PropertyNet.SG
693 subscribers
4.42K photos
6 videos
6 files
565 links
Your Network To Singapore Real Estate
Download Telegram
The Business Times 25 Aug 2026- Higher income ceiling for executive condos could boost buyer demand, developer confidence
πŸ“Š Singapore New Launch Sales Update (17 – 23 Aug 2026)
A total of 27 residential new launch units were sold across Singapore this week, with another 3 Commercial & Industrial units transacted.
πŸ™ CORE CENTRAL REGION (CCR) – 6 Units
β€’ Cape Royale – 3
β€’ Duet @ Emily – 1
β€’ Dunearn House – 2
πŸŒ† REST OF CENTRAL REGION (RCR) – 15 Units
β€’ Grand Dunman – 3
β€’ Hudson Place Residences – 1
β€’ One Marina Gardens – 1
β€’ Tembusu Grand – 2
β€’ Terra Hill – 3
β€’ The Continuum – 1
β€’ The Ranz – 1
β€’ The Sen – 1
β€’ Union Square Residences – 2
🌿 OUTSIDE CENTRAL REGION (OCR) – 6 Units
β€’ Canberra Crescent Residences – 1
β€’ Lentor Gardens Residences – 1
β€’ Pinery Residences – 1
β€’ Tengah Garden Residences – 1
β€’ The Myst – 1
β€’ Vela Bay – 1
🏒 COMMERCIAL & INDUSTRIAL – 3 Units
β€’ Cecil Place – 1
β€’ Space 18 – 1
β€’ Space Nova – 1
πŸ“ˆ Key Takeaway
The RCR led this week's residential sales with 15 units, accounting for more than half of the total residential transactions.
Grand Dunman and Terra Hill each recorded 3 sales, while Cape Royale led the CCR with 3 units. Sales were more evenly distributed across the OCR, with 6 units transacted across six different projects.
πŸ” Thinking of buying a new launch?
Compare projects, check the latest prices, view floor plans, explore mortgage rates, and access the latest Singapore property market insights at PropertyNet.SG.
🌐 https://propertynet.sg
#SingaporeProperty #NewLaunchSingapore #PropertyNetSG #SingaporeRealEstate #PropertyMarketSG
πŸ‘πŸ’Ž Singapore's GCB market just posted a big rebound β€” but don't read too much into the headline.

Average GCB land rates jumped from around $1,803 psf in Q1 2026 to $2,341 psf in Q2, the highest quarterly average since Q1 2025. But there were only 7 transactions in the quarter, so a handful of prime deals can move the average significantly.

The standout transaction?

πŸ’° $64.9M Nassim Road GCB
πŸ“ About 14,264 sq ft of land
πŸ“ˆ Roughly $4,550 psf
πŸ† A record psf for a Nassim Road detached property

This is why the GCB market needs to be read differently from the mass residential market.

🌳 Land is extremely scarce
πŸ”‘ Only around 2,800 GCB plots across 39 gazetted areas
πŸ‡ΈπŸ‡¬ Only Singapore Citizens can generally purchase GCBs
πŸ“Š Every plot is highly individual
πŸ’° Prime locations can command a significant premium

The key takeaway?

The $2,341 psf average doesn't mean every GCB is suddenly worth $2,341 psf. The Q2 jump was heavily influenced by deal mix and ultra-prime transactions such as Nassim Road.

πŸ”— https://propertynet.sg/singapore-gcb-market-q2-2026-land-rates-nassim-road-trophy-sale/

πŸ“Œ In the GCB market, averages can tell you the direction β€” but the value of an individual bungalow comes down to the land, location, plot characteristics and buyer demand.
πŸ‘πŸ”„ Thinking of right-sizing from one condo to another?

For many empty nesters and homeowners, moving from a larger condo to a smaller one can unlock significant equity β€” but the numbers need to make sense.

A $2.2M condo swapped for a $1.5M replacement may look like a straightforward $700K difference.

But the actual amount you unlock is lower after:

πŸ’° Buyer's Stamp Duty on the new property
βš–οΈ Legal and agent fees
🏦 Any outstanding mortgage
πŸ“Š CPF considerations
🏠 Renovation and moving costs

And if you buy the smaller property before selling your existing condo, ABSD can completely change the equation. A Singapore Citizen buying a second residential property currently faces 20% ABSD.

So the smarter question isn't:

"How much cheaper is my next condo?"

It's:

"How much net equity will I actually unlock after all costs?"

For owners approaching retirement, that released equity could potentially be redirected towards CPF retirement savings, a liquidity buffer or simply reducing ongoing housing costs.

πŸ”— https://propertynet.sg/right-sizing-condo-to-condo-2026/

πŸ“Œ Right-sizing isn't about moving into a smaller home. It's about making your property work better for the stage of life you're entering.
🏑⏱️ How long does it really take to sell an HDB?

A recent HDB sale journey can look deceptively simple β€” first viewing, offer, OTP, resale application, approval and finally completion.

But there are several moving parts behind the scenes.

A typical timeline includes:

πŸ‘€ First viewing β€” finding the right buyer
🀝 Negotiation & OTP β€” agreeing on price and terms
πŸ“ Resale application β€” both parties submit their portions to HDB
🏦 HDB processing β€” eligibility and documents are checked
πŸ”‘ Completion β€” generally about 8 weeks from HDB's acceptance of the complete resale application

The OTP itself is valid for 21 calendar days, while both parties must submit their resale application portions within the agreed timeframe and within 7 days of each other's submission.

And for sellers, planning shouldn't start only after you find a buyer.

Before listing, you should already know:

πŸ“Š Your realistic market value
πŸ’° Your estimated net sale proceeds
🏦 Outstanding loan and CPF refund
🏑 Where you'll move next
πŸ“… Whether your sale timeline matches your next property purchase

πŸ”— https://propertynet.sg/diary-hdb-sale-90-days-first-viewing-completion-2026/

πŸ“Œ A smooth HDB sale isn't just about finding a buyer. It's about planning the entire journey from Day 1 to completion.
❀1
BT 26/8/2026 - New Woodlands Gateway industrial hub takes shape as RTS Link nears completion
BT 26/8/2026 - Deal brewing for portfolio of 50 conservation shophouses at about S$500m
BT 26/8/2026 - Looking beyond the headlines in Singapore’s property market
BT 26/8/2026 - Singapore’s family office story enters its next chapter
🏑⏳ Own a 60-year-old HDB flat? Should you sell now or wait for VERS?

This is becoming an increasingly important question for owners of ageing flats.

VERS may eventually provide selected older precincts with an earlier, voluntary redevelopment option. But there is one important point: VERS is not a guaranteed payout or an automatic exit for every ageing HDB flat. The first VERS projects are only expected in the first half of the 2030s, and the details are still being worked out.

So if you're sitting on a 60-year-old flat, don't make your decision based purely on the hope of VERS.

Consider:

πŸ“Š Current market value β€” What are similar flats actually transacting at today?

⏳ Remaining lease β€” As the lease gets shorter, the pool of potential buyers and financing considerations can change.

πŸ’° Your net sale proceeds β€” After the outstanding loan, CPF refund and selling costs, how much do you actually unlock?

🏑 Your next move β€” Are you upgrading, right-sizing, or simply looking to preserve your housing value?

πŸ™οΈ Estate potential β€” Location, amenities, connectivity and future rejuvenation can matter more than age alone.

For owners who want to remain in their home, alternatives such as the Lease Buyback Scheme may also be relevant, subject to eligibility. HDB's LBS allows eligible seniors to sell part of their lease to HDB while continuing to live in the flat.

πŸ”— https://propertynet.sg/vers-vs-selling-now-60-year-old-hdb-flats-2026/

πŸ“Œ VERS should be treated as optionality, not a guaranteed jackpot.

If your flat is already 60 years old, the better question isn't simply "Will VERS happen?"

It's "What gives me the strongest overall outcome based on my flat's value, remaining lease and my next property move?"
ST 27/8/2026 - S’pore factory output expands in July, driven by precision engineering
ST 27/8/2026 - AI will drive S’pore’s economic growth, but may not fuel job creation as before: Tan See Leng
BT 27/8/2026 - Singapore’s asset management push faces next test as industry seeks speed, clarity
BT 27/8/2026 - Factory output growth eases to 6.8% in July
BT 27/8/2026 - Singapore’s new data centres have green energy hurdles
πŸ‘πŸ’° Retiring doesn’t always mean moving to a smaller home just to β€œsave money”.

Sometimes, right-sizing is about unlocking the equity tied up in your current property and making it work harder for your next stage of life.

One retiree couple in District 15 sold their older 1,600 sqft condo for $2.68M and bought a smaller 780 sqft 2-bedroom unit for around $1.68M.

After factoring in the costs of the move, they unlocked approximately $900,000 in cash and CPF savings.

But the $1M price difference wasn't the real amount they walked away with.

They still had to consider:

πŸ’° Buyer's Stamp Duty on the replacement property
βš–οΈ Legal and transaction costs
🏦 Existing loan and other financial commitments
πŸ“Š CPF considerations
🏠 Temporary accommodation during the transition

Timing also mattered.

By selling first before buying the replacement home, they avoided the potential ABSD exposure that can arise when purchasing another residential property while still owning one. Current ABSD liability depends on the buyer's profile and number of residential properties owned at the point of purchase.

πŸ”— https://propertynet.sg/retiree-couple-right-size-d15-condo-freed-900k-2026/

πŸ“Œ Right-sizing isn't about buying the cheapest possible home.

It's about asking: How much equity can I realistically unlock after all costs, and will that give me a better lifestyle and stronger financial position for the years ahead?
πŸ™πŸ“Š Want rental yield from a prime district condo? Bigger isn’t always better.

A 2026 comparison of Singapore’s prime district condo market highlights a key trend: smaller units can sometimes deliver stronger rental returns than larger, more expensive homes.

Why?

🏑 Lower entry price can improve the rent-to-price ratio
πŸ‘€ 1-bedroom units often appeal to a broader pool of professionals and expat tenants
πŸ’° Once the purchase price climbs beyond a certain level, rents may not increase at the same pace
πŸ“‰ Luxury properties can generate impressive monthly rents but still produce weaker percentage yields

The key takeaway for investors:

Don’t confuse high rent with high yield.

A $12,000 monthly rental may sound attractive, but if the property costs $5M or $6M, the actual return on capital could be significantly lower than a smaller unit with a stronger rent-to-price ratio.

For example, current Singapore rental-yield data continues to show that 1-bedroom units often outperform larger formats on yield, while prime locations can command strong rents but may come with higher acquisition prices that compress returns.

Before buying for investment, compare:

πŸ“Š Gross and net rental yield
πŸ’° Total purchase price and acquisition costs
🏦 Financing and holding costs
🏠 Vacancy risk
πŸ‘₯ Tenant demand for that specific unit type
πŸ“ˆ Your expected exit strategy

πŸ”— https://propertynet.sg/prime-district-condo-rental-yield-ranking-2026-one-bedders-win-returns-collapse-above-5-million/

πŸ“Œ The highest rent doesn't always produce the best investment return. Sometimes, the smarter investment is the property where every dollar of capital works harder.
ST 28/8/2026 - β€˜En bloc’ reforms may spark more deals, but not a repeat of 2018’s boom cycle
ST 28/8/2026 - Promenade Peak condo to replace substandard concrete transfer slab
ST 28/8/2026 - Business closures in Singapore up 13% but openings still outpace them
ST 28/8/2026 - Orchard Road’s real problem? It forgot how to host a good weekend afternoon