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 #137

Residential Wheelock unveils condo The Panorama in Ang Mo Kio Wheelock Properties has unveiled the condo project The Panorama in Ang Mo Kio Avenue 2, its first 99-year suburban condo project in Singapore in two decades. The development has 698 units in six blocks – two 20-storey blocks, four 17-storey blocks with two levels of…

Singapore Property News This Week #135

Residential November new home sales: buyers more selective on location and pricing November’s sales figures for new private homes show that buyers are now more selective on location and attractive pricing. According to data from the Urban Redevelopment Authority (URA), developers moved 1,228 units (excluding executive condominiums) in November, which is a 15 percent increase…

Singapore Property News This Week #119

Residential HDB pilots new multi-generation family flats According to the Ministry of National Development and the Housing & Development Board, the government is piloting a new type of flat to house multi-generation families, the 3Gen flats. 3Gen flats will have an internal floor area of 115 sq m, four bedrooms and three bathrooms, and are…

Does a 60 Years Leasehold Condominiums Make Sense?

By guest contributor AK When I was told that residential properties in Hong Kong generally come with a 50 years lease, I was amazed. Imagine that someone in his thirties bought a condo in Hong Kong and he lived to be 90 years old.  This effectively means that he could be kicked out of the…

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…

Singapore Property – Top 5 News Stories This Week #10

Here’s issue #10 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru). 1. HDB releases 2 EC sites for sale The Housing & Development Board (HDB) has launched two executive condominium (EC) residential sites at Pasir Ris Drive 3 / Pasir Ris Rise and Yishun Avenue 7 /…