US mortgage rates reach lowest since 2022, spurs refinancing

The contract rate on a 30-year mortgage dropped 8 basis points to 6.09% in the week ended Feb 20

The Holland Plain state land site (in orange) is expected to house 280 new private homes.

URA releases two prime condo sites at Holland Plain, River Valley for sale

Both are Core Central Region parcels, with the Morrison Lane site being offered from the reserve list of state land sales programme

Policymakers are encouraging the acquisition of existing housing stock to reduce inventories.

Shanghai eases homebuying rules in sign of China property relief

Non-residents paying one year of social security or tax now qualify to buy homes in urban areas

The bungalow was previously the residence of Cheong Eak Chong, one of Singapore's pioneer real estate developers and founder of Hong Fok Corporation and Tian Teck group.

Receivers put one-seventh stake in Cheong family’s Oxley Rise mansion on the block

The prime freehold residential landed plot was put up for sale in 2022 at S$300 million

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The new measure is expected to affect about 0.3% of residential property deals in the city and bring in around HK$1 billion of revenue each year, according to Paul Chan.

Hong Kong hikes stamp duty for luxury homes as sales rebound

Developers have made a number of high-profile luxury property sales in the past few months

The sale of the site is not expected to incur additional buyer’s stamp duty for the developer, as the plot currently has a Business 1 zoning.

Tan Boon Liat Building in Outram up for sale again at lower S$1 billion reserve price

The price tag translates to a land rate of about S$1,757 psf ppr

About 30% of Reignwood Park’s residential units have been sold so far, with Thai buyers accounting for roughly 70% of purchases.

Luxury property complex in Thailand seeks more overseas buyers

Foreign demand has softened amid geopolitical tensions, trade disputes, safety concerns and a deadly earthquake

The 14-storey building, formerly known as The Spazio and Dapenso Building, is on a site with a balance lease of about 55 years.
SINGAPORE PROPERTY

Altallo Asset Management inks option to buy 158 Cecil Street for S$175 million

The price works out to S$1,541 psf on the net lettable area of about 113,540 sq ft

Home prices in Hong Kong rose 3.25% last year, the first annual increase in four years.

Hong Kong bank tries to sell mansion it bought at huge discount

The bank is trying to tap a rebound in the city’s housing market after a years-long downturn