Singapore Property Listings

TEXTILE CENTRE

img 200 JALAN SULTAN
SALE
  • img 1,087 Sq/ft
  • img S$1,333.95 psf
S$1,450,000

Listed by : Charme YAN

DAISY SUITES

img 35 DAISY ROAD
SALE
  • img 592 Sq/ft
  • img S$1,722.97 psf
  • img 2 Bedrooms
  • img 1 Bathrooms
S$1,020,000

Listed by : Charme YAN

YISHUN RIVERGREEN BLK 303 Yishun Central

img 303 YISHUN CENTRAL RIVERGREEN
HDB
SALE
  • img 1,130 Sq/ft
  • img S$608.85 psf
  • img 3 Bedrooms
  • img 2 Bathrooms
S$688,000

Listed by : Cat Lam

AVENUE SOUTH RESIDENCE

img 11 SILAT AVENUE
RENT
  • img 527 Sq/ft
  • img S$7.59 psf
  • img 1 Bedroom
  • img 1 Bathroom
S$4,000

Listed by : Andy CHIA

SENGKANG WEST FERNVALE WOODS

img 457B SENGKANG WEST ROAD FERNVALE WOODS
HDB
RENT
  • img 409 Sq/ft
  • img S$5.75 psf
  • img 1 Bedroom
  • img 1 Bathroom
S$2,350

Listed by : Carol Pang

281 Choa Chu Kang Ave 3

img 281 CHOA CHU KANG AVENUE 3 KEAT HONG TEMBUSU
HDB
SALE
  • img 1,119 Sq/ft
  • img S$491.51 psf
  • img 3 Bedrooms
  • img 2 Bathrooms
S$550,000

Listed by : Jack LIm Wee Hua

How We Work

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New Launch Projects

In our New Launch projects section, you can find the latest New Launch condos for sale, together with the property news on upcoming projects and all you need to know about new condo launches in Singapore.

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Buy Property

Searching for your dream home through our real estate database can be a fun and interactive process. You can easily find resale properties for sale such as HDB, condos and landed houses in Singapore. 

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Rent Property

Whether you are an expatriate or a citizen looking to relocate temporarily, make use of our rental properties database to find the available HDB for rent or Condos for rent. 

Singapore Property

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HOME OWNERSHIP AND INVESTMENT

There are different types of property in Singapore and 80 percent of the population stay in HDB flats also known as public housing. The rest of Singaporeans reside in private residential such as condominiums, walk up apartments and landed properties. 

Singaporeans like to invest in new launch projects and resale private condos. Other real estate asset classes include the commercial retail shops and industrial units B1 or B2 which are not subject to Additional Buyer Stamp Duty (ABSD).

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Articles

Plus and Prime flats for October BTO Sales Exercise: Overhaul of Public Housing Classification

Home buyers in Singapore are set to benefit from the upcoming October Build-to-Order (BTO) sales exercise, which will launch next week with the largest number of projects to date. This exercise will mark the debut of a new classification system for public housing flats, aimed at offering more variety in housing types and ensuring affordability across different income groups. The Housing and Development Board (HDB) announced the availability of 8,573 flats across 15 projects in nine towns under the Standard, Plus and Prime framework, designed to cater to diverse housing preferences and needs. New Framework: Standard, Plus, and Prime Flats In a major shift, flats will now be categorized as Standard, Plus, or Prime based on their location, connectivity, and available amenities. This replaces the previous distinction between mature and non-mature estates. - Standard flats: Represent the baseline classification, generally found in areas with good but fewer premium attributes. - Plus flats: Found in "choicer locations" with better connectivity and unique features, offering a middle ground between Standard and Prime. - Prime flats: Located in areas with exceptional locational advantages, including proximity to the city center and amenities. HDB announced that seven Plus projects and one Prime project will be available in the upcoming exercise. The Plus projects will span towns like Kallang/Whampoa, Ang Mo Kio, Bedok, and Geylang, offering a total of 3,273 units. Notable developments include Kallang View, positioned between Kallang and Geylang Bahru MRT stations, and two waterfront projects—Bayshore Vista and Bayshore Palms —providing a sea view for upper floors.  The sole Prime project, Crawford Heights, will be located at the junction of North Bridge Road and Crawford Street in Kallang/Whampoa, offering 312 flats in a central area within a five-minute walk of Lavender MRT station. Standard Flats Still Dominate While the Plus and Prime flats present attractive options for buyers looking for premium locations, Standard flats will make up the bulk of this exercise, with 4,988 units across seven projects in towns like Bukit Batok, Jurong West, Pasir Ris, Sengkang, and Woodlands. These flats range from two-room flexi to larger 3Gen flats, offering a variety of housing options to meet different family sizes and needs. New Classification to Promote Fairness and Affordability The revamped classification aims to promote a good social mix in all towns and ensure that housing remains affordable to all income groups. In line with this, HDB will provide additional subsidies to buyers of Plus and Prime flats, ensuring they remain accessible to a broader range of Singaporeans. However, to prevent speculative gains, or what is often called the "lottery effect," these flats will come with stricter resale conditions, including a 10-year minimum occupation period (instead of the usual five years) and a subsidy clawback upon resale. Changes to Allocation Quotas and Schemes The new classification will also lead to adjustments in flat allocation quotas and ballot chances for first-timer applicants. Flats that were previously categorized as non-mature estate flats will now align with the Standard classification, while parameters previously applied to Prime Location Public Housing (PLH) flats will now apply to Prime flats under the new system. One significant change in this BTO exercise is that singles will, for the first time, be allowed to apply for two-room flexi flats in all locations across Singapore. More than 1,900 two-room flexi flats will be available in 10 of the 15 projects, offering greater opportunities for singles to own homes. Shorter Waiting Times for Select Flats In addition to the variety of housing types, buyers can look forward to shorter waiting times for certain projects. HDB will offer 2,085 flats with reduced waiting times across three projects in Bukit Batok and Sengkang, including West BrickVille in Bukit Batok, where flats will be completed within two years—one of the shortest wait times for a BTO project. Conclusion This upcoming BTO exercise, with its largest-ever number of projects and the new classification system, signals a significant step toward creating more inclusive and diverse public housing options in Singapore. The mix of Standard, Plus, and Prime flats provides potential homeowners with a broader range of choices, ensuring that housing remains accessible, equitable, and reflective of the different needs and aspirations of Singaporeans. Frequently Asked Questions (FAQs) Question: What happens if there is a divorce within the 10-year MOP? Answer: Neither husband nor wife is allowed to take ownership of the residential property, the flat will have to be surrendered back to HDB at a price that will likely be based on the original BTO purchase price less acquisition costs. Question: I am a single, what type of HDB flat can I buy? Answer: First-time single applicants are now eligible to: (a) purchase new two-room flexi flats in all locations under the Standard, Plus, and Prime categories; (b) purchase Standard or Plus flats of any size (excluding 3Gen flats) on the resale market; and (c) purchase two-room flexi Prime flats on the resale market. Question: When does the Minimum Occupation Period start counting? Answer: The 10-years Minimum Occupation Period (MOP) for your Plus or Prime HDB flat is calculated from the date you collect your keys. It does not include any periods when the flat is not occupied, such as when the entire flat is rented out or if there has been a breach of the flat lease. Question: What is the income ceiling for resale buyers of the Plus and Prime flats? Answer: The income ceiling is S$14,000 for the resale of Plus and Prime flats whereas the income cap for singles is S$7,000 if it is a Prime flat. Question: Can I rent out my whole flat after MOP? Answer: No, you are not allowed to rent out your entire flat if it is classfied under Plus or Prime flats. This type of flats are meant for genuine owner occupation and not investment. However, you can rent out individual bedroom as a room rental.

October 11 2024
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Understanding the HDB Lease Buyback Scheme: A Comprehensive Guide

The Housing and Development Board (HDB) Lease Buyback Scheme (LBS) is a unique initiative by the Singaporean government aimed at helping senior citizens monetize their homes to supplement their retirement income. Introduced in 2009, this scheme provides a way for elderly Singaporeans to enjoy financial security in their golden years while continuing to live in their homes. Let's delve into the key aspects of this program, its benefits, eligibility criteria, and how it works.   1. What is the HDB Lease Buyback Scheme? The HDB Lease Buyback Scheme allows elderly homeowners living in HDB flats to sell part of their flat’s remaining lease back to the government, while retaining a 15- to 35-year lease to continue living in the same flat. The proceeds from this sale are used to top up their Central Provident Fund (CPF) Retirement Accounts, and in turn, these funds are used to purchase CPF LIFE annuities, which provide a steady stream of income for the rest of their lives. The scheme is particularly designed for elderly homeowners who wish to age in place, ensuring that they don’t have to move out of their familiar environment but still benefit from additional retirement funds. Most of the elderly folks are reluctant to move out of the neighbourhood where their decades-long friends reside, said JT Chia, Managing Director of Propertyforsale.   2. Eligibility Criteria Not every HDB flat owner qualifies for the Lease Buyback Scheme. The eligibility requirements are as follows: Age: At least one owner of the flat must be aged 65 or older. Flat Type: Initially, the scheme was available only for owners of 3-room or smaller flats. However, as of 2015, the scheme was expanded to include owners of 4- and 5-room flats, as well as larger flats like executive apartments. Flat Ownership: The flat must be owned under the Home Ownership Scheme (excluding those with more than one property). Remaining Lease: The flat must have a remaining lease of at least 20 years after selling the part to the government. Income Ceiling: The combined household gross income must not exceed $14,000 per month. Minimum Lease Period: Homeowners must retain a lease of at least 15 years (this can go up to 35 years depending on their age).   3. How Does the Scheme Work? The process of the HDB Lease Buyback Scheme is straightforward, designed to be hassle-free for senior citizens. Here’s a step-by-step breakdown: Step 1: Application – Interested flat owners submit their applications to HDB for review.   Step 2: Lease Retention – Homeowners can choose to retain a 15- to 35-year lease, based on their age and their retirement plans. For instance, those aged 65-69 need to retain a 30-year lease, while those aged 80 and above only need to retain a 15-year lease. Step 3: Lease Sale – The remaining lease is sold back to the government. The amount received from this sale is then used to top up the CPF Retirement Account (RA).  Step 4: CPF LIFE Annuity – The proceeds from the lease buyback are credited to the homeowner’s CPF RA. After the top-up, homeowners must use the funds to purchase a CPF LIFE annuity, which ensures a lifelong monthly payout for their retirement. Any remaining cash (after CPF LIFE top-up) is given to the homeowner as a lump sum.   4. Benefits of the HDB Lease Buyback Scheme The Lease Buyback Scheme provides several key benefits to elderly homeowners: 1. Unlocking Home Equity Without Relocation One of the major advantages of the LBS is that it allows homeowners to monetize their flat without selling and relocating. This is ideal for seniors who are emotionally attached to their homes and wish to continue living in familiar surroundings. 2. Steady Retirement Income The proceeds from the sale of the lease are used to top up the CPF RA, which is converted into a CPF LIFE annuity. This guarantees a steady monthly income for the rest of the homeowner’s life, ensuring financial security in retirement. 3. Flexibility of Lease Retention Seniors have the flexibility to choose the number of years they want to retain their lease based on their age and circumstances. This allows them to continue living in their flat for many years without worrying about running out of housing options. 4. Lump Sum Cash Payout After fulfilling the CPF top-up requirement, any remaining proceeds from the lease sale can be taken as a lump sum cash payout. This provides homeowners with immediate access to cash for medical expenses, daily living costs, or other financial needs. 5. Enhanced Retirement Savings Through the CPF top-up and CPF LIFE annuity, seniors enhance their retirement savings, reducing their dependence on other financial sources.   5. Considerations and Potential Drawbacks While the Lease Buyback Scheme offers a great deal of flexibility and financial support for retirees, it is not without its considerations: 1. Reduction in Inheritance By selling a part of the lease, the flat’s future value is reduced. This may impact the inheritance potential for beneficiaries, as the remaining lease on the flat will be shorter when passed on to their children. 2. Uncertainty Regarding Lifespan Seniors may find it difficult to accurately predict how long they will live. Retaining too short of a lease could lead to complications if they outlive the lease period, potentially leaving them in need of rehousing.    6. Conclusion The HDB Lease Buyback Scheme is a thoughtful initiative that caters to the financial needs of aging Singaporeans. It provides a balanced solution by allowing elderly homeowners to unlock their housing wealth while ensuring they can continue to live in their homes for the rest of their lives. With its expanded eligibility criteria, the scheme is now more inclusive, benefiting a larger portion of the elderly population. As with any retirement planning tool, it’s important for homeowners to weigh the pros and cons of the Lease Buyback Scheme carefully. For those looking to increase their retirement savings without leaving their home, this scheme offers a viable and beneficial option.

September 11 2024
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Singapore Tightens HDB Loan Limits to Cool Resale Market, Enhances CPF Housing Grant

In a strategic move to moderate Singapore’s public housing resale market, the government has announced new measures to tighten the maximum loan amount that home buyers can obtain from the Housing and Development Board (HDB). Starting from Tuesday, August 20, 2024, the loan-to-value (LTV) limit for HDB loans will be reduced from 80% to 75%, effectively lowering the maximum loan amount available to buyers. This change was announced on Monday in a joint media release by the Ministry of National Development (MND) and HDB. The reduction aligns HDB loans with those offered by financial institutions, which also have an LTV limit of 75%. A Series of Cooling Measures This adjustment marks the fourth set of property cooling measures since December 2021, when the LTV for HDB loans was initially reduced from 90% to 85%. The LTV was further cut to 80% in September 2022, and now it has been tightened once again in response to continued price pressures in the resale market. The government’s ongoing intervention reflects its commitment to maintaining housing affordability amidst strong demand for resale flats. Although HDB resale prices grew by 4.9% in 2023—down from 10.4% in 2022—the first half of 2024 still saw prices rise by over 4%, driven by robust demand and a tight supply of flats reaching their minimum occupation period. Enhanced CPF Housing Grant for First-Time Buyers In tandem with the new LTV restrictions, the government has also announced an increase in the Enhanced CPF Housing Grant, aimed at supporting first-time home buyers, particularly lower-income households. Prime Minister Lawrence Wong revealed the enhancements during his National Day Rally speech on Sunday, highlighting the government’s focus on helping families secure affordable housing. Eligible first-time families can now receive up to S$120,000 under the Enhanced CPF Housing Grant, an increase of S$40,000 from the previous maximum of S$80,000. For eligible first-time singles, the maximum grant will increase by up to S$20,000, bringing it to S$60,000. The grant amounts are tiered based on household income, with the highest increases allocated to lower-income families. There are no restrictions on the type or location of flats eligible for the grant, ensuring broad access to this enhanced support. First-timer families Housing Grants GRANT CURRENT REVISED CPF Housing Grant 2- to 4-room flat S$80,000 (last increased in Feb 2023) No change   5-room or larger flat S$50,000 (last increased in Feb 2023) No change Enhanced CPF Housing Grant (EHG) Up to S$80,000 Up to S$120,000 Proximity Housing Grant (PHG) Up to S$30,000 No change Total grants for resale flats Up to S$190,000 Up to S$230,000 Total grants for new flats (EHG) Up to S$80,000 Up to S$120,000 First-timer singles Housing grants GRANT CURRENT REVISED CPF Housing Grant 2- to 4-room flat S$40,000 (last increased in Feb 2023) No change   5-room or larger flat S$25,000 (last increased in Feb 2023) No change Enhanced CPF Housing Grant (EHG) Up to S$40,000 Up to S$60,000 Proximity Housing Grant (PHG) Up to S$15,000 No change Total grants for resale flats Up to S$95,000 Up to S$115,000 Total grants for new flats (EHG) Up to S$40,000 Up to S$60,000 Impact and Implementation Since the introduction of the Enhanced CPF Housing Grant in September 2019, approximately 72,300 first-time households have benefited, with total disbursements exceeding S$2 billion. In the first half of 2024 alone, around 7,000 first-time households received S$204 million in grants. Of those who have benefited from the grant so far, 40% purchased resale flats, while the remaining 60% bought new flats through various HDB sales modes, such as Build-to-Order (BTO), Sale of Balance Flats, and open booking. The revised grant amounts will apply to first-time households who apply for a new flat from the October 2024 BTO exercise onwards, submit a resale flat application on or after August 20, 2024, or apply for an HDB Flat Eligibility (HFE) letter on or after the same date. Ensuring Affordability and Accessibility Despite the tighter LTV limits, the authorities emphasized that first-time home buyers, especially those from lower-income households, will be less impacted due to the significant housing grants available. Eight in 10 first-time families who collected the keys to their resale flats in 2023 used 25% or less of their monthly household income to service their HDB housing loan, often without needing to make any cash outlay. The government remains vigilant in monitoring the property market and has reiterated its commitment to keeping public housing affordable and accessible. As MND and HDB stated, “We will continue to monitor the property market closely and adjust policies as necessary to foster a stable and sustainable property market.” These new measures reflect a careful balance between cooling the resale market and supporting first-time buyers, ensuring that public housing remains within reach for Singaporeans.

August 20 2024
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Resale Prices of HDB Flats Surge Amid High Demand and Limited Supply

The resale market for public housing flats in Singapore experienced a significant uptick in the second quarter of 2024. According to data from the Housing and Development Board (HDB), resale prices grew by 2.3% over the previous quarter, driven by stronger demand amidst limited supply and global economic uncertainties. This growth rate exceeded the earlier estimate of 2.1% released on July 1. Strong Price Growth and Increased Transaction Volumes The 2.3% rise in Q2 follows a 1.8% increase in the first quarter and surpasses the 1.5% growth observed in Q2 2023. On a year-on-year basis, resale prices climbed by 6.6%, outpacing the 6% price growth seen in private residential properties. Notably, resale flat prices have surged by 43.7% since their lowest point in Q2 2019. The number of resale transactions also increased, rising by 4% in Q2 to 7,352 units from 7,068 units in the previous quarter, marking a 12.9% year-on-year increase. This resulted in a price growth of 4.2% for the first half of 2024 and a total transaction volume of 14,420 units, up 6.9% from the same period last year. Older resale HDB Flats remain attractive The number of resale flats that are at least 40 years old hit a new high, with 3,042 transactions in the first half of the year, according to data from the Housing and Development Board (HDB). This surpasses the previous first-half record of 2,412 units during the same period last year. Although newer flats—those less than 10 years old—still command higher prices, the price difference between newer and older flats has narrowed over the past year. Older flats are becoming a larger share of total resale transactions, accounting for 22 percent of the 13,838 transactions in the first half of 2024. This trend continues even as local residents remain aware of the diminishing leases on older flats. Factors Driving Demand Analysts attribute the price and sales volume hikes to robust demand for resale flats, particularly in mature estates. Demand in these areas surged by 18.9% year-on-year in Q2, with 2,833 transactions recorded. Buyers are particularly attracted to resale flats in mature estates because these flats are not subject to the stringent resale conditions and subsidy clawbacks of future Build-To-Order (BTO) homes, which will fall under the new Plus or Prime categories starting in H2 2024. The new BTO classification system will offer more subsidies for Plus and Prime flats but will also impose strict resale restrictions. Economic Uncertainties and Supply Constraints Economic uncertainties and job security concerns have also contributed to the increased demand, as some homebuyers who previously considered private residential properties opted for HDB resale flats instead.  The supply of resale flats has been tight, with fewer new flats meeting the minimum occupation period (MOP) this year. This reduction in available resale stock has put upward pressure on prices amid strong demand. Higher Demand for Larger HDB Flats There were 4,214 transactions for five-room and executive flats in H1 2024, representing a 9.3 percent increase from the 3,854 units sold in H1 2023. A growing number of private homeowners, having completed the 15-month wait-out period required to purchase a resale flat, may have contributed to the strong demand for larger flats. In Q2, 236 million-dollar resale flats were sold, a nearly 30% increase from the previous quarter's 183 units. Outlook for the Resale Market PropertyforSale Managing Director, JT Chia, forecasts that HDB resale volumes will reach 26,000 and resale prices could increase by at least 7 percent this year, driven by strong demand for resale flats and steady price growth. This trend is expected to continue as buyers seek to secure their homes amid economic uncertainties and evolving housing policies.

August 03 2024
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Subdued Bidding Reflects Property Developers' Caution in Government Land Sales Tenders

Recent state land tenders in Singapore revealed a subdued bidding environment, indicating a cautious stance among property developers in the face of a sluggish housing market and persistent high financing costs. This sentiment was evident in the URA tender results for two significant plots: a private residential site in Margaret Drive, Queenstown, and an Executive Condominium (EC) plot in Jalan Loyang Besar, Pasir Ris. Margaret Drive Tender Attracts Limited Interest The tender for the Margaret Drive site, capable of accommodating 460 homes, received only two bids. The highest bid of S$497 million, or S$1,154 per square foot per plot ratio (psf ppr), came from Hong Leong Group units and GuocoLand. This was approximately 5% higher than the next highest bid of S$473.6 million, or S$1,100 psf ppr, from Sing Holdings. The outcome was at the lower end of market expectations, where property analysts had anticipated up to three bids, ranging from S$1,150 to S$1,250 psf ppr. This lukewarm response contrasts sharply with the tender for a nearby site in 2017, which drew 13 bidders and a winning bid exceeding S$1 billion, or S$1,051 psf ppr. Market observers had expected greater interest, citing a lack of new private housing projects in Queenstown and the area's appeal to potential upgraders from resale flats. Chia JT, Managing Director of Propertyforsale, pointed out that the site's attractive location and size were overshadowed by ongoing market challenges. These include high construction costs, elevated borrowing rates and global economic uncertainties, compounded by the inclusion of a childcare center in the site's development plans. Pasir Ris EC Plot Sets Record Land Price Amid Modest Interest The EC site at Jalan Loyang Besar in Pasir Ris attracted four bids, with the highest offer of S$557 million, or S$729 psf ppr, setting a new record for EC land prices. The top bid came from a consortium comprising CNQC International, China Communications Construction Company, and ZACD. The second-highest bid, at S$538.9 million or S$705 psf ppr, was submitted by Allgreen Properties and China Construction (South Pacific) Development Co. The record-setting bid reflects developers' confidence in the EC market, a segment generally less impacted by recent property cooling measures due to its appeal to owner-occupiers and first-time buyers. Market Outlook and Future New Launches "The Margaret Drive project to launch at around S$2,400 psf, consistent with nearby developments like The Hill @ One-North and Stirling Residences," said Chia, Propertyforsale MD.  The Pasir Ris EC project, on the other hand, is anticipated to launch at prices around S$1,600 psf, appealing primarily to first-time buyers and HDB upgraders. The subdued bidding in these tenders underscores a cautious approach by developers, balancing the need for new inventory with market risks. As market conditions evolve, future tenders and project launches will be closely watched as indicators of the housing sector's health and developers' strategies.

August 02 2024
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