conservancy charges.

Correction expected in Singapore’s property market: industry players
By Wong Siew Ying | Posted: 09 June 2010 2329 hrs

SINGAPORE : Industry players have said Singapore’s property market is in for a correction in coming months.

Tell-tale signs include a plateau in home prices and a drop in transaction volumes.

The Singapore Institute of Surveyors and Valuers said there were 899 caveats lodged for condominiums in the first three weeks of May.

This compares with 3,060 for the whole of April.

New condominium projects are still doing well. But property agents said home sales in the secondary or resale market have dropped by up to 20 per cent recently.

Dennis Wee Group said buyers are becoming more cautious, going by sales figures in May.

Chris Koh, director, Dennis Wee Properties, said: “Instead of seeing a 30 per cent increase in transactions as the month before, I only saw a marginal 3.5 per cent increase. A lot of buyers are pulling their handbrake, what they feel today is that the seller is asking for too high a price, and if I am not in a hurry, why not sit and wait.”