Property News
Hongkong Land expects office rental decline to end next year
The company expects to see rental growth in its Landmark mall in Hong Kong, where the firm is carrying out upgrades
Hong Kong home prices extend gains to 13th month in June, pace slows
Prices climb 7.9% in the first half of 2026 to their highest since September 2023
Australia’s sudden housing chill seeps into the economy
Rate hikes and tax break reversal undermine home prices; there is a sea change in mood among buyers and sellers alike
Residential en bloc sales get nudge with extended ABSD deadline, but pricing still a big hurdle
Property players say move is a ‘long time coming’ though it may not necessarily translate to more sites being sold
Little India conservation cluster bags 7 bids, topped by YK Land’s S$35.3 million offer at S$962 psf
The 18 pre-war terrace houses at Chitty Road and Veerasamy Road are meant for adaptive reuse
Mobility wins, more buzz in million-dollar HDB market with lifting of 15-month wait-out period
Without the need to wait 15 months, more owners may trade private homes for premier HDB resale units
Mapletree launches first China onshore logistics fund with US$221-million AUM
The fund, managed by China Life Capital, has a portfolio of five stabilised logistics assets
Knight Frank Singapore CEO Galven Tan resigns after 2.5 years at helm
Deputy CEO Low Kin Hon named interim chief
Stricter rules for property agents to raise standards, reduce fake listings, clarify commissions
These include minimum deal requirements for agents, longer licence and registration validity and collection of commission data
15-month wait-out curb lifted for private property owners buying HDB resale flats
The government will lift a 15-month wait-out period imposed on private property owners looking to buy an HDB flat in the resale...
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
The 15-month wait-out in the HDB resale market for private property owners is also lifted, as the market has cooled
Mortgagee-sale listings hit six-year high in H1 2026 as financing conditions tighten
Analysts expect auction activity to stay resilient in H2, particularly in the residential and industrial segments
Knight Frank winds down real estate agency unit, agents to move to OrangeTee & Tie
Firms sign agreement for OrangeTee & Tie to take on KF Property Network’s 97 agents if they choose to switch, in the...
Mind the gap opening up as HDB resale market slows while million-dollar sales spike
Watch out for inequality and negative wealth effects as prices moderate broadly, but the premier segment strengthens
London’s billionaire home sales thrive as millionaire deals lag
The split speaks to the British capital’s enduring place in the property portfolios of the uber rich
Investors home in on Singapore co-living, Hong Kong student housing in Apac’s US$13.8 billion living boom
Institutions are hunting in new markets beyond Japan and Australia where strong demand has driven up pricing, compressed yields
One Raffles Quay floated as possible divestment for Suntec Reit
Manager says current asset recycling efforts remain focused on Australia assets and Suntec office strata units
US mortgage rates rise, extending gains for third straight week
The property market is facing pressure from the recent flareup in hostilities with Iran
Private residential rents rise 0.7% in Q2 as home prices inch up 0.5%: URA
Rents rise the most for landed homes, while prime area condos outpace other regions and suburban rents ease
Singapore prime offices shine as URA rent index rises 0.8% in Q2
Islandwide vacancy rate inches up to 11%; this is seen as the result of a time lag in tenants moving into newly...
Singapore retail rents rise 0.6% in Q2 as vacancy rate creeps up: URA
Higher operating costs and asset enhancement works could keep rents on an upward trend, say some analysts
Manchester’s booming property market sets sights on a Burnham boost
Homeowners and property investors are hoping for further price rises in what is already one of the UK’s in-demand spots
Hong Kong rents on pace for biggest summer gain since 2016
Demand from expats and mainland Chinese is set to support hikes, property agencies say
Singapore industrial rents inch up 0.5% in Q2 amid macro uncertainty: JTC
The overall occupancy rate rises 0.2 percentage point from the previous quarter
HDB rejects owner’s appeal to keep unusual koi pond
TOH TING WEI
Apr 10, 2019 06:00 am
A Housing Board flat owner who had converted the doorstep of his property into a fish tank for his koi carp has failed in his appeal to keep the unusual structure.
The Tampines Street 41 resident installed glass panels to the walls around the four steps leading to his ground-floor unit to house about 10 fish, but was unaware that he needed permission to make the alteration.
HDB had said in January that the man could not keep the tank because of safety concerns.
But he lodged an appeal, after working with Tampines Town Council on measures to address issues raised by the housing board.
HDB said yesterday that it had rejected the appeal.
In response to queries from The Straits Times, a spokesman said: "Aside from the safety concerns that were earlier highlighted, there is a more fundamental reason to turn down the request to retain the koi tank.

"The stairway area outside the unit is common property... Any fixed installations by flat owners have to be confined within the premises of their unit, and not placed on common property."
The owner has also acknowledged that the stairway is common property, the spokesman added.
Under the town council's by-laws, it is an offence to have unauthorised fixtures on common property.
The flat's residents also own the adjacent unit, through which they enter the flat with the blocked doorstep.
The owner, who only wanted to be known as Mr Tan, was saddened by the decision.
He said he will have to remove the tank soon, but there is no deadline yet on when to do so.
Mr Tan added: "I think there will be no more appeals, it is a waste of time to me."
He said he had submitted two appeals to the HDB, both of which were unsuccessful.
He had also appealed to the Ministry of National Development (MND) last week.
Mr Tan said MND had suggested that a community pool or tank, where his fish could be moved to, could be built in the area.
Of the proposal, Mr Tan said: "It's not just about digging two holes. You need to think about what is the attraction there and what is really useful for the community.
"Hopefully something good will come out of it. I am a bit tired of this."
His wife said: "We are not creating an eyesore or disturbance... if everybody keeps everything to the house, there will be no soul in the neighbourhood."