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EFE 2018



2017 developers' sales hit 4-year high; momentum expected to continue

Singapore REFLECTING the upbeat sentiment in the property market, developers' sales of private homes and executive condominiums (ECs) were the highest in four years in 2017. This momentum is expected to gain traction this year, given a healthy pipeline of new property launches. Based on preliminary estimates, developers sold 14,707 units, 23 per cent higher than the 11,971 units sold in 2016. The 14,707 figure included 10,682 private residential... ...more

Public works, en bloc projects to fuel 2018 building demand

Singapore THE BUILDING and Construction Authority (BCA) on Thursday projected that S$26 billion to S$31 billion in construction contracts could be awarded in 2018, up from the S$24.5 billion estimated to have been awarded in 2017. The projected higher construction demand is due to an anticipated increase in public sector work, which is expected to grow from S$15.5 billion in 2017 to between S$16 billion and S$19 billion this year. Public works... ...more

BCA forecasts pickup in construction sector

Public building projects are set to give the lacklustre construction sector a much-needed boost this year, even as industry players continue to voice concerns about the state of the market. Preliminary estimates from the Building and Construction Authority (BCA) yesterday painted a mixed picture for the sector. On the one hand, the authority is projecting the total value of contracts awarded this year at between $26 billion and $31 billion - a... ...more

More use of pre-fab, digital tech to boost building productivity

Singapore ANOTHER 59 design for manufacture and assembly (DFMA) projects could be tendered out by property developers and government agencies in 2018, Second Minister for National Development Desmond Lee said on Thursday. That outlook was given as the Built Environment cluster sub-committee of the Future Economy Council proposed using DFMA and digital technologies to boost productivity in the construction and facilities management industries.... ...more

Singapore tops Asean for 2018 property market growth forecasts

Singapore SINGAPORE'S property market came in as the most promising one among Morgan Stanley Research's rankings of Asean markets which include the Philippines, Thailand and Indonesia. So bullish is the research house on the Singapore market that it actually expects home prices to rise 8 per cent this year and again in 2019, as rising buyer demand outweighs a tight supply of unsold inventory. It also expects new home sales growth to accelerate... ...more

MAS puts more scrutiny on bank loans for property development

Singapore A SPATE of aggressive land deals by developers last year has prompted the Singapore central bank to take a closer look at the way banks are financing development projects. The Business Times understands that the Monetary Authority of Singapore (MAS) is collecting more data from banks through a new survey sent out to them last month. Some of the information sought by the MAS includes the size of banks' exposures and details of the... ...more

City Towers, Sixth Avenue Centre and Kovan Apts join en bloc wagon

Singapore THE en bloc fervour shows no sign of abating. Residential and commercial owners continue to be upbeat about the prospects of collective sales as Wednesday saw the announcement of three more projects being marketed en bloc. The first is freehold development City Towers at 317-325Q Bukit Timah Road, which will be launched for collective sale for S$355 million by tender on Thursday. The owners' reserve price of S$355 million includes a... ...more

Low Keng Huat to launch 2 freehold landed projects

Singapore SINGAPORE-LISTED property developer Low Keng Huat will launch two freehold landed projects in the landed residence enclave of Lorong Kismis and Eng Kong Park off Upper Bukit Timah Road this Friday. One is Kismis Residences, a 31-unit freehold landed development; the other is the adjacent seven-unit freehold strata landed development, Tranquilia@Kismis. The latter will be launched by Low Keng Huat's joint venture with Wenul Development.... ...more