The Council for Estate Agencies (CEA) and the Consumers Association of Singapore (CASE) will hold a seminar on the property sector next month, covering topics such as the market outlook, dispute resolution and financing options. The second of a four-part series that kicked off in August, it will take place on Nov 2 from 10am to 1pm at the NTUC Centre, 1 Marina Boulevard. Among the speakers are...
General
Resale prices of private homes slipped 1.6 per cent in September from August as recent loan curbs took its toll on the market. This follows a 0.5 per cent increase in the previous month. According to data compiled by the Singapore Real Estate Exchange (SRX), the overall price decline last month was led by a 3.5 per cent drop in resale prices of private homes in the city fringes. Mass market resale...
Demand for business park space in Singapore continued to be buoyant in the third quarter. Growth industries such as biomedical, media and IT continued to fuel demand for quality space. This is according to the latest report by property consultancy CBRE. Fujitsu and Fox International committed to set up shop at the recently-completed Nexus in One North in the third quarter. This brings the...
Nearly 2,500 executive condominium (EC) units have been sold as at August this year, according to estimates by property agent OrangeTee. The numbers make up almost 80 per cent of new units from five EC projects launched as at August this year. SkyPark Residences at Sembawang will be the seventh and last EC development to be launched this year. Analysts expect SkyPark Residences to be sold between...
Johor, whose Iskandar region has been a hot favourite with Singaporean investors, plans to impose a tax of 4 to 5 per cent on foreigners who buy property in the state to curb speculative fervour, but analysts say demand from Singapore has already been slowing in recent months amid an increasingly uncertain external environment. Mr Ku Swee Yong, Chief Executive Officer of Singapore-based consultancy...
The number of resale flats that have been sold without a cash premium (cash-over-valuation or COV) in July and August has exceeded the numbers seen in the first and second quarters of 2013. According to the Singapore Real Estate Exchange (SRX), there were 111 zero COV transactions in the third quarter, excluding September -- that is almost triple the number seen in the first quarter of this year (38...
Sembawang residents can look forward to their own swimming pool and stadium within 10 years. MP for Nee Soon GRC Dr Lim Wee Kiak revealed this at the ground-breaking ceremony for an integrated sports, recreation and community hub at Canberra Park on Sunday morning. Some S$2m is being spent to transform Canberra Park in the next one year. The 80,000 residents there will enjoy an Inclusive Adventure...
Residential property prices in the wealthy island nation of Singapore could be headed for a sizable correction of up to 20 percent by 2015, according to Barclays. "We believe the risk of a residential property market correction in the next two years is rising, as expected higher interest rates look set to coincide with a large increase in housing supply over 2014-15," Tricia Song, analyst at Barclays...
The Housing and Development Board's 84 units of 3Gen flats have attracted some 300 applications. National Development Minister Khaw Boon Wan revealed this in a blog post on Wednesday evening, saying it is a good start to the new scheme. His comment comes ahead of the closing of the September Build-To-Order (BTO) exercise at midnight. He added that the authorities have deliberately bundled 3Gen...
HDB resale flat prices have fallen for the first time since 2009. This is according to the latest flash estimates released by the Housing and Development Board (HDB) on Tuesday. According to the HDB Resale Price Index, prices fell by 0.7 per cent in the third quarter of this year. The last time resale flat prices dipped was in the first quarter of 2009, when prices dropped by 0.8 per...