The latest Housing and Development Board sales exercise will close at midnight on Wednesday, and singles have shown keen interest. There are about 60 two-room Build-To-Order flats set aside for singles in Punggol. As of 5pm on Tuesday, there are 23.8 singles applying for each available unit. For balance flats, as of 5pm on Tuesday, the most heavily subscribed units are in Hougang, where there are...
General
To provide developers and home-buyers with more choices for private housing, the Urban Redevelopment Authority (URA) has released two residential sites at Upper Serangoon View for sale today. The two land parcels at Upper Serangoon View, which are adjacent to each other and can yield a total of 920 residential units, are launched for sale under the Confirmed List of the 2nd half 2013 Government Land...
Prices of private resale homes rose just 0.1 per cent in August from July -- this is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums. The SRPI data is published by the Institute of Real Estate Studies at National University of Singapore (NUS). Resale prices of private homes in the central area saw the biggest...
Demand from singles for the Housing and Development Board's two-room flats continues to climb ahead of the close of the latest sales launch at midnight on Wednesday. There are about 60 two-room Build-To-Order flats set aside for singles in Punggol. As of 5pm Monday, there were about 21 singles applying for each available unit. There are also 1,137 balance two-room flats from previous BTO exercises...
Property prices in Singapore are expected to hold up firmly in the third quarter this year, despite sales transactions likely to come in lower in the same quarter - by almost half from the second quarter. This is the expectations of analysts ahead of the release of third-quarter property sector flash estimates by the Urban Redevelopment Authority (URA). Save for a few launches like Tembusu in...
JTC Corporation (JTC) launched three sites for sale by public tender on Friday under the industrial government land sales programme. The plots are located at Tai Seng Street and Tuas South Street 6 and 7. When developed, JTC said the 11,780 square metre site at Tai Seng Street will be part of the Paya Lebar iPark. The new industrial park is a pilot project by JTC for small and medium-sized...
The Housing and Development Board (HDB) has said the Tampines Eco Green park at Tampines North will remain untouched for now. This is despite it being zoned as a residential area under the Urban Redevelopment Authority's 2008 Masterplan. Bound by Tampines Avenue 12 and Tampines North with an area of 36.5 hectares, the Eco Green park takes up 15 per cent of the land at Tampines North. Responding to...
Property consultancy Savills said the real estate investment sales market recorded S$13.4 billion worth of deals in the third quarter of 2013, as of September 24 -- that is the highest quarterly transaction value in the the past five years. The sales were partly driven by the divestment of several commercial properties into the SPH Real Estate Investment Trust as well as the OUE Hospitality Trust....
Two-room flats launched at the Housing and Development Board's (HDB) sales exercise on Thursday are drawing a strong response from singles. This is the second time that singles are able to apply for flats directly from the HDB. There are about 60 out of 192 two-room Build-to-Order (BTO) units set aside for singles in Punggol. And as of 5pm, there were 12.2 singles applying for each unit...
Data published by the Singapore Real Estate Exchange (SRX) early this month showed Cash-Over-Valuation (COV) premiums for Housing and Development Board (HDB) resale flats extending their downward trend to hit a four-year low, shining like a beacon of hope to long-suffering buyers. Sentiment towards COVs, often deemed to be an unfair negotiation tactic employed by property sellers for a quick profit,...