Category: Singapore Property Market News

In May 2022, sales of new homes hit a six-month high, five months after the latest round of measures to slow the market was announced in December 2021.

Business 1 (B1) and Business 2 (B2) are the two main types of zoning for industrial properties (B2). B1 sites are usually for light, clean industries, while B2 sites could be used for heavy industries that have a bigger effect on the environment.

Data from the Urban Redevelopment Authority (URA) showed that transactions of new homes sales, excluding executive condominiums (ECs), stayed the same in April, with developers transacting 653 units as compared to 654 units in March.

The closed bids for two state-owned plots were a bit of a mixed bag. Developers were eager to open their wallets for a site in Pine Grove, but they didn’t seem too interested in a large site in Dunman Road.

A Chinese citizen had purchased 20 apartments at CanningHill Piers, a new condominium at Clarke Quay, for more than $85 million.