Singapore Property News This Week #147

Residential Procedure for resale HDB transactions to be changed The procedure for reporting resale Housing Development Board (HDB) transactionshas been changed to shift the focus from cash-over-valuation (COV) to market prices. Buyers now are required to get the option to purchase (OTP) before asking for a valuation from HDB who will not accept such requests…

Singapore Property News This Week #146

Residential Resale HDB flat COV hits zero for the first time in almost a decade The overall median cash-over-valuation (COV) for resale HDB flats hit zero in February, the first time since 2006, as demand for resale public homes dropped. The overall median COV for January was $3,000. According to the transaction records from agencies…

Singapore Property News This Week #115

Residential Jurong EC plot bid breaks record An all-time record price for EC land has been made for a plot in Jurong, which has long been starved of new EC supply. The 99-year leasehold plot near Jurong Country Club received a top bid of $418.53 psf ppr with strong participation of 16 bidders. The buzz…

Do the Additional Stamp Duties and HDB Cash Over Valuation Make Sense?

By The Folks(guest contributor) A letter from a certain Mr Zhuang Li-Hao was published in the Straits Times forum page recently. Mr Zhuang felt that existing policies curb transaction volumes, but are by themselves inflationary. This is why prices continue to rise despite the various rounds of cooling measures. He suggested two ways to modify…

Singapore Property News This Week #72

Residential Q3 private home price index increased by 0.5% The overall private home price index increased by 0.5% in Q3, compared to the 0.4% increase in Q2. The Outside Central Region, Rest of Central Region and Core Central Region posted an increase of 1%, 0.7% and 0.2% increase in Q3. This brings the year-to-date increase…

Singapore Property News This Week #59

Residential Botanic Investments said to have sold 17 units at freehold 8 Napier 172,013 sq ft three-bedroom units at the freehold project 8 Napier located opposite the US Embassy and near the Singapore Botanic Gardens are said to have been sold to Alpha Investment Partners at $100 million or $2,800-3,000 psf via sale of shares…

How to Choose the Right HDB Flat For You

(Image courtesy of Singapore Tourism Board) Most young families in Singapore buy an HDB flat as their first property as it is more affordable versus private housing, and government subsidies are available for their purchase and financing. More than 80% of Singaporeans live in HDB flats, and more than 90% of them own the home…