Singapore Property News This Week #145

Residential Minister Khaw: more help for elderly’s housing In a post-Budget dialogue with grassroots leaders on February 23, National Development Minister Khaw Boon Wan was reported to say that the ministry will consider expanding the Lease Buyback Scheme which can aid the elderly in monetising their housing assets. The ministry is also reviewing suggestions of…

Singapore Property News This Week #143

Residential A breather for homeowners who bought before last June 29 With immediate effect from Feb 10 this year, the Monetary Authority of Singapore (MAS) has announced that refinancing of loans for homes bought before June 29, 2013 will be exempted from the total debt servicing ratio (TDSR) cap of 60 percent. The cap means…

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 #95

Residential HDB explores possible measures to ensure affordability of flats To ensure that flats remain affordable, the government is considering possible measures such as reinstating the old policy where public flats can be sold only back to HDB, increasing the minimum occupation period and shortening leases. MND will also be looking into bring prices of…

HDB New Flat Prices to Fall by 30%?

By Mr. Propwise In a recent parliamentary speech, Minister Khaw Boon Wan suggested that his Ministry is looking at ways to bring Build-To-Order (BTO) flat pricing in non-mature estates down to “four years of salary”, where it was before the current property bull market started more than six years ago, down from the current 5.5…

Singapore Property News This Week #74

Residential Developer sales in September break 2010 records 2,621 private homes excluding ECs were sold in September, an 83.7% increase from August and the highest since July 2009’s 2,772 units, thus bringing the total units sold this year to 17,927 units, up 12.7% from 2011’s full-year record and 10% from 2010’s full-year record. This is…

Game Over? New Property Cooling Measures Restrict Mortgages

By guest contributor Gerald Tay On 5th October, Friday, the Monetary Authority of Singapore (MAS) announced that it was capping the length of a home loan at 35 years. With effect from 6th October, 2012: All residential property loans will be subjected to a maximum of 35 years loan tenure, including HDB mortgage loan tenures….

Singapore Property News This Week #64

Residential Khaw cautions against buying beyond means Minister for National Development Khaw Boon Wan advises against buying homes against financial means and taking up loans with 50-year loan terms. He also noted that first-timers are more successful in their BTO applications for flats in non-mature estates and that second-timers can also rely on the government…

Singapore Property News This Week #60

Residential Freehold Asia Gardens back on the en bloc market, with a lower price Freehold Asia Gardens at Everton Road is back on the market, asking for a lower $273.2 – 300.3 million or $1,354 to $1,488 psf ppr, compared with the earlier $302.6 – 307.7 million. The 84-unit development zoned for residential use has…