The price of resale flats went up in the first quarter of 2011, but Cash-Over-Valuation premiums fell to S$21,000 - a 9 per cent drop from the previous quarter, according to data from the HDB. Observers attribute the lower COV premiums to the government's cooling measures which took effect in the first quarter of this year. Going forward, analysts have mixed views on the outlook for COV...
General
Singapore's private home prices moderated again in the first quarter of this year, growing 2.2 per cent compared with 2.7 per cent in the previous quarter. This is the sixth straight quarter in which growth in private home prices has slowed down. Final data released on Monday by the Urban Redevelopment Authority (URA) also showed that prices of non-landed residential properties rose 1.7 per cent in the...
HDB resale prices increased in the first quarter of this year, albeit at a slower rate, as property cooling measures kicked in. The Resale Price Index increased 1.6 per cent in Q1, compared with 2.5 per cent in the previous quarter. Cash-Over-Valuation premiums dropped nine per cent or S$2,000 to S$21,000 from the previous quarter, with the proportion of resale cases transacting above valuation remaining...
Three residential en bloc sites in prime locations have been put up for sale by their sole marketing agent Knight Frank. The first site is the freehold Dynasty Garden, located on Sixth Avenue in District 10. It has a land area of about 73,300 square feet. Under the 2008 Master Plan, the site is a "three-storey mixed landed". There are currently 33 walk-up apartments with unit sizes ranging from 1,044.1...
The Housing Development Board (HDB) on Monday launched 3,185 new build-to-order flats, forming the largest supply of subsidised housing in a single launch since 2002. The offer consists of 105 units of two-room, 541 units of three-room, 1,797 units of four-room and 742 units of five-room flats. At least 95 percent of the units will be allocated to first-time owners, the HDB said in a statement. Another...
How to shop for a housing loan under today's interest rate, housing conditions? How do you assess your package? How much should you borrow? Following the property cooling measures in January, home buyers have become more cautious in their property search. However, buying interest has remained intact given the strong economic outlook, ample liquidity and low interest rates. With the rising cost of living,...
The luxury residential property sector should be performing quite consistently this year but luxury residential property prices look unlikely to climb to pre-crisis levels anytime soon, according to market-watchers. "Current prices for luxury residential property prices per square feet (psf) are in the S$2,500 to S$4,500 range," said Mr Liang Thow Ming, executive director and head of residential services...
Property group Wing Tai Holdings said its subsidiary Wing Tai China Investment has signed a joint venture agreement to develop a residential project in Guangzhou Knowledge City. The agreement is with Singbridge Guangzhou, a subsidiary of Singbridge International Singapore. Wing Tai will hold a 40 percent stake in the project, which will be developed in phases over five years on a 10-hectare site. With a...
The listing of Malaysia's Axis Global Industrial real estate investment trust (REIT), the world's largest Syariah-compliant REIT, has been pushed back by about a month after two of its Japanese assets were damaged by the March 11 earthquake, according to a source. The source said that the two properties in Iwanuma, which is near Sendai, the worst-hit area in Japan, have been removed from the initial...
The results of a recent survey of tourist destinations released by the Association of Singapore Attractions last week were an eye-opener. In spite of our island city receiving a record 11.6 million visitors last year - due in no small part to the debut of our two integrated resorts - nearly half of the 31 attractions surveyed reported a fall in the number of visitors - by up to 28 per cent in some...