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Pent-up demand expected for Seaside Residences in Siglap
Market watchers are anticipating strong pent-up demand for the upcoming condominium project at Siglap Link by Singapore-listed Frasers Centrepoint Limited by virtue of its location and palatable price quantums for the smaller units.
The launch, scheduled on April 22 after a two-week preview…Continue
Added by Geoffery Ho on April 12, 2017 at 12:54 — No Comments
Win-win scenario in HDB resale market
Housing and Development Board (HDB) flats house over 80 per cent of Singapore's population and, more often than not, are the first choice of housing for young families. A perennial question among this group of buyers has always been: Build-To-Order (BTO) flats versus resale flats, which is the better option?
While BTO flats are cheaper, they come with a longer…Continue
Added by Geoffery Ho on April 3, 2017 at 15:32 — No Comments
Easing cooling measures won't stop prices from falling: Fitch
Measures to cool Singapore's housing market are likely to be eased gradually over the coming years to support demand, Fitch Ratings said in a Wednesday report. Despite this, it believes that home prices will likely continue to fall because of the oversupply situation and rising interest rates in the market.
"The latest changes are…Continue
Added by Geoffery Ho on April 3, 2017 at 15:25 — No Comments
Singapore property market finally sees slight easing - and a new stamp duty
Singapore announced on Friday targeted tweaks to property market measures and a new stamp duty - moves that observers said are in response to recent developments in the property market and the wider economy.
The release by government agencies said that Singapore will lower the seller's stamp duty (SSD) by four percentage…Continue
Added by Geoffery Ho on April 3, 2017 at 15:19 — No Comments
Property market perking up, but rents are down. To buy or not to buy?
Owning an investment property and collecting good rental income is one version of the Singapore Dream wafting through show-flats everywhere.
Real estate investment - once considered a no-brainer as prices kept going north - has become more complicated in recent years, with changing market dynamics brought about partly by new…Continue
Added by Geoffery Ho on April 3, 2017 at 13:27 — No Comments
Singapore property still a top draw for Asia's ultra-rich
Singapore’s property market remains high on the agenda of Asia's ultra-rich, notwithstanding the cooling measures still in place.
Its commercial properties are a top consideration for Asian ultra high net worth individuals (UHNWIs) keen on this asset class, moderately ahead of the UK and the US.
Added by Geoffery Ho on April 3, 2017 at 13:23 — No Comments
Not spared by cooling measures
Exclusive and rare as they are, bungalows in GCBAs have not remained untouched by the dampening effects of Singapore's property cooling measures and slowing economy.
Experts estimate that 2016 prices in this segment were about 10-15 per cent below their last peak in 2013. Prices are expected to continue to ease a little in the first six months of this…Continue
Added by Geoffery Ho on April 3, 2017 at 13:21 — No Comments
BTO v Resale flat: What adds up for first-timers?
Young home-buyers have cheered Monday's Budget which announced generous increases in grants for resale flats.
The enhanced Central Provident Fund Housing Grant, previously capped at $30,000, has been raised to $50,000 for first-timers who turn to the resale market for four-room and smaller flats. And it has risen from…Continue
Added by Geoffery Ho on April 3, 2017 at 13:18 — No Comments
Property curbs to stay for some time: Lawrence Wong
Property curbs on homes are likely to stay for some time as demand in the market remains "very resilient", National Development Minister Lawrence Wong has said.
This has put paid to any hopes for the cooling measures to be rolled back any time soon, amid expectations that this year's Budget would have offered some reprieve to developers here.
Mr Wong, who is…Continue
Added by Geoffery Ho on April 3, 2017 at 13:09 — No Comments
Enhanced grants expected to lift resale HDB market
The move to enhance the CPF Housing Grant for first-time buyers of resale HDB flats is expected to help sustain the recovery in resale transactions and stabilise resale prices.
While most market watchers were not surprised that the government chose against tweaking any property cooling measure, such a boost in housing subsidy for resale flats did…Continue
Added by Geoffery Ho on April 3, 2017 at 13:07 — No Comments
Should property cooling measures be relaxed?
It has been seven years since the government first introduced cooling measures for the property market.
The latest property market data for Q4 2016 shows 13 straight quarters of decline. From the peak in Q3 2013, prices have fallen over 11 per cent (down 3 per cent in 2016 and 3.7 per cent for 2015).
Added by Geoffery Ho on February 3, 2017 at 12:30 — No Comments
Added by Geoffery Ho on February 3, 2017 at 12:10 — No Comments
Condo launches to drive new home sales up Last month's tepid new private home sales tally that spelt a soft end to an otherwise bright year could soon be a distant memory. In a lively start to the year, the new private home market is expected to welcome as many as four project launches by April. One standout is the highly anticipated Park Place Residences at Paya Lebar Quarter (PLQ) - part of a $3.2 billion mega mixed-use project by Lendlease and Abu Dhabi Investment Authority. The other…Continue
Added by Geoffery Ho on February 3, 2017 at 12:04 — No Comments
Savvy buyers zoomed in on CCR last year, URA data shows
Amid the overall soft property market conditions, savvy private home buyers looking for attractive deals zoomed in on the Core Central Region (CCR) last year. Government data released on Thursday showed the region was 2016's outperformer in terms of percentage increase in transaction volumes, which in turn provided some ballast for prices in the…Continue
Added by Geoffery Ho on February 3, 2017 at 12:02 — No Comments
10-storey commercial building to replace Park Mall
The sleepy corner of Dhoby Ghaut that housed Park Mall is getting a new lease of life.
Singapore-listed developer SingHaiyi Group yesterday unveiled plans for a new 10-storey building, which is now under construction at 9 Penang Road, near Orchard Road.
The mixed-use project will have two wings comprising eight…Continue
Added by Geoffery Ho on February 3, 2017 at 12:01 — No Comments
Misuse of industrial space ever more widespread
The misuse of industrial space has become rampant, and with tenants having settled into units in new strata projects offering office-like designs and proximity to transport nodes, the trend has become even more conspicuous.
Businesses ranging from law firms and real-estate agencies to accounting and tax advisory firms, recruitment agencies, training…Continue
Added by Geoffery Ho on February 3, 2017 at 11:59 — No Comments
New HDB rental rules for work permit holders
Since Jan 1, non-Malaysian work permit holders from the manufacturing sector have no longer been eligible to rent a whole Housing Board flat, and can only rent rooms.
Those currently renting can stay on until their existing subletting approvals expire.
The rule change, reported by Chinese daily Lianhe Zaobao yesterday,…Continue
Added by Geoffery Ho on February 3, 2017 at 11:57 — No Comments
Buyers home in on condos launched in 2015 and earlier
Oldies can be goodies too, as homebuyers showed by snapping up units at projects launched before last year.
A check with developers found that those which enjoyed buoyant sales last year - Hong Leong Group, MCL Land, Qingjian and MCC Land, for example - got a sizeable boost from selling apartments released in 2015 and…Continue
Added by Geoffery Ho on February 3, 2017 at 11:55 — No Comments
HK housing curbs may be a boon for Singapore property
Singapore’s three-year decline in home prices could see relief from an unexpected quarter in 2017: Hong Kong.
So say analysts who expect the slide in the city-state's home prices to end this year as foreign investors turned off by Hong Kong's move to increase the stamp duty for overseas buyers look to Singapore…Continue
Added by Geoffery Ho on February 3, 2017 at 11:52 — No Comments
East Coast may offer 6,000 new HDB flats
Home hunters could soon get a shot at new Housing Board flats with coveted sea views along Singapore's East Coast.
The Government is looking into creating a new Bayshore district, which includes 6,000 HDB flats - a huge change for the overwhelmingly private estate area located on reclaimed land. Another 6,500 units will be set aside as private…Continue
Added by Geoffery Ho on February 3, 2017 at 11:38 — No Comments