Prices of resale HDB flats fell more than expected in the last three months, according to third quarter statistics released today (Oct 25) by the Housing and Development Board (HDB). The Resale Price Index (RPI) fell by 0.9 per cent in Q3 in the first decline to be registered since the first quarter of 2009. The flash estimate released by the HDB earlier this month, which took into account the resale...
General
Sales of private residential properties in Sentosa Cove have fallen substantially this year, following stiffer Additional Buyer's Stamp Duty (ABSD) rates implemented in January this year. Property agency PropNex said industry data showed that 42 apartments and landed homes were sold in the first nine months of this year. This is compared with 98 units transacted in the whole of last year. The...
The Council for Estate Agencies (CEA) has announced a new training roadmap to boost the capabilities and professionalism of real estate agency leaders and salespersons. Separately, the Housing and Development Board (HDB) has also introduced a new electronic resale checklist, which could mean less hassle for those hoping to buy or sell their flats. CEA’s new Continuing Professional Development (CPD)...
A Singaporean couple suing a condominium developer for fraud over 20 square metres of space is being sued in turn. Poh Her Chiew and Ling Mee Chow, both in their 40s, claim the developer misled them into thinking they were buying an executive condominium unit with a floor area of 167 square metres at Blossom Residences. They said the actual area should be 147 square metres, as there is 20 square...
A string of mixed development projects is expected to hit the market in the months ahead. Given their attractive locations in the city and at the city fringe, analysts believe the properties, particularly the commercial component, are likely to be well-received. The Venue Residences and Shoppes, located near the Potong Pasir MRT station, was launched for sale on Friday. The project comprises 266...
More private property buyers are choosing smaller units, according to analysts. They said they have observed this trend after loan curbs were implemented in June. They also said that they expect private property prices to remain stable in the next few months, with properties priced below S$1 million being the most popular. Ku Swee Yong, CEO of Century 21 Singapore, said: "Buyers are now a lot more...
Singles looking to buy a Build-to-Order (BTO) flat will now have more chances to do so as the Housing and Development Board (HDB) has decided to allow this group to buy any excess two-room flats in non-mature estates after catering to the demand from first- and second-timer families. HDB rules stipulate that 30 per cent of two-room flats will be set aside for singles, but the demand for such units from...
Surprised by the strength in September new private home sales, some market watchers were hard pressed to explain the size of the rebound, especially after having blamed the Total Debt Servicing Ratio (TDSR) framework introduced in June for the housing sector’s woes over the past few months. They did find one plausible explanation for the 65-per-cent jump from August to 1,246 units sold last month,...
Greenhub -- Singapore's first "green" factory -- was officially opened on Thursday by Deputy Prime Minister Tharman Shanmugaratnam. Greenhub's nondescript exterior belies the effort and the attention to detail that has gone into Singapore's first green factory. The factory embraces environmentally friendly processes all the way from its construction down to its daily operations. Its self-tinting...
The sales tender for two industrial sites at Gambas Crescent drew good response from developers. Grow-Tech Properties has lodged the highest bids for both plots, according to details from the Urban Redevelopment Authority. The first site - Parcel 1 - has attracted a total of six bids, with a top bid of S$44.77 million from Grow-Tech Properties and is 48.5 percent higher than the next highest...