Category: Singapore Property Market News

The Coronavirus which started in December 2018 has intensified globally, surpassing figures from SARS with more than 37,000 as of 9th February 2020. China was the highest at 37,226, with Japan follow behind as 96 cases and Singapore 3rd highest at 40 cases.

National Development Minister Lawrence Wong has advised the valuator in ASEAN countries, which also includes the stakeholders in real estate Corporation, to deal with digital modernisation.

If you are looking to buy Executive Condo (EC) in 2020, there’s only limited launches available for EC. Last year in 2019, Piermont Grand @ Sumang Walk was the only EC that was launch by CDL and TID in a joint venture that see some healthy take up rate.

“I wish authorities may side on the idea of stretching the timeline of ABSD to 10 years or 7 the least, so that somehow immense pressure on developers side would decrease thus preventing the oversupply scenario from getting worst,” Kwek told during an interview in Bloomberg. He strongly believed that a lengthened timeline yields less of land hoarding indefinitely by the developers.

As the new year of 2020 entered, a new potential for developers have been foreseen coming for the...