The Government Land Sales (GLS) programme for the second half of this year, released on Tuesday, appears to go against the recent tide of market signals of increased demand from developers. Although the overall land supply remains more or less the same, there was a reduction of about 14 per cent from the previous half-yearly plan for sites under the Confirmed List in terms of the number of homes that...
General
Many new private condominium projects are due to be completed this year, and some analysts expect more investors who have bought these units to start selling them, as private home prices are at an all-time high. Property consultancy Colliers International adds that it is probably a good idea to do so sooner rather than later. Home prices have been climbing in recent years. For example, those who...
A 106-year-old bungalow in Holland Road is being put up for tender after being vacant for more than a decade, with a guide rent of S$50,400 a month. The two-storey black and white bungalow at Gallop Road used to be the residence of a French Ambassador, but is now a state building managed by the Singapore Land Authority. The 150,000-square-feet property has four bedrooms, three maid’s rooms and is a...
Ecopolitan, the latest executive condominium in Punggol, has attracted more than 650 applications for its 512 units since applications were opened last Friday. The eight-block residential development, located along Punggol Way and Punggol Walk, is the first project to be affected by new EC development rules. It is developed by China-based Qingjian Realty (South Pacific) Group. The company's...
Private residential property prices rose 0.8 per cent on-quarter in the second quarter of 2013. This is according to the flash estimate of the price index for private residential property for the second quarter of 2013 released by the Urban Redevelopment Authority (URA). The private residential property index rose 1.7 points from 213.2 points in 1st quarter 2013 to 214.9 points in 2nd quarter...
The Housing & Development Board's (HDB) flash estimate of the Resale Price Index (RPI) showed that resale prices rose moderately by 0.5 per cent in the second quarter of 2013 over the first quarter. The RPI for the second quarter 2013 is 206.5. In the first quarter 2013, the RPI was 205.5 HDB said this is the lowest quarter-on-quarter RPI growth since the first quarter of 2009. HDB will release...
Jurong’s transformation from a standard suburb into an increasingly desirable place in which to live will be tested this weekend with the launch of the relatively upscale J Gateway condominium. At between S$1,450 and S$1,650 per square foot, the development is priced much higher than most suburban condominiums, which are often launched at less than $1,000 psf. However, despite its relatively hefty...
Property analysts said the new property loan curbs could cause housing demand to drop by up to 15 per cent over the next few months. On Friday evening, Singapore's central bank introduced a Total Debt Servicing Ratio (TDSR) framework and tighter Loan-to-Value (LTV) limits on housing loans. Analysts said these new rules, which take effect on Saturday, will hit property investors the...
Resale prices of private homes in Singapore dipped 0.2 per cent in May, compared to the previous month's 1.9 per cent price increase. The fall was mainly due to price declines in non-central and small units. This is according to the latest Singapore Residential Price Index (SRPI) flash estimates published by the Institute of Real Estate Studies at the National University of Singapore on...
Jurong Island needs to continuously innovate to remain as the leading petrochemical and trading hub. To ensure this, the government has embarked on the Jurong Island 2.0 initiative. This was according to Trade and Industry Minister Lim Hng Kiang, who was speaking at a gala dinner to celebrate Vopak Terminals’ 30th anniversary on Friday. Under the new plan, Mr Lim said the government will work...