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 #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…

Do the Additional Stamp Duties and HDB Cash Over Valuation Make Sense?

By The Folks(guest contributor) A letter from a certain Mr Zhuang Li-Hao was published in the Straits Times forum page recently. Mr Zhuang felt that existing policies curb transaction volumes, but are by themselves inflationary. This is why prices continue to rise despite the various rounds of cooling measures. He suggested two ways to modify…

Singapore Property News This Week #59

Residential Botanic Investments said to have sold 17 units at freehold 8 Napier 172,013 sq ft three-bedroom units at the freehold project 8 Napier located opposite the US Embassy and near the Singapore Botanic Gardens are said to have been sold to Alpha Investment Partners at $100 million or $2,800-3,000 psf via sale of shares…

Singapore Property News This Week #46

Residential No more strata landed homes in condominium projects To prevent foreigners from purchasing strata landed homes built in condominium projects, such homes can no longer be built in projects with ‘condominium’ status. Earlier, foreigners buying strata landed homes within such projects do not need permission from the Singapore Land Authority’s Land Dealings (Approval) Unit….

Singapore Property News This Week #33

Residential Resales and private home prices expected to fall this year 2011 Q4’s estimates did not bode well for 2012’s private homes and resale flats prices. According to URA’s private residential property price index, there was only a 0.2% increase from Q3 to Q4 2011, much lower than the 1.3 % increase from Q2 to…

Worrying Trends in the Singapore Property Market

By Mr. Propwise I’ve noticed some interesting and worrying trends in the Singapore property market that I’d like to share with you, and also delve into what they mean for the property investor and own-stay home buyer. HDB prices are rising faster than private property prices Last week the URA reported that the private residential…

Singapore Property News This Week #23

Residential EL Development launches DBSS project Trivelis with high indicative pricing 888-unit Trivelis, developed under the Design, Build and Sell Scheme (DBSS) at Clementi Ave 4, consists of three 40-storey towers with three-room to five-room flats, with more than 50 % being four-room flats. Prices of three-room flats (646 sqft), four-room units (861 sqft to…