How Interest Rates and Yields Affect Property Prices

By Mr. Propwise Interest rates have a significant effect on the real estate market as they affect both the cost of taking a mortgage from the bank to fund the property purchase, and the relative attractiveness of the property purchase versus other investment alternatives. Since the Global Financial Crisis in 2008, we have been in…

Singapore Property News This Week #35

Residential First-timers have high chances of getting BTO flats The first-time application rates for Build To Order (BTO) flats launched in January this year is 1.5, close to 1.6 in the November BTO, meaning that most will likely get to choose a flat from the 4,000 units available in this January launch. For second-timers, the…

Are You Being Penny Wise, Pound Foolish?

By Lau (guest contributor) (Or in Singapore terms, Cents Wise Dollar Foolish) Recently I had sent a friend home and went up to his apartment for a short 20 minute drink. As Murphy would have told me, anything that can go wrong, will go wrong: Saving the trouble of tearing a 50 cent coupon cost…

Singapore Property News This Week #8

Here’s our summary of the important residential, commercial and industrial news this week. We hope this helps you to save time catching up on the news! RESIDENTIAL Peace Centre and Peace Mansion up for collective sale at $675 million For the third time, 40-year-old Peace Centre and Peace Mansion at One Sophia Road are up…

Singapore Property Weekly Issue 8 now out!

Dear readers, We’re happy to bring you the eighth issue of our FREE PDF e-magazine, through which we hope to bring interesting and pertinent articles on the Singapore property market to our members. We’ll be adding new sections over time. Let us know what else you’d like to see – we welcome all feedback! In…

New Record Price for a Mass Market Project

By Mr. Propwise Thomson Grand has set a new benchmark for the mass market segment, priced at an average of $1,330 psf. Developed by Hong Kong developer Cheung Kong, it was launched late last week and reportedly sold out all 50 launch units on the first day. This represents around 20% of the 361 units….

CEA Issues Guideline on Ethical Advertising by Property Agents

The Council for Estate Agencies (CEA) has issued a Practice Guideline to promote ethical advertising by property agents. These guidelines were developed after consultation with property agents, industry associations, government bodies such as the HDB and URA, and the Consumers Association of Singapore. These guidelines will apply to all forms of advertisements, including classifieds, pamphlets…

Singapore Property News This Week #7

Here’s our summary of the important residential, commercial and industrial news this week. We hope this helps you to save time catching up on the news! RESIDENTIAL Grand Tower at Novena up for sale at $88.8 million 21,742 sq ft Grand Tower located in Novena is up for sale with an asking price of $88.8…

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…