News Updates from 26 - 3 May

News Updates from 26 - 3 May

Sure, here's a summary of the latest Singapore real estate property news from the given websites:

EdgeProp:

  • The new launch private residential market in Singapore is gaining momentum, with demand for new homes rebounding after the Covid-19 pandemic.
  • The prices of landed properties and luxury homes in prime districts continue to climb, while shoebox unit prices remain stable.
  • The Ministry of Law has announced several changes to the Housing and Development Act to enhance the governance of town councils, such as requiring town councils to provide financial reports more frequently and allowing for greater flexibility in the use of sinking funds.

Business Times:

  • Singapore's private home prices rose by 0.7% in Q1 2022, marking the 9th consecutive quarter of growth, but analysts predict that the pace of growth will slow in the coming months.
  • The Urban Redevelopment Authority has unveiled plans for the Jurong Innovation District, which will be a 600-hectare development that aims to be a hub for innovation and advanced manufacturing.
  • DBS Bank has launched a new property platform called Property Connect that offers mortgage and property-related services to its customers.
  • Singapore's private home prices rose by 0.7% in Q1 2022, marking the 9th consecutive quarter of growth, but analysts predict that the pace of growth will slow in the coming months.
  • The Urban Redevelopment Authority has unveiled plans for the Jurong Innovation District, which will be a 600-hectare development that aims to be a hub for innovation and advanced manufacturing.
  • DBS Bank has launched a new property platform called Property Connect that offers mortgage and property-related services to its customers.

PropertyGuru:

  • The Urban Redevelopment Authority has announced plans to launch three new residential sites in the coming months, which could yield a total of 1,560 new homes.
  • The HDB resale market continues to be buoyant, with resale prices rising by 0.4% in March 2022, marking the 13th consecutive month of price growth.
  • PropNex Realty has launched a new virtual property marketplace called Prop-X, which offers users a 360-degree view of properties and allows them to connect with agents and sellers.
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