Singapore Property News This Week #102

Residential March sees 0.9% increase in non-landed private home prices According to NUS’s overall Singapore Residential Price Index (SRPI), the prices of completed non-landed private homes excluding ECs saw a 0.9% rise in March, compared to a 1.2% fall in February. This was largely due to the Central Region sub-index (excluding small units), which saw…

Sayonara Shoeboxes?

By Mr. Propwise On September 4th, 2012 the URA announced new guidelines that will effectively curb the future development of shoebox units, typically units smaller than 500 square feet, in suburban areas. Effective November 4th, 2012, the total number of homes that can be built for non-landed private residential developments outside the Central Area will…

Taking the Road Less Travelled – Part One

by Mr. Propwise This is Part One of an interview with Getty Goh on his tips for investing in overseas property, and his experiences developing an overseas property project. In Part One we ask Getty whether it makes sense to even look at overseas property investments, the differences between investing overseas and in Singapore, and…

Are Shoebox Residential Units Profitable Investments?

By Mr. Propwise Shoebox apartments (aka “mickey mouse” apartments) have become increasingly popular in recent years, with caveats lodged rising from fewer than 30 in 2004 to more than 1,900 units in 2010. They are becoming a more prominent feature in our private housing landscape – they made up just 6% of new private home…