More first-time flat buyers have received help from the government's Additional Housing Grant. Currently, seven in 10 first-timers are beneficiaries, up from three in 10 when the scheme was started in 2006. One couple who have benefited are Sherman Pun and his girlfriend. As of April, they're among over 32,600 households to benefit from the scheme which has disbursed some S$584 million. The grant was...
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Property developer Cheung Kong (Holdings) Ltd has announced an advance VIP preview of Thomson Grand. After receiving more than 1,000 enquiries from potential local and foreign buyers, the developer has released 50 units for sale during the VIP preview. “We will closely monitor the market response and consider to offering additional units for sale, albeit at an increased selling price, after the first...
It is not a trade secret and developers have long been aware of this. Except for the buyers it seems, or most of them anyway. A home purchase, especially by potential owner occupiers, is almost always an emotional buy. This notwithstanding the fact that it is more likely than not the purchaser's largest single amount he will spend in his entire life. It is an irony because this is the time when buyers...
Investment sentiment in the Singapore property market remains positive but there are few core assets for sale, according to property consultants DTZ Research. It found that investment in properties held firm in the second quarter, with S$8.3 billion of value transacted, higher than the S$8 billion worth of transactions recorded in the first quarter. On a year-on-year basis, DTZ said investment sales in...
There is growing interest among Singaporeans in investing in residential properties outside the country following the fourth round of property market cooling measures announced in January. The measures include increasing the holding period for the imposition of seller's stamp duty to four years and lowering the loan-to-value-limit to 60 per cent on second and subsequent mortgages. With a bullish...
Mapletree Logistics on Thursday said it has successfully divested a property located at 39 Tampines Street 92. In a stock exchange filing, Mapletree Logistics said the property was sold for S$14.7 million. Around S$13.8 million of this will be redeployed to partially fund the acquisition of Jian Huang Building 1. That amount is equivalent to the original acquisition cost of the property. The company...
Investment sentiment in the Singapore property market remains positive but there are few core assets for sale. That's according to property consultants DTZ Research. It found that investment in properties held firm in the second quarter, with S$8.3 billion of value transacted. That's higher than the S$8 billion of transactions recorded in the first quarter. On a year-on-year basis, DTZ said investment...
A tender for a land site to build a Executive Condominium (EC) at the junction of Punggol Way and Punggol Field has received only three bids. This is according to provisional results released by the Housing and Development Board. The highest bid was at S$219.47 million, from FCL Tampines Court and Keong Hong Construction. This works out to S$270 per square foot per plot ratio for the site. According to...
Property consultancy firm Savills is expecting 10,000 new homes to be launched in the second half of the year, according to the company’s latest report. The projects will primarily come from the Government Land Sales (GLS) programme, with most of the homes aimed at the mass market segment. Savills noted that this year’s supply of new private homes will surpass 2010’s 18,000 new homes, according to...
Most indicators are pointing to a gradual moderation in the property market here, but latest figures showing a 1.4 per cent month-on-month growth in home loans have some analysts wondering if the outlook is quite so clear cut. Latest figures from the Monetary Authority of Singapore showed that building and construction loan growth in May fell 13 per cent month-on-month to S$59 billion. New private home...