A Tumble in Banks & Property Stocks

On the evening of 5th July, the government of Singapore announced special measures for the property market. As a result, there was a further decrease in the property and bank stocks.
Soon after this announcement, companies started reducing their trade prices. Few of the companies are mentioned below:

– City Developments experienced a decrease in stock value by 17% and it was traded at S$9.30

– Trades of UOL Group collapsed down by 12.65 percent. Thenew value was S$6.77. This allowed them to recover their previous losses

– Oxley Holdings reduced by 14.63 percent after which the prices shed to 35 Singaporean cents. It was among the heaviest trade as the turnover was of 22.39 million

– CapitaLand was trading at S$3.01 after the reduction of 5.35 percent

– The Real State Agency PropNex took a spill of 13 Singaporean cents and was traded at 56 Singapore cents

– APAC Realty dropped down by 21.15 percent and the price reduced to 61.5 Singapore cents

On Monday, PropNex stepped into the Singapore Exchange holding a per-share IPO price of 65 Singaporean cents.

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The prices of private homes almost doubled in just one month

Before the new cooling measures came in, it seemed to be an unspoken fact that the prices of private homes were about to increase, no one ever thought that the difference from one month to the other would be so significant.


From April of 2018 and until May of 2018, the prices of private homes increased with 53%. Besides this, the number of homes released in May was also higher than the ones made available in April. In April  homebuyers bought a total of 664 new units, May came with 1,060 more, which means that the increased in the number of new units from one month to the other was of 59.6%. Also, in comparison with the last year, the number of units increased almost three times, considering that in April 2017, only 370 units were launched.

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Singapore to Stabilize Its Property Market

On the 5th of July, the government of Singapore announced that they will be increasing the rates of Additional Buyer’s Stamp Duty. Moreover, they have also decided to constrict the limits of loan that are applied on property purchases. They are doing all this in order to stabilize their property market by keeping economic fundamentals in mind. The announcement was made after they noticed a massive raise in the prices of private homes.

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The bidding competition for the collective sale of Kemaman Point is over

The most recent collective sale, for the Kemaman Point development, is now over, as Soilbuild, a successful real estate and construction group, grabbed the development for the price of $143.88 million. There are a total of 89 units in this residential building and each owner of the development expects to receive between $1.4 million and $2.32 million on their units, depending on their type and size, according to Knight Frank, the marketing agent that took care of this collective sale. Also, the same Mr. Frank said that the sum of $1,173 representing a square foot per plot ration of this development reflects the permissions for redeveloping the area, which can have up to 122,711 square feet at most.

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Tearing down of Rochor Centre

The rainbow coloured public housing estate in Singapore popularly known Rochor Centre will soon disappear from the cityscape. Demolition of this centre began in the morning hours of June 26 and is expected to take around ten months to be torn down floor by floor. The day witnessed heavy rainstorm bit it was not enough to stop the former residents turning up to the location to see their home of memories bowing down in the name of infrastructure development.

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Bidadari to Welcome Park Colonial Condo Very Soon

The time is changing and so is the lifestyle of the people. People are now preferring to live in places where they can get all the comforts and a decent gathering. This is where Singapore is not backing off as they are welcoming something new and exciting in the residential sector, the Park Colonial Condominium. Continue reading to know more about this place!

A new launch condominium in Bidadari called Park Colonial will be open for the people for a preview from this weekend. The sales will be starting from 14th of July. The building is developed by three estate developers, CEL Development, Heeton Holdings and KSH Holdings. The estate occupies the area of 19,547 sq. meters whereas it will consist of six towers with 805 residential units.

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