Singapore Property News This Week #137

Residential Wheelock unveils condo The Panorama in Ang Mo Kio Wheelock Properties has unveiled the condo project The Panorama in Ang Mo Kio Avenue 2, its first 99-year suburban condo project in Singapore in two decades. The development has 698 units in six blocks – two 20-storey blocks, four 17-storey blocks with two levels of…

Singapore Property News This Week #115

Residential Jurong EC plot bid breaks record An all-time record price for EC land has been made for a plot in Jurong, which has long been starved of new EC supply. The 99-year leasehold plot near Jurong Country Club received a top bid of $418.53 psf ppr with strong participation of 16 bidders. The buzz…

Singapore Property News This Week #111

Residential Private home prices increase in second quarter According to the Urban Redevelopment Authority’s second quarter flash estimates, the private home price index increased by 0.8 percent from Q1, with a 3 percent increase for non-landed home prices in suburban areas. In Q1, the increase for private home and non-landed home prices was 0.6 and…

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 #79

Residential 6,463 BTO flats launched in 7 HDB projects, with at least another 20,000 next year The 6,463 new BTO flats launched brought the total number of BTO flats launched in 2012 to a record-breaking 27,084 units. Including the 7,153 balance flats launched earlier in the Sale of Balance Flats (SBF) Exercises, a total of…

Singapore Property News This Week #67

Residential Foreign buyers active in the property market again After the decline in foreign buyers following the ABSD, there are signs that foreign buyers are becoming active in the property market again, with the four largest nationalities in Q2 being Malaysians (6.3%), Indonesians (4.7%), mainland Chinese (4.4%) and Indian nationals (3.0%). The largest increase came…

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 #18

RESIDENTIAL HDB launched over 8,200 flats; largest supply offered in a launch so far HDB launched over 8,200 flats for sale under its BTO and SBF exercises; this number is said to be the biggest number of flats offered in a single launch so far. 5,415 new flats in Sengkang, Punggol, Jurong West, Jurong East,…