Prices of HDB resale flats rose almost 14 per cent last year following a moderate 2.4 per cent increase in the three months to December. The latest quarterly increase was about half the pace of the four per cent increase seen in the three months to September. The resale volume also declined by about 21 per cent in the last quarter, to about 6,500 transactions logged. Meanwhile, the cash that property...
General
Some non-registered property agents have been approaching registered agents to transact deals illegally It has not been a Happy New Year for Mr Lim, a property agent who was poised to close two deals - a $300,000 sale of a Housing and Development Board (HDB) flat and the rental of another unit with a lease of $2,400 a month. However, the 35-year-old found out last week that his registration has not been...
Local websites cashing in on the red-hot real estate market The strong property market in Singapore has now moved beyond real estate and spread into virtual space. Rising demand for property has spawned several online property portals, which offer their visitors thousands of property listings to help them buy their desired homes. While most Internet start-ups would be dependent on online advertisement...
The collective sale market has had a mixed 2010 but two trends have emerged - prime areas are losing favour, while small plots are big hits with developers. While there has been plenty of action - more than 30 deals were completed totalling about $1.7 billion - almost half the sites up for grabs through tender are still unsold, with many of those in prime spots. The focus has shifted from prime areas...
The Clementi Mall is on track to obtain its first temporary occupancy permit early next month and its second in mid-March, according to Singapore Press Holdings (SPH). Shoppers can look forward to having a new department store next year, with BHG opening its fifth Singapore outlet at The Clementi Mall. The store will open 'within the next couple of months', said SPH. SPH's unit Times Properties has a 60...
HDB resale flats prices are still rising despite the falling cash premiums demanded by sellers. Data obtained by The Straits Times from three major property agencies showed overall median prices climbing across almost all flat types in November, compared to HDB's latest third quarter statistics. This is despite Government measures introduced on Aug 30 to cool Singapore's red-hot public housing market,...
Singapore-listed real estate investment trusts (Reits) are shaping up to be among the top choices for investors in the new year. Thanks to the improved economy and low interest rates, Reits have refinanced their debt and made aggressive acquisitions this year. Their overall business has also strengthened on the back of rebounding rental rates. The FTSE ST Reits index, which measures the value of 17...
Loft @ Holland is a freehold development located at prime District 10 of Singapore. It is minutes walk away from Holland Village MRT and the well-liked Holland Village. Loft @ Holland is close to a few top & prestigious schools, including National University of Singapore (NUS), Singapore Poly, Ngee Ann Poly and etc. It is just minutes drive away from Orchard Shopping Belt, VivoCity Mall, Resorts World...
Singapore has emerged last in a Gallup poll of 128 countries on housing. The global survey by the renowned research firm centred on unaffordable housing. It polled 1,000 or more respondents in each country for the survey and posed this question: Have there been times in the past 12 months when you did not have enough money to provide adequate shelter or housing for you and your family? Only 1 per cent...
Asia-Pacific markets led the patchy recovery in home prices in the third quarter with an average increase of 9.9 percent, based on the global house price index by Knight Frank. For the first time since 2008, prices in all six world regions tracked by Knight Frank saw increases in Q3. Asia-Pacific markets topped the list of gainers, while European markets were at the bottom of the list with only a 0.8...