Gone are the days when location fundamentally mattered in most private residential purchases. While the recent aggressive bids in Government land tenders for centrally- located suburban sites showed the importance of location and how location still underpins a property's value, home buyers are now increasingly open to properties in more diverse places. There are also many people who have ventured to...
General
Foreign banks are turning up the heat in the mortgage loan war among banks. Compared with their local counterparts, they are offering much more attractive packages. Maybank, HSBC, ANZ and CIMB Bank are some of the foreign banks offering tantalising home loan rates here. Most home loans here are pegged to the Singapore Interbank Offered Rate (SIBOR), which currently stands at 0.44 per cent. For the first...
The development Questa@Dunman is the latest property offering from Hoi Hup Realty. The freehold property, which has a total of 122 units, comes in two blocks of 14 and 19 storeys. Home buyers can choose from several unit sizes, which include 430 sq ft studio apartments, 527 sq ft one-bedroom units with attached guestroom, two-bedroom units from 753 to 936 sq ft, and penthouses sized at 1,345 to 1,647 sq...
China's revenue from the sale of land rights last year totalled 2.9 trillion yuan (S$564 billion), but only 1.6 per cent went towards the construction of low-rental housing units, far below the proportion recommended by the Ministry of Finance, the China Business News reported yesterday, citing its own calculations. China spent 46.3 billion yuan on the construction of low-rental housing units last year,...
To say that Mr Spencer Dodington, an entrepreneur, is passionate about Art Deco design is an understatement. He has devoted years to studying the style, amassed a vast collection of period furniture and started a business renovating pre-war apartments for expatriates. So when he set out to buy and refurbish his own Art Deco home here, he settled for nothing less than perfection. After a two-year search...
Changi Business Park is fast turning into a banking hub with several banks already relocating there to expand and consolidate their operations away from the city centre. Swiss banking group Credit Suisse is joining other banks such as Citi, Standard Chartered and DBS to establish a presence in Changi Business Park. The move comes as the bank consolidates its local operations from several locations as...
Set up showflats that depict the actual units accurately Make available price list Provide more mandatory information on housing projects Provide track record of developers Publish transacted prices Obtain home-buyers' consent for changes to the project Extend controls on advertisements to those on websites Source : Today - 17 Mar...
Greater transparency and more accurate information beckon for prospective home-buyers under proposed changes put up by the Urban Redevelopment Authority (URA) yesterday, which analysts believe could tip the balance of power in the consumer's favour. Under the proposed amendments to the rules governing property developers here, developers will have to share detailed information, including a break-down of...
The proposed changes in the rules that govern Singapore's property developers could dampen sales of small apartment units, according to experts. They said the disclosure of more information could lead to better-informed, and thus also more picky, buyers. They added that the new rules could also spur competition in the industry, leading to superior innovation and more incentives from developers, offering...
With demand for housing looking robust, property developers are now on the hunt for the best land sites money can buy. But small and medium-sized developers said they feel sidelined when it comes to bidding for government land plots. They said the larger property players have a much higher chance of winning the most attractive land parcels, because of their stronger bids. Medium-sized property developer...