Singapore Property News This Week #104

Residential Luxury home markets hit by cooling measures According to JLL, the average capital values for luxury homes fell by 0.6% in Q1 as a result of cooling measures such as a higher ABSD and a tighter LTV ratio. This is compounded by the slower slower population and economic growth. Similarly, a CBRE report stated…

Singapore Property News This Week #98

Residential Slowdown in HDB resale prices growth in Q1 The Resale Price Index (RPI) for HDB flats saw a 1.2% increase to 205.4 in Q1 2013, compared to the 2.5% increase in Q4 2012. Reasons for the slowdown include the capping of MSR at 30% and 35% of gross monthly income for loans granted by…

Singapore Property News This Week #65

Residential Shan Gate apartments up for collective sale The 27-unit 10-storey residential development located along Shan Road near the Novena Medical Hub and the Novena MRT Station is asking for $51.5-53.5 million or $1,010-1,049 psf ppr excluding balcony allowance, or $918-953 psf ppr if included, based on a 2.8 gross plot ratio on the 18,305…

Singapore Property News This Week #43

Residential Decline in property investment sales There has been a decline in property investment sales in Q1 2012 to $3.4 billion as of March 12, though the final figure could potentially reach $3.8 billion. The figure thus far is a 57% fall from Q4 2011’s $7.7 billion and a 60% fall from Q1 2011’s $8.4…

Singapore Property – Top 5 News Stories This Week #2

Here’s issue #2 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru). Have a good weekend! 1. Property auction sales plummet in Q1   The property auction market has registered a sharp drop in the total number of transactions and sales in the first quarter, winding up a…