Property News
US mortgage rates decline for first time in 9 weeks to 7.32%
However, borrowing costs remains close to their highest levels since November 2023
Knight Frank’s Tan Tee Khoon leaves firm, Nicholas Keong takes over auction business
Keong will continue to oversee the prime residential sales and leasing, and private office businesses
Take-up of new private homes dives 45% in Q3 as prices accelerate with 1.4% rise
Developers sell 1,183 new private homes in the quarter, while stock of completed private residential units is up
Office rents in Singapore’s central region rise 0.8% in Q3 over Q2, URA data shows
Islandwide vacancy falls to 10% as at end-Q3 from 11% as at end-Q2 on 72,000 sq m shrinkage in office stock
Easy to rent out, hard to sell: Are buyers losing interest in Singapore’s one-bedroom condos?
Lower entry prices and rental yields support demand, but exit prospects depend on location, layout and pricing
Evergrande liquidators plan first payout to creditors next year; less than 1% recovered
Many of Evergrande’s assets have been difficult to sell
AI-related demand powers prices, rents of Singapore industrial space in Q3
Around 300,000 sq m of new space can be completed in Q4, says JTC
FCT posts 2.6% higher H2 DPU to hit new full-year record payout
Revenue is up 8.7% at S$223 million for the half-year, from S$205.2 million before
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