Real Estate Daily News
07th June 2019
Singapore Real Estate
Govt pares land supply for private homes amid demand and supply concerns
The government has tempered private housing supply from its land sales programme for the second half of the year, amid continued signs of muted demand and a glut in supply. The total land supply from sites on both the confirmed and reserve lists for H2 2019 can yield about 6,430 private residential units, just a shade under H1 2019's 6,475 units.
Kampong Bugis site makes it to GLS programme for H2 this year
The long-awaited Kampong Bugis site has finally made it to the government land sales programme (GLS) for the second half of this year, and market response will be keenly watched due to its size and master developer concept. The 9.2 ha site, to be released under the reserve list and completed over the next 9 to 11 years, will be awarded to a single master developer to comprehensively master plan the site, and implement district-wide urban solutions.
More resale flats sold in May, with slight dip in prices: SRX
There were more Housing and Development Board (HDB) resale flats sold in May compared with April, though resale prices showed a slight dip month-on-month. Last month, 2,075 HDB resale flats changed hands, a 7.5 per cent increase from the 1,931 transacted units in the month before, according to flash estimates from real estate portal SRX released on Thursday.
Construction workers to hone skills at new hub
Construction workers will be trained to use technology like augmented and virtual reality when Singapore Contractors Association Limited (SCAL) opens its Construction Hub in 2021. This hub, which SCAL announced would be housed in a seven-storey commercial building in Tannery Lane in MacPherson, is to be refurbished from the fourth quarter of this year.
Frasers Logistics & Industrial Trust secures up to A$170m in loan facilities
The trustee of Frasers Logistics & Industrial Trust (FLT) has signed an agreement to secure up to A$170 million (S$161.8 million) in loan facilities. The lenders are DBS, OCBC and UOB, the trust's manager said in a Singapore Exchange filing on Thursday night.
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