Singapore Property News This Week #142

Residential Optimistic outlook for Riverbank @ Fernvale Sale of units at UOL Group’s 99-year leasehold 555-unit private condominium Riverbank @ Fernvale will begin next week. The average price indication is slightly over $1,000 psf. Prices of a 495 sq ft one-bedroom unit start from $476,000, or around $962 psf. A 947 sq ft three-bedroom unit…

Singapore Property News This Week #23

Residential EL Development launches DBSS project Trivelis with high indicative pricing 888-unit Trivelis, developed under the Design, Build and Sell Scheme (DBSS) at Clementi Ave 4, consists of three 40-storey towers with three-room to five-room flats, with more than 50 % being four-room flats. Prices of three-room flats (646 sqft), four-room units (861 sqft to…

What the Negative Swap Rate Means For You

In a surprising development, the Singapore dollar Swap Offer Rate (SOR) turned negative for the first time on August 10th due to inflows into the Singapore dollar. In this article we’ll explore what the SOR is, why it turned negative, and what impact that has on the banks, borrowers and depositors. What is SOR? SOR…

Will Interest Rates Go Up Soon?

By Mr. Propwise Many people are concerned that the current low interest rate environment in Singapore could end by the end of this year, driving up the cost of mortgages and putting pressure on the property market. In this article we take a look at how interest rates in Singapore are determined, and where they…