A scheme that gives priority allocation for new HDB flats to first-timer married couples with a citizen child below the age of 16, will be extended to pregnant mothers from May this year. The Parenthood Priority Scheme will also be extended to couples who are married but without children, sometime next year. National Development Minister Khaw Boon Wan, who announced the new housing measures in Parliament...
General
Resale prices of private non-landed homes increased 2.7 per cent in February when compared with January 2013, according to flash estimates put out by the Singapore Real Estate Exchange (SRX). SRX compiles data from 11 top property agencies in Singapore. Leading the rise were properties in the suburbs. Resale prices of non-landed private homes in those areas rose surged 5.1 per cent on-month to an average...
New home sales in January were robust despite the introduction of yet another round of property market cooling measures that month, with developers selling a total of 2,013 private residential units, excluding executive condominiums (ECs), representing a hefty 43 per cent surge from the previous month. The strong sales performance was due partly to attractive pricing and other incentives in the aftermath...
Iskandar Malaysia in Johor has been attracting wide media attention of late, with interest peaking in the middle of last month, when the Prime Ministers of Singapore and Malaysia officiated at the launch of several joint projects undertaken by the private sector of both countries. After seven long years and several false starts since it was launched in 2006, is Iskandar finally taking off? Many Singapore...
If the stellar performance of Mapletree Greater China Commercial Trust on its trading debut was anything to go by, experts say real estate investment trusts (REITs) will continue to be popular investment vehicles in Singapore. They add that Singapore's strong currency and diversified offerings are among the sector's biggest draws. REITs provide annual returns ranging from 2% to 6% - higher than placing...
More five-room resale flats have been sold above the S$900,000-mark, especially in estates like Redhill, Queenstown, Toa Payoh and Marine Parade. A 10-year-old flat measuring 1,184 square feet at Block 23 Jalan Membina, near Tiong Bahru MRT station, was sold for S$945,000. This means that its price of S$800 per square foot is similar to suburban executive condominiums but half the price of private...
Mapletree Greater China Commercial Trust (MGCCT) - Singapore's largest share sale in two years - jumped by as much as 12.4 per cent on its trading debut on Thursday. The REIT, the fourth sponsored by Mapletree Investments, opened at S$1.02 and closed the session at S$1.03 - some 10.7 per cent higher than its initial public offering price of S$0.93 per unit. The REIT was nearly 30 times oversubscribed and...
Big institutional investors have been actively buying up properties across the region. Property investments by pension, insurance and sovereign wealth funds have doubled over the last two years. And some of these investments have spilled over into the Singapore property market. Property sales for investment purposes hit S$31.45 billion in Singapore last year. These include purchases of government land,...
Ultra Mansion, a freehold residential development near Novena MRT station in prime District 11 has been sold through a collective sale for S$149.130 million, in a deal brokered by Cushman & Wakefield (C&W). “The sale of Ultra Mansion following the recent round of cooling measures illustrates the attractiveness of Singapore’s residential real estate market for investment. Residential units in...
Real estate group Top Global has made a 10 to 15 per cent downward adjustment to the prices of its two soon-to-be-launched condominiums in response to the recent slew of property cooling measures, and further changes may be made according to demand. The freehold residential developments — R Maison and E Maison — are situated at Braddell Road and Somerville Walk, and are targeted at mid- to high-income...