Amongst the properties sold, a two-storey semi-detached home at 14 Lorong Kismis attracted 14 bids and was sold for $1.32 million, which is up 20% from its $1.1 million opening price.
The Council for Estate Agencies (CEA) has also warned real estate agents against using “inaccurate, false and misleading claims” to pressure HDB owners into selling their flats for the sake of earning more commission.
PropNex's profit after tax and minority interest (PATMI) increased to $6.76 million during the third quarter of 2020 from $6.11 million over the same period last year.
The government cautions Singaporeans from the lure of cheap mortgages, and to remain prudent "given the labour market uncertainties in the current economic situation".
ERA APAC Centre's Transformation Ceremony on 11 November, attended by Minister Demond Lee, unveiled digital initiatives aimed at making property transactions efficient and seamless.
Social disamenities relating to noises, cigarette smoke and foul smells increased from 600 cases per month between January to March, to 2,100 cases per month from April to July.
Only owner-occupied residential properties enjoy concessionary property tax rates. Properties which are rented out or vacant do not enjoy this concession, says Deputy Prime Minister Heng Swee Keat.