Here’s issue #13 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru).
The Housing & Development Board (HDB) launched more than 8,200 flats
for sale yesterday, under the joint Build-To-Order (BTO) and Sale of
Balance Flats (SBF) exercises.
Average prices of mass market homes in suburban areas have exceeded
the psychological threshold of S$1 million, according to a Straits
Sim Lian Group’s Centrale 8 project in Tampines has seen more units
sold than expected, even after it received widespread criticism for
its record price of S$880,000 for a five-room flat.
Sales of executive condos (ECs) have picked up after last week’s
announcement that the higher income ceiling of S$12,000 would apply to
five other EC projects with unsold units.
The government’s cooling measures will not slow the demand for
residential properties in Singapore, according to Wong Heang Fine, CEO
of CapitaLand Residential Singapore.