Sales of new private homes slowed last month after two consecutive months of increases, but analysts attributed the decline mainly to fewer launches and said that projects with good locations and prices will continue to draw buyers. Developers sold 1,009 units last month excluding executive condominiums, down 19 per cent from September’s 1,246 units, after they launched 38 per cent fewer homes at...
General
To provide developers and home-buyers with more choices for private housing, the Housing & Development Board (HDB) and the Urban Redevelopment Authority (URA) will be releasing four residential sites for sale in November 2013 under the Government Land Sales (GLS) Programme for the second half of 2013 (2H2013). Together, these four sites can yield about 2,350 residential units. The first land parcel at...
Demand for new private homes in Singapore eased by 19 per cent in October. According to data from the Urban Redevelopment Authority (URA), 1,009 units of new homes were sold in October, down from 1,246 units transacted in the previous month. The top selling projects during the month were located in the suburban areas. They included The Inflora at Flora Drive which sold 388 units, and Nine...
Apart from location, the next most important question on a home buyer’s mind is probably the tenure of the property. There are generally two types of tenure in Singapore: Ninety-nine-year leasehold and freehold. For all practical purposes, the 999-year leasehold property is considered to be the same as freehold because the difference in their values is negligible and banks will not impose any loan...
Upcoming condominium Duo Residences in Bugis, slated to come on stream in 2017, is set to spice up Singapore's skyline and rejuvenate the district. Nestled within the heart of the city state, Duo Residences is making waves in Malaysia. Analysts said the development will offer the largest number of homes in the city at 660 units. According to marketing materials, indicative prices for units at Duo...
The Alex Residences condominium near Redhill MRT station received strong demand at its preview launch on Wednesday. The 429-unit project saw bookings for all 150 units initially released on Wednesday. To meet overwhelming demand, developer Singapore Land says it has released another 50 units under its first phase. SingLand had priced the project at an average price of S$1,650 per square foot,...
Spanning less than 538 square feet, shoebox units may be the smallest type of condominium units available. However, such units are gaining popularity among property investors -- unit owners are getting better returns by renting out these units compared to rental yields from the larger condos. The supply of condominiums are set to grow in coming months as more of such private homes are being built....
National Development Minister Khaw Boon Wan said one third of applicants for the category of five-room and three-generation (3Gen) flats in Yishun in the recent Build-To-Order (BTO) exercise were from multi-generation families. 378 applicants were from multi-generation families, out of a total of 1,152 applicants for flats in the category. In the past year, only 3 per cent of five-room flat...
National Development Minister Khaw Boon Wan gave an update on Tuesday on the progress of infrastructure developments to keep up with future inflows of foreign manpower. For public housing, the government is on track to complete 13,600 new flats this year. By 2016, some 200,000 new units will be constructed -- this is equivalent to four Ang Mo Kio towns. As for transport, the Downtown Line will be...
Despite having to navigate a challenging environment with the introduction of various property market cooling measures and the Total Debt Servicing Ratio (TDSR) framework, City Developments (CDL) has continued to enjoy robust sales at its new and existing residential projects. In its third-quarter financial report released yesterday, CDL said more than 83 per cent of the 420 units in its Jewel@Buangkok...