Singapore Property News This Week #146

Residential Resale HDB flat COV hits zero for the first time in almost a decade The overall median cash-over-valuation (COV) for resale HDB flats hit zero in February, the first time since 2006, as demand for resale public homes dropped. The overall median COV for January was $3,000. According to the transaction records from agencies…

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 #32

Residential Redas holds meetings with industry players regarding cooling measures A series of meetings has been held by the Real Estate Developers’ Association of Singapore (Redas) with industry players such as developers, property consultants, brokerage analysts and lawyers to discuss the impact of the recently implemented cooling measures. They discussed the intended objectives of the…

What the Raised Income Ceiling Means For the Property Market

By Dennis Ng (guest contributor) The news was expected as the then Minister for National Development (Mr. Mah) had mentioned in the run-up to General Elections in May 2011 that the income ceiling for HDB flats would be increased. The changes announced by Prime Minister Lee during National Day Rally on Sunday night 14 Aug 2011…