More bookings for hotels near Padang for National Day, and other ...

For PropertyGuru’s real estate news roundup, we celebrate the 59th National Day of Singapore. Majulah Singapura!

Room bookings at some hotels surge ahead of Singapore’s National Day celebrations

Room bookings at some hotels close to the Padang – the venue for the National Day Parade for two years running – have risen more than 20 percent compared with last year, as Singapore’s 59th birthday approaches on Friday (9th August).

As per CNA’s report, the annual celebration has been a boost for Fairmont Singapore and Swissotel The Stamford. Guests there can get a bird’s eye view of the Padang – the location of this year’s NDP. With several days of NDP rehearsals and preview shows having been held over the past two months, both hotels have also capitalised on demand from locals and tourists by offering room packages with dining credits.

“From all our rooms with balconies, you can see the Padang and you can see the fireworks,” said Mr William Haandrikman, managing director of both Fairmont and Swissotel.

Luxury condo market activity nearly back to pre-cooling measures level: Huttons Asia

The luxury condo market saw an uptick in activity on the back of steady demand, according to research by Huttons Asia. In its latest Prestige Report that monitors the high-end residential market, the consultancy highlights that 57 luxury non-landed homes — which it defines as condo units located in the Core Central Region that are sized from 2,000 sq ft and priced at SGD5 million and above — were sold in 2Q2024, registering a quarter-on-quarter growth of 7.5 percent.

The homes were transacted at a total value of SGD482.5 million, some 26 percent higher than the SGD382.4 million logged in 1Q2024. Huttons attributes the higher sales to ultra-high-net-worth individuals (UHNWIs) gradually returning to the market. “Activity in the luxury non-landed homes market is almost back to the pre-cooling measures days,” says Huttons Asia’s CEO Mark Yip in Edgeprop.sg.

Securing a home loan in Singapore: Easy 5-step guide and how long it takes

Securing a new home loan in Singapore or refinancing an existing mortgage can be a complex process for homeowners. With the multiple steps in the mortgage loan process, differing paperwork required, and varying home loan packages on the market, it can be time-consuming and difficult to get a new home loan.

To help you, PropertyGuru Singapore put together this guide to take you step by step through the entire mortgage loan process. We will include the typical home loan processing time, from the initial mortgage application to the final approval.

As a bonus, we’ll show you how PropertyGuru Finance is a one-stop online portal where you can seamlessly and quickly secure your new home loan in 5 easy steps.

The Property Report editors wrote this article. For more information, email: [email protected].