A condominium that saw a spike in transactions in the first week of August was the 910-unit freehold City Square Residences, completed early last year. Located along Kitchener Road, it’s right next door to the newly opened City Square Mall and the Farrer Park MRT station. Across the street is the 24-hour Mustafa Centre, a popular shopping mall with locals and tourists. City Square Residences comprises...
Market Reports
The government said Monday that it will increase the holding period for imposition of Seller's Stamp Duty (SSD). The SSD will be raised from the current one year to three years. Another measure will impact those who have more than one outstanding housing loan. Property buyers who already have one or more outstanding housing loans at the time of the new housing purchase will have to pay more money...
Latest measures by Singapore to cool housing market expected to result in lower sales volume in short term, but won’t have significant impact on home prices, says Citigroup, according to Dow Jones. “With the wide spread between rental yields of mass-market properties at above 4% and mortgage rates as low as 1%, such properties remain a highly attractive investment vehicle for many seeking higher...
1 The Government announced today the following measures to maintain a stable and sustainable property market: Increase the holding period for imposition of Seller’s Stamp Duty (SSD) from the current one year to three years. For property buyers who already have one or more outstanding housing loans1 at the time of the new housing purchase: Increase the minimum cash payment from 5% to 10% of...
The private residential real estate sector in Singapore is cooling due to a combination of European debt worries, local stock market jitters and increased land supply, according to analysts. The latest report from property consultants DTZ suggests that market activity slowed in May and June due to subdued global outlooks. Primary sales in the second quarter fell by 8% to 4,033 units, as developers slowed...
HOME buyers have snapped up eight units at Waterfront Key and six at Waterfront Gold in the Bedok Reservoir area in the days since last week's news that an MRT station will be built nearby. Developer Frasers Centrepoint Homes said the units have been sold since the Government announced details of Stage 3 of the MRT Downtown Line last Friday. The firm will also officially launch Waterfront Gold this...
DTZ report shows mainland Chinese buyers closing in on Indonesians MORE private home buyers are paying more than $1 million apiece for a property as prices climbed in the past year, a new report from DTZ shows. The consultancy's Q2 2010 residential report also said that the share of transactions involving purchasers with HDB addresses has stabilised at around the 34-36 per cent mark in the last three...
They form biggest group of foreign purchasers there this year; many snap up landed homes BUYERS from China now comprise the largest group of foreign buyers in the exclusive residential enclave of Sentosa Cove. In the first half of this year, Chinese buyers accounted for nearly a third of all foreign buyers - well up from 18 per cent for all of last year and just 7 per cent in 2008, according to a new DTZ...
Developers wary of looming market uncertainties: Wing Tai boss DEVELOPERS are fast-tracking mass market properties in order to take profits sooner rather than later, a leading local developer said yesterday. These firms fear looming property market uncertainty, said Wing Tai Holdings chairman Cheng Wai Keung. With government cooling measures taking hold, developers believe it is better to take a bet on...
MORE than 80 per cent of the 144 residential units in Oxley Holdings' Viva Vista were snapped up during the project's preview yesterday - indicating that there is still strong demand for small, or shoebox, apartments. The sizes of the units in the project along South Buona Vista Road range from 323 sq ft to 1,076 sq ft, with the bulk being just shy of 400 sq ft. Oxley Holdings said that the average...