Urban Redevelopment Authority (URA)

Singapore 1Q private housing price index dip q-o-q for second straight quarter in flash estimates
SINGAPORE (Apr 1): Singapore’s private residential property price index decreased by 0.9 percentage points to 148.7 points in 1Q19 from 149.6 points in 4Q18. This was according to flash estimates by the Urban Redevelopment Authority (URA). Prices of non-landed private residential properties decreased by 2.9% in Core Central Region (CCR), compared to the 1.0% decrease in the previous ...
Singapore to have more CBD living, go underground to free space
SINGAPORE (Mar 27): The garden city of Singapore wants to be even more green. It also wants more homes in its central business district, and plans to move facilities underground to free up living space. As part of the plan to rejuvenate Singapore’s central area, a variety of homes and amenities in areas such as downtown, Marina South and Rochor will be planned so more people can live near ...
Singapore Jan private home sales fall 17.8% on year
SINGAPORE Feb 15 (Reuters): Sales of private homes by developers in Singapore fell 17.8% in January from a year earlier, government data showed on Friday. Data compiled by the Urban Redevelopment Authority showed developers sold 433 units last month, compared with 527 units in Åthe same month a year earlier. The level of sales in January fell from 602 units sold in ...
Worldwide Hotel Group unit places record bid for rare hotel site after cooling measures
Editor's note: We have corrected an earlier version of Bloomberg's story to say Midtown Development is a subsidiary of Worldwide Hotel Group, and not Oxley as previously stated (Jan 16): A rare plot of land that’s zoned for a hotel near Singapore’s central business district has attracted a record bid as developers shift focus after last year’s property cooling measures. Midtown ...
Few bright spots in sight for local residential sector in near term, says OCBC
SINGAPORE (Jan 3): OCBC Investment Research is maintaining “neutral” on the local residential sector after Singapore home prices posted their first decline in six quarters, according to recent Urban Redevelopment Authority (URA) flash estimates. The research house continues to project a private residential price growth range of -3% to +2% for 2019, while also maintaining its forecast for ...
Singapore shoe-box rule may cheer home buyers, not home builders
(Oct 24): Putting an end to “shoe-box sized” apartments in Singapore may be reason for residents to cheer but for developers, it could prove a double whammy. Already hit in July by cooling measures that make it more expensive to buy and redevelop older apartment blocks, home builders have now been told there’s a cap on the number of units allowed in any one project. While the move is ...
Property launches continue unabated despite new curbs
SINGAPORE (Oct 23): Despite the new property development policies, City Developments and Oxley debuted their latest properties, Whistler Grand and Kent Ridge Hill Residences respectively, last weekend. The two projects are targeted to launch officially on Nov 3. As at 1.20pm, shares in City Developments are trading at $8.15, while shares in Oxley are trading at 30 cents. In a DBS report on ...
1 Tengah town, 2nd CBD, 3 MRT lines behind CMT's Westgate buy
SINGAPORE (Aug 28): Capitaland Mall Trust (CMT) announced it was acquiring the balance 70% of the units in Infinity Mall Trust (IMT) which holds Westgate mall. See: CapitaLand Mall Trust to acquire remaining 70% stake in Westgate for $790 mil CMT says the acquisition will increase exposure to the Jurong Lake District which is slated to be the second central business district in ...
Singapore home sales soar in July on minute-to-midnight buying
SINGAPORE (Aug 15): Private home sales in Singapore soared to the highest in 16 months in July as buyers rushed to snap up properties hours before curbs aimed at quelling speculation came into effect. Developers sold 1,724 units last month, the Urban Redevelopment Authority said in a statement Wednesday. That’s more than double the 654 units sold in June and the highest since March ...
Singapore June private home sales down 20.2% from a year ago
SINGAPORE (July 16): Sales of private homes by developers in Singapore fell 20.2% in June from a year earlier, government data showed on Monday. Excluding executive condominiums (ECs), data compiled by the Urban Redevelopment Authority showed developers sold 654 units last month, compared with 820 units in the same month a year earlier. Including ECs, 706 units were sold in June, down from ...