Demand for private homes in Singapore has been robust since 2009, pushing home prices to record high. To curb price increase, the government has implemented seven rounds of property market cooling measures since September 2009. Real estate consultancy Savills said home prices would have gone up by an additional 9.2 per cent in 2012 over 2009 if not for these measures. Speaking at an industry...
General
The demand for Build-To-Order (BTO) two-room flats for eligible singles launched on Tuesday is high, with the number of applicants being much more than the number of flats available. As at 9am on Wednesday, the application rate is 15.1 for two-room flats in Sengkang and Fernvale Riverwalk. There were 1225 applicants for 231 units. As for two-room flats in the non-mature towns of Yishun and Vine...
The tender for three executive condominium housing development sites closed on Tuesday with the land parcel at Yuan Ching Road drawing a whopping 16 bids. This is the highest number of bids for an executive condominium site in 16 years. Meanwhile, the land parcels at Punggol Central and Punggol Drive drew eight and six bids respectively. The top bid for the Yuan Ching Road site came from a...
Developer Soilbuild Group Holdings is looking to raise as much as S$643 million in an initial public offering (IPO) of its industrial and business properties. Soilbuild Business Space REIT (Soilbuild REIT) will be offering 586.5 million units at an indicative price range of 77 cents to 80 cents per unit, according to a preliminary prospectus filed with the Monetary Authority of Singapore (MAS). 499...
National Development Minister Khaw Boon Wan is assured that Singapore is on the right track for its public housing programme. He said this in a posting on his Facebook page on Tuesday evening. Mr Khaw noted that as the Housing and Development Board (HDB) launched its latest Build-To-Order exercise on Tuesday. HDB also announced housing grants of up to S$60,000 for two-room flats. With the...
4,079 new flats for families and singles are on offer in the Housing and Development Board's (HDB) Build-To-Order (BTO) exercise this month. 3,861 flats are up for sale in Bukit Merah, Sengkang, and Yishun. A total of 519 new two-room flats in Sengkang and Yishun will be offered in this BTO exercise. 301 units are in new BTO projects, and another 218 units from previous BTO...
Up to one third of the 519 new 2-room flats on sale under the latest Housing and Development Board (HDB) sales exercise have been set aside for singles. This is the first time singles are able to buy a new flat directly from the government. And with all housing grants added in, the selling price could start from S$16,000. The 2-room flats are in Sengkang and Yishun. All in, the HDB is offering...
Resale prices of private homes slipped 0.4 per cent in June from May, the second straight month of declines. In May, resale home prices edged 0.2 per cent lower from a month earlier. The price dip in June was largely due to price falls in the central region and small units, according to the latest Singapore Residential Price Index (SRPI) flash estimates published by the National University of...
Thousands took to the streets earlier in Hong Kong this month to protest against the government's recent property tax hikes. Made up mainly of property agents and disgruntled home-buyers, they are angry at the government for doubling the stamp duty on property transactions since February to around 5.5 per cent. Protest organiser Raymond Ho argued the cooling measures are hitting the innocent. Ho...
JTC has unveiled a next-generation standard factory targeted at small and medium enterprises (SMEs) in the manufacturing sector. About 40 per cent of the 18 units available have been taken up within the first year of the project's completion. Known as Small Footprint Standard Factories, these three-storey units make more intensive use of land, thereby reducing land cost. The government said it...