Day: January 30, 2021

Singapore Landed Property
Real Estate

New Condo Sales drop 26% in 4th Quarter 2020

2020 was an excellent year for the private residential sector in Singapore, which, amid the pandemic and weaker economic circumstances, recorded a rise of 2.1 per cent in the fourth quarter, up from 0.8 per cent in the previous three months and 0.5 per cent year on year. The Housing Board resale market, which saw […]

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Singapore Property 2
Real Estate

Purchase of Singapore Property by Foreigners drop to all time low in 2020

As travel bans and lockdowns in separate countries deterred them from moving to the city-state, foreigners snapping up private apartments in Singapore declined to a 17-year low last year. According to real estate consulting firms ERA Realty Network and OrangeTee & Tie, unit sales dropped to 742 last year. That’s the lowest since 2003, when […]

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Singapore Shophouses
Real Estate

Shop Houses Tranactions perform well in 2020 despite Pandemic

Covid-19 Pandemic may have an impact on Singapore activity, but shophouses in Singapore proved an exception as the only other segment after commercial and mixed-use to improve from 2019. According to real estate consultancy Colliers International, 18 shophouses – each more thanĀ $10 million and worth a total of $288 million – transacted in the the […]

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Changi AIrport
Singapore

Singapore to suspend green lanes with Germany, Malaysia and South Korea for 3 months

The reciprocal green lane deals with Germany, Malaysia and South Korea in Singapore will be suspended for three months from Monday onwards (Feb 1). This, the Ministry of Foreign Affairs (MFA) said on Saturday, is in view of the revival of Covid-19 cases worldwide. Singapore will evaluate, at the conclusion of the suspension period, the […]

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