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SG New Property Cooling Measures

December 17, 2021

[News] Measures to promote a stable and sustainable property market.

  1. Higher Additional Buyers' Stamp Duty (ABSD) rates
  2. Tightened Total Debt Servicing Ratio (TDSR) threshold from 60% to 55%
  3. Reduced Loan-to-Value (LTV) limit for HDB-granted loans from 90% to 85%
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CanningHill Piers in River Valley sells 77% of its 696 units, including $48m penthouse

November 23, 2021

[News] The robust sales make CanningHill Piers the top-selling project launch in the central area this year. Find out more about the project here » CanningHill Piers' sole penthouse, which boasts panoramic views of the city and the Singapore River, was sold for $48 million during the development's launch on the weekend. It was among 538, out of 696 units of the 99-year leasehold luxury project by City Developments Limited (CDL) and CapitaLand Development (CLD) that were snapped up. The average selling price was about $3,000 per sq ft (psf), with the 8,956 sq ft penthouse going for $5,360 psf. Apartments ranged in size from 409 sq ft for a one-bedroom unit to 1,313 sq ft for a three-bedder and 2,788 sq ft for a five-bedroom premium.

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New private home market to end the year on a high note

November 22, 2021

[News] Analysts expect new private home sales to remain robust for the rest of the year. Market is likely to end on an 8-year high of 12,000 to 13,000 new sales. More buyers are shifting their attention to CCR projects as available in suburbs gradually decrease.

Source: The Business Times, 16 November 2021

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