SG Property News | February 28 2025

Singapore property news roundup for Friday, February 28, 2025. Headlines link to the original publishers.

Chairman of Singapore’s Largest Listed Property Development Sues Own Son Alleging Corporate Coup

Law.com International

Are ECs still a good buy?

Edgeprop

Retiree Mr Chong provided some support for his three sons when they were setting up their homes. His eldest son purchased a private condo, while his two younger sons purchased executive condos (ECs). “If you’re buying an EC at a new launch, it’s a no-brainer,” he says. “Even if you buy shortly after the five-year MOP [minimum occupation period], it’s still a good entry price.”Chong has experienced both scenarios.

Hotel Properties Limited’s FY2024 earnings decline by 95.1% y-o-y to $27.2 mil on lower net fair value gain

EdgeProp Singapore

Peter Kwee registered properties in daughter’s name to avoid estate duty: lawyers

Singapore Law Watch

UEM Sunrise, GuocoLand sign first JS-SEZ MOU to develop freehold landbank in Iskandar Puteri, Johor

Edgeprop

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have signed the first Johor-Singapore Special Economic Zone (JS-SEZ) MOU between Malaysia and Singapore private companies, according to a Feb 27 release. Under the MOU, the groups will jointly develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor, to accelerate growth within the JS-SEZ.

8 Must-Know Factors For Finding The Best 2-Bedroom Layout In Singapore

Stacked

Are Condos Further From MRT Stations Underperforming? The Data Tells a Different Story

Stacked Homes

We’ve come a long way in the past two decades, and so has the Singapore transport system. There are more MRT stations and train lines now; and that in turn would have affected some condos. In the past, it was…

CDL board fight cools with undertaking from two new IDs

EdgeProp Singapore

Closer look at key figures in CDL’s family business empire of Singapore’s 4th richest billionaire Kwek Leng Beng

VnExpress International

8 Key Things To Note When Right-Sizing From A Condo To An HDB In 2025

Stacked Homes

Whether you planned the move from the beginning, or your finances have changed, it’s time for you to switch back down to an HDB flat. This doesn’t just involve lifestyle changes: it may also mean regulatory hurdles like the waiting…

Have Condo Layouts In Singapore Gotten Better Or Worse Over Time?

Stacked Homes

The land-sales cycle refers to Government Land Sales (GLS), where residential land is sold to private developers. This creates some loosely defined “cycles” with similar characteristics: that is, “batches” of condos that were built on GLS land released in certain…

Edgeprop

The two statements issued by City Development’s (CDL) executive chairman Kwek Leng Beng “do not present the full picture”, says his son Sherman Kwek. The elder Kwek issued statements on Feb 26, first accusing his son, Philip Lee, Wong Ai Ai and a group of directors acting with them of trying to consolidate control of CDL’s board and the group. More poignantly, Leng Beng said that “as a father, firing my son was certainly not an easy decision”.

Is it a Good Deal? : $440,000 for a three-room flat near Bugis MRT Station

Edgeprop

A three-room flat at 271 Queen Street was sold for $440,000 ($681 psf) earlier this month. The 646-sq ft flat is located on the eighth storey and has a remaining lease of approximately 53 years. We used our analytics tool, Is it a Good Deal?, to examine the transaction and determine whether the buyer of this three-room flat secured a bargain. In the heart of BugisResidents of 271 Queen Street can enjoy the convenience of living in the heart of bustling Bugis (see Map 1).

Sim Lian’s Aurelle of Tampines to set new price benchmark for executive condos

Edgeprop

Executive condo (EC) Aurelle of Tampines drew over 9,000 visitors to the sales gallery over the four days from Feb 22 to 25, says Sim Lian Group executive director Kuik Sing Beng.