Archive | March 20, 2012

URA cracks down on misuse of factory units

THE Government has wasted no time in tackling a thorny problem that had sprung up over the wrong type of tenants using factory space to get cheap rent. The prompt action seems to have been set in train by a no-nonsense blog post by National Development Minister Khaw Boon Wan last week. He suggested that […]

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Rent rises beat capital growth in major cities

RENTAL values are rising faster than underlying house prices in many of the world’s leading cities such as Paris and Hong Kong. An average rental growth of 2.3 per cent from June to December last year, as compared with just 1 per cent growth in capital values. Paris overtook London as the most expensive rental market, […]

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Shoe-box factories and unlawful tenants

THE shoe-box factory has caught the national development minister’s attention, and it’s not all good. Writing in his blog, Khaw Boon Wan said that shoe-box apartments serve a purpose as many singles do find them adequate for their housing needs. ‘But shoe-box factories? As small as 50-80 sqm (smaller than a typical 7-Eleven shop)? Can a factory […]

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Resale market takes a dive after cooling measures

SALES of new homes might be defying gravity and shattering records, but the story is vastly different for home resales. Experts say both the resale of finished homes, and the quick resale – or subsale – of homes bought but not built yet, to earn easy profits, have taken a dive. They feel last December’s property cooling measures played […]

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Tampines EC plot is choicest of the lot

An executive condo plot next to the Tampines Trilliant project has been tipped by property consultants as the choicest among four residential plots released under the Government Land Sales Programme yesterday. The four plots, including a reserve list site that will be made available for application later this month, can potentially generate an estimated 2,415 […]

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‘Cooling’ back in frame as Feb home sales rise

It seems the government’s property cooling measures have lost their ‘cool factor’, as February marked the highest number of units sold by developers in a month since July 2009. Urban Redevelopment Authority (URA) figures reflected a total of 2,413 private homes – excluding executive condominiums (ECs) – being sold in the month of February. This […]

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More choice for Sers flat owners

THE Government has given a boost to Housing Board homeowners affected by en bloc redevelopment of their estates. They will now be given priority in the selection of any Build-To-Order (BTO) flat across the island, instead of just the replacement flats allocated to them near their current homes. They will also receive concessions which could […]

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warren buffet

Big property deals now in cold storage

Investment sales of property so far this quarter have plunged to their lowest levels in two years – to about $3.4 billion as at March 12, although the final figure for Q1 could rise to around $3.8 billion. The tally as at March 12 reflects declines of about 57 per cent from $7.7 billion for […]

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Lots to pick from for home buyers

Home buyers will be so spoilt for choice this year that most won’t know where to turn – or which developer’s sweetener to take up. The launches and freebies are already coming thick and fast with loads of new projects lined up. The news is less certain for pricing but few experts expect huge bargains on the horizon. While some say […]

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Developers’ bids signal likely dip in home prices

DEVELOPERS here are becoming more cautious with how much money they are willing to pay for private home sites. They seem to be getting more worried that private home prices could fall, perhaps by up to 8 per cent this year, according to a new research report. So they have to factor the potentially lower […]

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