Singapore Property News This Week #143

Residential A breather for homeowners who bought before last June 29 With immediate effect from Feb 10 this year, the Monetary Authority of Singapore (MAS) has announced that refinancing of loans for homes bought before June 29, 2013 will be exempted from the total debt servicing ratio (TDSR) cap of 60 percent. The cap means…

Property Market in 2014 – A Watershed Year?

By Property Soul (guest contributor) The property market in 2014 started with a series of bad news from the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB). How bad are the numbers? On 2nd January 2014, HDB announced that the HDB Resale Price Index continued to drop in the 4th Quarter of…

Singapore Property News This Week #107

Residential Jewel@Buangkok draws strong response 203 out of the 280 units at 616-unit Jewel@Buangkok were sold. Average selling price was about $1,150 psf which includes an early-bird discount. 84% of buyers are Singaporeans, many were young couples, PMEBs (professionals, managers, executives and businessmen) and HDB upgraders. 16% of buyers were foreigners and PRs from Malaysia,…

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…

How Does the 1H13 GLS Programme Impact Property Supply?

By Mr. Propwise On 14 December 2012 the Ministry of National Development (MND) announced the Government Land Sales (GLS) Programme for the first half of 2013. A total of 23 residential, two commercial, four hotel, and three mixed-use sites were announced. These sites could potentially yield a total of about 14,000 private residential units (6,900…

Singapore Property News This Week #77

Residential 99-year Sengkang EC sites draws $135m top bid The 151,779.6-sq-ft site located at the junction of Sengkang West Way and Fernvale Link attracted a total of 6 bids, with the top bid of $135 million or $296.50 psf ppr from CITY Developments’ (CDL) unit Verspring Properties. The site has a 455,338-sq-ft GFA that can…

Singapore Property News This Week #55

Residential Residential supply is expected to remain high in H2 2012 An estimated upcoming supply of 28 to 30 new residential sites from both the confirmed and reserve list yielding 14,000 residential units is predicted, given the high housing prises and strong demand for both housing units and land. On the Confirmed list could be…

What the First Quarter 2012 URA Numbers Tells Us About the Property Market

The Urban Redevelopment Authority (URA) recently released their 1Q12 real estate statistics, and in this article we will look at the patterns emerging from the numbers for both the residential and non-residential (office, shop and industrial) segments. Residential – Prices fall for the first time since 2Q09 The URA Private Property Index (PPI) fell by…

Singapore Property News This Week #39

Residential Freehold Tai Keng Court up for sale with asking price of $130m Tai Keng Court consists of 56 strata apartments and 23 commercial units in the two blocks sitting on the103,798 sq ft site with a 1.4 gross plot ratio. It can potentially be amalgamated with a 4,988 sq ft state land to yield…

Singapore Property News This Week #37

Residential Strong sales at Parc Rosewood 99-year leasehold five-storey 689-unit Parc Rosewood located along Woodlands Avenue 2/Rosewood Drive had sold 165 of its 236 released units. A good 120 of them (mainly one- and two-bedroom units with a few three-bedroom units and penthouses) were sold during the first four hours of the preview launch, and…