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 #119

Residential HDB pilots new multi-generation family flats According to the Ministry of National Development and the Housing & Development Board, the government is piloting a new type of flat to house multi-generation families, the 3Gen flats. 3Gen flats will have an internal floor area of 115 sq m, four bedrooms and three bathrooms, and are…

Singapore Property News This Week #107

Residential Jewel@Buangkok draws strong response 203 out of the 280 units at 616-unit Jewel@Buangkok were sold. Average selling price was about $1,150 psf which includes an early-bird discount. 84% of buyers are Singaporeans, many were young couples, PMEBs (professionals, managers, executives and businessmen) and HDB upgraders. 16% of buyers were foreigners and PRs from Malaysia,…

7th Round of Cooling Measures – The Anvil to Smash the Camel’s Back?

By Mr. Propwise As I had discussed previously, skyrocketing residential and industrial property prices dramatically increased the risk of additional government measures to prevent a destabilizing property bubble from forming. And this time, no punches were pulled. On 11 January 2013 the Ministry of Finance, Ministry of National Development, Monetary Authority of Singapore and Ministry…

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…

Singapore Property News This Week #50

Residential ABSD reimbursing may be a cause for concern To prevent the ABSD from affecting sales, developers have been offering discounts, rebates and even reimbursing the ABSD. This may potentially distort property and loan values and obscure transparency in the market especially since these discounts are given only after the transaction, meaning that the prices…

Singapore Property – Top 5 News Stories This Week #9

Here’s issue #9 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru). 1. Geylang Serai redevelopment plan unveiled The Ministry of National Development (MND) yesterday revealed its detailed plans for the redevelopment of Geylang Serai. 2. Housing, employment are pressing issues amongst most S’poreans Housing and employment are…

Singapore Property Beginner’s Guide Part 3: Major Players in the Real Estate Market

Following our first post about public and private housing types and second about districts and planning areas in Singapore, this post is the third in our series to help the absolute beginner understand the Singapore property market. We’ll be discussing who the major players in the property market are and how they drive the functioning…