New private home sales hit 9-month high in May on deluge of new launches

SINGAPORE: Sales of new private homes rose to the highest in nine months in May thanks to a deluge of new launches by developers, with suburban projects proving to be the most popular.

Developers sold 1,121 private homes in May, an increase of 53.1 per cent from April and 7.9 per cent from the same month last year, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jun 18).

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KL-Singapore HSR: What you need to know

SINGAPORE: Construction for the Kuala Lumpur-Singapore high-speed rail (HSR) line was due to start this year, but the project is set to be derailed, after Malaysia announced on Monday (May 28) that it will be scrapping it.

Here’s what you need to know:

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For Sale – 428 Tampines Street 41 (HDB EM)

How can a home be spacious and cozy at the same time? It could be, if the happy family who lives there make it so.

Bought a few years ago, an extensive renovation was done especially in the kitchen and the 3 bathrooms. But everything is perfectly maintained and you’ll be surprised to see that they look almost new.

So, save up your renovation cost and spend it some place else. Celebrate the gift of family here.

The 428 Tampines Street 41. Welcome to your new home.

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URA proposes 90-day rental cap, 80% consent rule for Airbnb-type accommodation

SINGAPORE: Private apartment and condominium owners who want to rent out their homes for short-term accommodation will be able to do so for 90 days a year provided they fulfil several requirements, including obtaining 80 per cent consent from owners within a development and registering their guests’ details.

These are some of the suggestions the Urban Redevelopment Authority (URA) proposed on Monday (Apr 16) in a regulatory framework for using private homes as short-term accommodation (STA).

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