Singapore Property News This Week #108

Residential Afiniti Residences sold out on first day of launch Afiniti Residences, a 147-unit condominium project in Iskandar Malaysia, was sold out on its highly anticipated launch by the 50:50 joint venture between Temasek Holdings and Pulau Indah Ventures. 25% of the buyers were Singaporeans, while the rest were mainly Malaysians. Some 88 units were…

Singapore Property News This Week #54

Residential Latest CBS figures reflects effective cooling measures 58.3% of the 15,410 Singaporeans/PRs granted private home mortgages (including refinancing cases) in Q1 2012 did not have any outstanding home loans either for a HDB flat or private residential property, compared to the 56.4% and 53% for the whole of 2011 and 2010 respectively. This may…

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 News This Week #41

Residential A slew of projects awaiting their launches The slew of projects waiting to be launched include both residential and office projects. First up for the residential projects is Tuan Sing’s Seletar Park Residence located in Seletar. The 99-year leasehold 276-unit, five-storey condominium development consists of 93 one-bedroom, 113 two-bedroom, 46 three-bedroom and 24 four-bedroom…

Singapore Property News This Week #28

Residential Reversal for prices of non-landed private homes – prices rose by 0.9% After three months of negative or zero growth, prices of non-landed private homes rose by 0.9% in October, according to National University of Singapore’s (NUS) Singapore Residential Price Index (SRPI). Prices of new launches were strong in the earlier months but prices…