Singapore Property – Top 5 News Stories This Week #16

Here’s issue #16 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru).

1. First DBSS project in west to launch next week

Lake Vista @ Yuan Ching, the first Design, Build and Sell Scheme (DBSS) project in western Singapore, will be launched for sale next week, with prices ranging from S$360,500 for the smallest unit to S$680,400 for the largest flat.

2. Most S’pore borrowers still choosing Sibor

According to a recent article on PropertyGuru (Fixed-rate home loans gain steam in Singapore), more home buyers are looking to fixed-rate loans to finance their property purchases.

3. Landed home approvals for PRs to decline on tighter rules

The number of approvals granted to permanent residents (PRs) who want to acquire landed homes in Singapore will likely fall by more than 50 percent after the criteria was further tightened recently, according to Law Minister K Shanmugam.

4. Tengah, Bidadari seen as possible new towns

To cope with the growing population, the government has identified the areas of Bidadari and Tengah as potential residential estates.

5. Housing market will stabilise, says PM Lee

The Singapore government should be able to “stabilise” the local housing market within the next four years, said Prime Minister Lee Hsien Loong, in a speech to mark the completion of a S$48.3 million upgrading effort in a housing project in Ang Mo Kio.