Singapore residential property

The land parcel is being acquired from an entity linked to OCBC’s Lee family

As private non-landed homes age, a vibrant collective sales market helps optimise land use

Its bid of S$576.78 million works out to S$1,515 psf ppr, a record for a pure residential GLS site in the city fringe

Decline in net profit comes largely from fewer transactions in primary and secondary markets

Don’t disadvantage children who live further away from enrolling in a sought-after institution

The most red ink spilled in a single transaction during the quarter is S$2.1 million

The estate’s collective sale bid remains short of mandate ahead of Sep 20 deadline

Property players say move is a ‘long time coming’ though it may not necessarily translate to more sites being sold

Without the need to wait 15 months, more owners may trade private homes for premier HDB resale units