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PROPERTY NEWS

New definitions of floor area could eat into developers’ saleable area - and margins - for condo projects
The changes, which will take effect on Jun 1, 2023, have the laudable objective of improving productivity for the built environment profession. However, they will also have implications for private housing developers, resulting in a reduction in saleable area for condominium projects.
The Business Times
Condo, HDB rents rise again in August; volumes remain lower on-year
99 Group’s head of research Pow Ying Khuan noted that the monthly increases for CCR and RCR rents in August were the highest over the past year.
The Business Times
Fewer condo deals in Aug as rising interest rates, Hungry Ghost bite: SRX, 99.co
Resale volumes were 14.5 per cent lower than the 1,327 units resold in July 2022, 38.6 per cent lower than the year before and 8.2 per cent lower than the 5-year average volumes for the month of August.
The Business Times
Sky Eden, Lentor Modern will test market; CDL, GuocoLand among top property picks: DBS
STRONG sales momentum for the latest 2 launches in the residential market — Sky Eden @ Bedok and Lentor Modern — will likely result in a further squeeze in supply and drive average pricing higher in H2 2022, albeit at a modest pace, said DBS in a report on Thursday (Sep 8).
The Business Times
CK Asset to release 55 more units for sale at Perfect Ten; prices start at S$2.1m
The developer said the average price for the 55 units works out to around S$3,000 per square foot (psf).
The Business Times
GuocoLand to launch preview for Lentor condo project; prices start from S$1,880 psf
This will be the first private condominium launch in the Lentor neighbourhood in more than 2 decades.
The Business Times