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…

Property Market Outlook in 2014 and Beyond

By Mr. Propwise Ah, how quickly the year has flown by. It’s that time of the year again, where I dust off my crystal ball and peer into it, then stick my neck out and try to say something intelligent about the future direction of the property market. 2013 was certainly an interesting year, where…

The Multi-Million Dollar Mistake

By Mr. Propwise Here’s the story of a property investor who missed a once-in-a-decade opportunity. The date is early March, 2009. Post the onslaught of the Global Financial Crisis property prices had corrected sharply and everywhere he looked there were bargains to be had. At many projects prices were down 30+% from the early 2008…

How Interest Rates and Yields Affect Property Prices

By Mr. Propwise Interest rates have a significant effect on the real estate market as they affect both the cost of taking a mortgage from the bank to fund the property purchase, and the relative attractiveness of the property purchase versus other investment alternatives. Since the Global Financial Crisis in 2008, we have been in…

Are En-bloc deals still hot?

By Getty Goh (guest contributor) Many Singaporeans have long had a love affair with en-bloc property deals. Ever since the red hot en-bloc market in the mid-2000s, when we used to read about how some lucky property owners became millionaires overnight from en-bloc deals, some Singaporeans have been actively seeking out the next big en-bloc deal….

Predicting the 1Q2012 Dip in the URA Private Property Price Index

By Getty Goh (guest contributor) URA released the 1Q2012 flash estimate for the Private Property Price Index (PPPI) on 2 April 2012, which showed a moderate decline for the index. Even though the drop was marginal, it was significant as it represented the first decline since the property market rebounded strongly from the 2008 Global Financial…

Singapore Property Market Outlook for 2012 and 2013

By Dennis Ng (guest contributor) In 2011, buyers from China are the biggest group of foreign property buyers in Singapore. But if you are counting on foreigners to continue buying properties in Singapore in 2012 and 2013, I am afraid to say that you may be disappointed. The following factors are worthy of our consideration when…

Singapore Property News This Week #2

Here’s our summary of the important residential, commercial and industrial news this week. We hope this helps you to save time catching up on the news! Residential News NUS Singapore Residential Price Index rose in April The NUS Singapore Residential Price Index (SRPI) rose 14.1% in April year-on-year for the Non-Central Region and 5.6% for…