SG Property News | April 24 2025
Singapore property news roundup for Thursday, April 24, 2025. Headlines link to the original publishers.
Komoco chief’s Old Holland Road Good Class Bungalow draws bids; sells privately after auction
Edgeprop
A Good Class Bungalow (GCB) along Old Holland Road took centre stage at SRI’s property auction on April 23, drawing more than 20 attendees. The auction began in the afternoon with an opening price of $36 million ($1,555 psf). A counteroffer of $33 million ($1,426 psf) was quickly made and accepted by SRI’s managing partner of auction, Mok Sze Sze. Bidding gained momentum, rising to $34 million, then $34.5 million, eventually reaching $35 million.
CDL to divest assets worth at least $600 mil to lower ‘very high’ gearing: CEO Sherman Kwek
Edgeprop
At least $600 million worth of assets will be divested in FY2025, says City Developments Limited (CDL) group CEO Sherman Kwek at the group’s annual general meeting (AGM) on April 23. According to Kwek, the group really needs to accelerate its divestments due to its “very high” gearing. As at FY2024 ended Dec 31, 2024, CDL’s net gearing stood at 117%, while its net gearing, including fair value on investment properties, stood at 69%. In FY2023, both figures stood at 103% and 61% respectively.
ERA unveils initiatives to boost agent headcount, reduce agents’ business costs
EdgeProp.sg
Singapore IPOs flatline in Q1 amid global investor caution: report
Singapore Business Review
These Are The Cheapest 2 And 3-Bedder Condo Units Within 1km Of Popular Primary Schools (Part 1)
Stacked Homes
We’re familiar with the tagline about all schools being good schools. But it’s also a reality that some schools are more popular, and some parents will move just to ensure their child gets placed there. That’s quite the call to…
Singapore property price growth expected to slow as market faces next big test: DBS
EdgeProp.sg
6 Must-Know Property Shifts Reshaping Singapore’s Market In 2025
Stacked Homes
Guocoland signs $51.4m JV with Hong Leong
Singapore Business Review
Dispute over CDL directors’ appointment casts shadow over property group at its AGM
The Straits Times
The Worst Property I Ever Bought (And Why We’re Launching Paid Property Content)
Stacked Homes
The first property I bought was a disaster. This was during the 2008–2013 boom, when most investors were raking in gains. But I fell for bad advice and peer pressure to buy a condo too early. The data was cherry-picked,…
Why More Singaporean Homeowners Are Renting Out Their Homes (Even When They Could Sell For A Profit)
Stacked Homes
The blunt truth is, most Singaporeans are not enticed by the idea of renting out their home. Some are intentional, dedicated landlords for sure – but for the majority, the thought of chasing rental income, dealing with tenants, having strangers…