Here’s our summary of the important residential, commercial and industrial news this week. We hope this helps you to save time catching up on the news!

Residential News

Prices for non-landed luxury houses remain stable
Property firm Savills Singapore mentioned that the prices for non-landed luxury houses remain stable. The difference in the average price of non-landed high-end private houses in Q1 2011 and Q4 2010 remains small; there was only a 0.5% increase from $2,258 psf in Q4 2010 to $2,269 psf Q1 2011. The current prices, which stand just 5.9% and 7.2% below the peak points for high-end and super luxury properties respectively, come close to those during the peak in Q4 2007. Similarly, the growth in the average monthly rent of non-landed luxury houses remained slow at a mere 0.7% quarter-on-quarter.

Developers’ land banks expected to grow thanks to GLS
Developers have been ...