More property owners are looking to cash in on their homes near the Circle Line train network, even as the property market powers on. Property experts said that there has been a 10- to 20-per-cent rise in interest in selling such properties since the 11 new Circle Line stations opened on April 17. Dennis Wee Properties, for instance, has seen sales interest increase 20 per cent over the past two...
General
POSB's HDB home loans can now be secured within an hour, the bank said yesterday, in a move to improve efficiency and convenience for its customers. With the 60-minute Promise, customers who apply for HDB home loans can complete and return the required documents via email or fax between 9am and 3pm from Monday to Friday. When the application is received and deemed satisfactory, the customer will receive...
There has been strong demand for the latest two Build-to-Order (BTO) projects in Punggol. Figures from the Housing and Development Board's website show there were six times more applicants than the number of units on offer at Punggol Waves and Punggol Emerald. And applicants are going for the bigger flats. Up to 5pm yesterday, there were 4,648 applicants for the 609 four-room flats. The five-room units...
China's moves to rein in soaring real estate prices appear to be cooling demand in the red-hot sector, reducing the risk of the market overheating and derailing the booming economy, analysts say. In the past two weeks, the government has introduced a range of measures aimed at curbing rampant speculation and spiralling prices, but analysts warn the rules can be skirted easily by buyers looking to make a...
Real estate agents said more owners are looking to cash in on their homes near the Circle Line train network, even as the property market powers on. They said there has been a 10 to 20 per cent rise in interest in selling those properties since the 11 new Circle Line stations opened on April 17. The Circle Line network moves over 200,000 commuters a day. Market watchers said it's also moving properties...
Residents at Laguna Park condominium in Marine Parade are giving the en bloc sale process a second try. A new 10-member sales committee comprising eight new members has been set up. At an extraordinary general meeting held on Sunday, some residents voiced confidence that a sale can be completed in three to six months, while others reportedly raised concerns about the recent changes in the Land Titles...
The buzz of excitement at the Marina Bay area with the opening of the US$5.5 billion ($7.5 billion) Marina Bay Sands integrated resort (IR) on April 27 is resulting in a pick-up in sales activity at the neighbouring Marina Bay Residences. The 55-storey, 428-unit upscale condominium tower is expected to be completed soon. Prices at the 99-year leasehold high-end condo are fast approaching 2007 peak levels....
Singapore's Housing Development Board (HDB) celebrates its 50th Anniversary this year. And to mark the occasion, the challenges facing Singapore's public housing are documented in a special two-part series. Eight in 10 Singaporeans live in HDB flats. And with changing needs and aspirations, the face of public housing has transformed in the last 50 years. New flats with more modern finishes are being...
Prices of non-landed private homes outside Singapore's prime districts are now growing at a faster rate than prices in the prime districts, according to a new index compiled by the National University of Singapore (NUS). Flash estimates for March released yesterday show that 'non-central' home prices climbed 1.2 per cent last month, taking the first-quarter rise to 4.4 per cent. In contrast, prices in...
While the market mulls over the impact that rule changes will have on collective sales, the spotlight has fallen on developers sitting on prime sites acquired during the previous en bloc boom in 2006-2007. Click here to find out more! If the proposed changes make it tougher for prime freehold residential sites to make their way to the market, that will be good news to developers who are already holding...