Tag Archives: latest news on property market
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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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URA

‘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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HDB

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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discounts

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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construction

Landbanks ‘healthy’ despite strong sales

THE bumper supply ramp-up of new land sites has allowed developers to keep their landbanks stocked up in the face of roaring home sales. Most big-gun builders have thousands of units in their landbanks. A landbank comprises unsold units – including executive condominiums – from projects with planning approval and estimated units from sites that […]

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Construction firm KTC launches maiden project

CONSTRUCTION company KTC Group has made a foray into the property development business with its first project, Summer Scent, located at the junction of Hougang Avenue 2 and Upper Serangoon Road. The freehold project, developed by KDC (Kovan) Development, comprises 16 units, of which six have been sold. KDC Development’s director, Chua Lai Seng, is […]

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Latest Updates on Twin Waterfalls!

As 07 Mar 12, 460 units of 728 units are sold! Find out why 182 units of Twin Waterfalls set aside by developer Frasers Centrepoint for second-timers were snapped up in two hours! Click here. To know more about Twin Waterfalls / Site Plan of Twin Waterfalls, click here! Pls note that I am only […]

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Top bid for Hillview Ave site beats expectations

An ‘overly optimistic’ top bid, a whopping 18.6 per cent higher than the next, was put forth by Kingsford Development for a 99-year residential site located along Hillview Avenue yesterday. Its bid of $243.2 million or $638 per square foot per plot ratio (psf ppr) for the 136,147 sq ft plot with a plot ratio […]

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Second-time buyers get a better shot at EC units

Last Friday news that second-time buyers of public housing units would be given more chances to purchase executive condominium (EC) units; the previous 5 per cent limit increased to 30 per cent of units in ECs will now be set aside for this class of house hunters. ECs are sold by private developers with condominium-like […]

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Help for HDB ‘second-timers’ to buy flats

AFTER easing the demand crunch among first-time Housing Board (HDB) flat applicants, the Government will now help ‘second-timers’ – a group that includes a large proportion of HDB upgraders. It will change the rules to significantly boost their chances of successfully balloting for a new Build-to-Order (BTO) flat or executive condominium (EC) unit. Announcing this […]

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More incentives to live with or near parents

STRESSING the importance of family ties as the bedrock of a strong society, the Government yesterday rolled out two new initiatives to encourage married children to live with their parents or near them in housing estates. The first is to strengthen the Married Child Priority Scheme (MCPS) to give higher ballot chances to married children […]

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HDB

Idea for Flats with Shorter Leases May Not Fly

(I think this is a bad idea. Read on…) Straits Times 02 Mar 12 Summary: A MP has proposed that the Government sell new flats with shorter leases, as that would mean cheaper flats which would be a boon for young couples. (Sometimes, I look at a young couple, and I wonder if their expectations are […]

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kweklengbeng

CDL has faith in luxury property sector

(Another interesting headline. The reporter used the word “faith”, as if implying that CDL is not basing their optimism on facts.) Straits Times – 01 Mar 12 Summary: The subdued sentiment has forced CDL to halt marketing its premium project The Residences at W Singapore Sentosa Cove. (Forced? Developers are never forced to stop marketing […]

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money

Getting a home loan? Get reality check first

This is a very interesting headline. Read on to find out why. Straits Times today (01 Mar 12) Summary: Monetary Authority of S’pore (MAS) has mandated that from today, banks will have to provide potential borrowers with a fact sheet when discussing on credit facility. Objective: to help potential customers work through the nuts and […]

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turfcity

Turf City’s New landlord plans to revive mall

ST – 01 Mar 12 Summary: Cogent Land Capital has taken over the former Bukit Timah Turf Club site from Singapore Agro Agricultural (SAA). Tenants like Giant hypermarket, Ah Yat Seafood Restaurant and Art Boot Camp are still operating there. Renovation work will start next week. Revamped Turf City mall will have a range of […]

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construction

Development charges dip for non-landed residential use

Straits Times – 01 Mar 12 Summary: Charges that developers pay to enhance the use of a plot of land have finally been reduced or left flat for some sectors, as the slowing property market takes its toll (I think it’s more for the luxury prime areas, rather than the rest of Singapore.) The new […]

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Sentosa

Sentosa Cove Bungalow fetches Record $39 M

Business Times – 01 Mar 12 Summary: A sea fronting bungalow at Cove Drive has changed hands at $39 million, a record absolute price for a bungalow in upscale waterfront residential district of Sentosa Cove – $2,448psf on land area of 15,929sqft. Surpasses the previous high of $36 million for a bungalow on Paradise Island that was transacted in […]

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Condominium Review: Centro Residences

About this development: Tenure: 99 yr leasehold Developer: Far East Site Area: approximately 69,000sqft Location: Ang Mo Kio Ave 8 – just beside Ang Mo Kio Hub No. of levels: 34 storeys, with 2 towers No. of Units: 329 Pros: Excellent location – just next to Ang Mo Kio Hub (NTUC and many restaurants are […]

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Bedok Residences is the latest HOT property in Singapore!

Do you know: On the first day of the launch, more than 350 units of the 450 units were sold?   98.1% of 1 bedroom + study were sold within the first day (only 2 units were left!)   The BEST among all 2 bedroom units were all sold!   Even The BEST among all […]

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HOUSING STRESS: PM struggles to find a rental property – News.com.au 28 Oct 11

Prime Minister Julia Gillard and her partner Tim Mathieson need to find an alternative to the Lodge. PM wants a rental property while the Lodge is being renovated Security demands making the choice more difficult One in ten Aussies in housing stress PRIME Minister Julia Gillard is experiencing Australia’s housing crisis first hand in her […]

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Housing sector ‘making a comeback’ – AAP 02 Nov 11

THE housing sector is set to make a comeback, getting a further boost from yesterday’s interest rate cut, economists say. Australian residential building approvals fell 13.6 per cent to in September, seasonally adjusted, the Australian Bureau of Statistics (ABS) said on Wednesday. Economists’ forecasts had centred on a five per cent fall in approvals in […]

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Building approvals fall 13.6 per cent – News.com.au, 02 Nov 11

AUSTRALIAN residential building approvals fell 13.6 per cent to 11,889 units in September, seasonally adjusted. This compares to a downwardly revised 13,758 units in August. In the year to September, building approvals were down 12 per cent, the Australian Bureau of Statistics (ABS) said on Wednesday. Economists’ forecasts had centred on a five per cent […]

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S’pore, US among top destinations for rich Chinese migrants – The Straits Times 4 Nov 11

About 60 percent of the rich Chinese people, each of whom has a net asset of at least 60 million yuan (S$12.12 million), said they intended to migrate from China, a report has found. About 14 per cent of them have either already migrated from China or have applied for migration. The three most favoured […]

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Green Lodge put up for collective sale, EOI at Oxley – Business Times 3 Nov 11

Green Lodge, a freehold development located on Toh Tuck Road, has been put up for collective sale. Separately, an Expression of Interest (EOI) exercise was launched yesterday for 71 and 73 Oxley Rise, a freehold site zoned for ‘commercial and residential’ use. The Green Lodge site has an asking price that is above $195 million, […]

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Punggol residential site draws top bid from Chinese firm – TODAY 4 Nov 11

A 99-YEAR-LEASEHOLD residential site at Punggol Central/Edgedale Plains drew a top bid of $215.87 million yesterday, or $330 per square foot per plot ratio (psf ppr). Chinese firm Qingjian Realty (South Pacific) Group trumped four other developers to put in the top bid for the site, which measures 218,034.6 sq ft and has a maximum […]

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Suites @ Newton is FOR SALE!!!

Suites @ Newton is now available at SPECIAL PREVIEW PRICES! 1-Bedroom only from $1,041,427! 2-Bedroom only from $1,224,853! Do not to miss such attractive quantum for a Prime D11 property!!! Prestigious Freehold Development @ D11 1 Surrey Road By Teambuild Land   ~~~Newest Launch!~~~ ~~~Worth Considering!~~~ Reasonable Quantum!  Project Information Location:  District 11! 1 Surrey Road Singapore […]

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MF Global Singapore to be wound down – The Straits Times, 2 Nov 11

 Anxious investors swarm Singapore office Summary: The Singapore operations of a Wall Street brokerage that has collapsed as a result of the European debt crisis are to be wound down. Accountancy giant KPMG has been appointed as the provisional liquidator to oversee the process, the firm MF Global Singapore said last night. Its parent, MF Global, filed […]

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Home Sales Unlikely to beat last year’s high – The Straits Times, 1 Nov 11

Summary Strong economy first 9 months but global economic uncertainty to take toll Sales of new private homes may come close to last year’s record high, but they are unlikely to surpass the figure with global economic uncertainty affecting demand, experts say. Homes sales for the first 9 months of this year came in at […]

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Laguna Park, Henry Park Apartments up for collective sale – Channel News Asia 31 Oct 11

Laguna Park at Marine Parade Road is up for collective sale with a reserve price of S$1.25 billion. Together with Henry Park Apartments, which is also up for collective sale at between S$170 million and S$180 million, the total value of properties that have come up for sale in October has hit close to S$5 […]

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Buffet of New Homes – The Straits Times, 31 Oct 11

Summary A large supply of mass-market homes is set to enter the market by the end of this year. These 99-year leasehold projects are mostly from the flood of suburban state land released by the government over the last year as it attempted to cool robust home-buying demand from first-timers and upgraders. At least 5 […]

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HDB resale flat prices up 3.8% – Channel NewsAsia, 28 October 2011

Summary: HDB Resale Prices has increased by 3.8% as compared to the previous quarter Resale transactions fell by 10% from 6,581 cases in the second quarter to 5,903 cases in the third quarter. Overall increase from Q3 2011 is 11.6%, which is an all-time high, i.e. HDB resale prices has been increasing at an average […]

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Have Property, May Not Profit – Sunday Times, 16 Oct 11, Invest Section, Page 37

Last Sunday, there was an interesting article about investing in property market in Singapore: Have property, may not profit – Sunday Times, 16 Oct 11, Invest Section, Page 37 In this article, the author, Mr Goh mentioned that he had met up with some old friends who are property investors, and they were musing about their […]

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Summary of URA’s New Regulations on Singapore Property Market

The recent measures on 14 Jan 2011 imposed by the Singapore government had taken to ensure that the property market is sustainable has been pretty drastic.  Check out the new regulations here.   A Summary of URA’s regulations: 1. Holding Period for Seller’s Stamp Duties from 3 years to 4 years 2. Seller’s Stamp Duties imposed […]

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