Tag Archives: singapore property market news

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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‘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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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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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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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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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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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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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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URA Released Real Estate Statistics for 3rd Quarter 2011

Check out my analysis of the data released! Please click on the picture below to enlarge the font size!

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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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According to Sunday Times on 9th Oct 2011, PM Lee said that Singapore’s housing market should stabilize in 4 years. What does it mean to you?

 What does stabilizing means? A stabilizing property market does not mean that the property prices will drop or remain constant. It just simply implies that property prices will climb at a steady, constant pace. What is driving the property market? One word can sum it all. FEAR. With reports on many foreigners coming into Singapore […]

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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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