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Proportion of delayed BTO projects down from 90% to 40%, HDB to clear backlog in two years
Latest News From The Business Times

Proportion of delayed BTO projects down from 90% to 40%, HDB to clear backlog in two years

Jan 28, 2023
ABOUT 40 per cent of ongoing Build-To-Order (BTO) projects are delayed owing to the Covid-19 pandemic, and the Housing and Development Board (HDB) said it expects to clear the backlog in about two years.
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Half of Britons struggle with soaring cost of running households

Jan 28, 2023
ALMOST half of people in Britain are struggling with a surge in the cost of running their household after inflation hit a four-decade high, a think tank warned.
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US pending home sales post first gain in seven months in December

Jan 27, 2023
CONTRACTS to buy US previously owned homes increased for the first time in seven months in December as mortgage rates declined, another hopeful sign that the embattled housing market was starting to stabilise.
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European mortgages tumble 70% to lowest since Covid on rate jump

Jan 27, 2023
EUROPE is facing a rapid contraction of mortgage lending as a jump in interest rates cause financing costs to surge, all but wiping out demand.
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Housing market has slowed, government to monitor prices and borrowing: DPM Heng

Jan 27, 2023
THE pace of property price increases in the last quarter has slowed and sales volume is down after fresh cooling measures kicked in last year, but the government will continue to watch prices and borrowing, said Deputy Prime Minister Heng Swee Keat.
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Londoners are selling homes on WhatsApp in booming private sales market

Jan 27, 2023
A RECORD share of Londoners are shunning property portals and opting to sell their homes on their own terms – which are increasingly negotiated over WhatsApp.
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Hong Kong home prices drop 15.6% in 2022, snap 13 years of gain

Jan 27, 2023
PRIVATE home prices in Hong Kong, one of the most unaffordable territories in the world, fell 15.6 per cent in 2022 in the first annual drop since 2008, official data showed on Friday.
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Irish real estate returns drop amid higher interest rates

Jan 27, 2023
THE returns on Irish real estate assets slumped 4 per cent in the final three months of 2022, the latest sign of a sharp downturn in the sector, an MSCI index showed.
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Amazon to sell Bay Area office complex as sales growth cools

Jan 27, 2023
AMAZON.COM is selling a vacant Bay Area office complex purchased about 16 months ago, the company’s latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.
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HDB resale price growth slows to 10.4% for 2022 as prices flatten, sales fall in Q4

Jan 27, 2023
THE red-hot housing market may finally be showing signs of cooling, say analysts, with resale prices of public housing flats flattening out and sales volume falling in the fourth quarter of 2022. 
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Retail sector in better shape than a year ago, say market watchers

Jan 27, 2023
OFFICIAL data shows a bigger drop in Singapore retail rents in the fourth quarter of last year than in the preceding quarter, but market observers say that although landlords are collecting less rent, the retail sector is in a much better place than it was a year ago.
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Private home prices up 0.4% in Q4 for full-year gain of 8.6%, but future increases expected to slow

Jan 27, 2023
IN THE face of a looming global recession, a fresh round of cooling measures, a high-interest-rate environment and lack of launches, private home prices in Singapore inched up 0.4 per cent in the fourth quarter of 2022.
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