Property Market in 2014 – A Watershed Year?

By Property Soul (guest contributor) The property market in 2014 started with a series of bad news from the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB). How bad are the numbers? On 2nd January 2014, HDB announced that the HDB Resale Price Index continued to drop in the 4th Quarter of…

Singapore Property News This Week #114

Residential Property cooling measures discourage foreign buyers According to a caveats analysis by DTZ, Singapore PRs and foreigners continued to buy fewer private homes for the second consecutive quarter in Q2 2013, while Singaporeans’ private home purchases increased by 14.4 percent in Q2 compared to Q1 2013. PRs bought just 348 units in the secondary…

The Trouble with Shoebox Homes

UPDATE: CIMB has clarified that they are still offering financing for shoebox units. By Calvin Yeo (guest contributor) According to PropertyGuru, at least one bank in Singapore is declining all loan applications for properties under 500 square feet in size, which are termed shoebox units in Singapore. The property market sentiment is generally poor now and…