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…

7 Singapore Property Market Trends in 2014 and Beyond

By Paul Ho (Guest Contributor) The numerous property cooling regulations imposed by the MND, URA, MAS and IRAS have done much to curb the speculative fever in the property market, but regulations to stop the latent demand are futile. In short, if there are 20,000 people needing houses and only 10,000 houses, then prices will…

Singapore Property News This Week #136

Residential Minister Khaw: public housing policies must match social objectives In a blog post, National Development Minister Khaw Boon Wan said that 10,000 couples would benefit from the Parenthood Priority Scheme in the coming January, and that housing policies must be guided by social objectives including encouraging the young to get married and couples to…

Singapore Property News This Week #135

Residential November new home sales: buyers more selective on location and pricing November’s sales figures for new private homes show that buyers are now more selective on location and attractive pricing. According to data from the Urban Redevelopment Authority (URA), developers moved 1,228 units (excluding executive condominiums) in November, which is a 15 percent increase…

When a Property Billionaire Turns Bearish

By Mr. Propwise It is a rare occasion when a billionaire property developer talks the market down. Kwek Leng Beng, Chairman of City Developments Limited (CDL), a leading real estate developer in Singapore, did just that recently when he called buying land in Singapore at today’s prices “suicidal” and predicated an up to 5 percent…

Singapore Property News This Week #109

Residential Rising interest in city-fringe homes cause May sales of private homes to increase With the rising interest in city-fringe homes, the sales of new private homes for May increased by 5.4 percent with a total of 1,455 units sold, compared to the 50 percent drop of the previous month. 41.4 percent of the sales…

How Does the 1H13 GLS Programme Impact Property Supply?

By Mr. Propwise On 14 December 2012 the Ministry of National Development (MND) announced the Government Land Sales (GLS) Programme for the first half of 2013. A total of 23 residential, two commercial, four hotel, and three mixed-use sites were announced. These sites could potentially yield a total of about 14,000 private residential units (6,900…

Does a 60 Years Leasehold Condominiums Make Sense?

By guest contributor AK When I was told that residential properties in Hong Kong generally come with a 50 years lease, I was amazed. Imagine that someone in his thirties bought a condo in Hong Kong and he lived to be 90 years old.  This effectively means that he could be kicked out of the…

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 News This Week #40

Residential Older housing estates to see more resale transactions With the $20,000 bonus for older Singaporeans who sell their flats and purchase three-room or smaller flats, older housing estates in Bukit Merah, Toa Payoh and Queenstown with more senior owners are likely to see more resale transactions. This may lead to a slight increase in…