Lush Acres, a new 380-unit executive condominium (EC) project in Sengkang, has received strong interest from home hunters. City Developments says the project has been oversubscribed by 1.6 times since it opened for application over the weekend. Application closes on 21 July and bookings will be conducted on 17 August. In view of new EC guidelines introduced earlier this year, Lush Acres will not...
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City Developments (CDL) will be opening e-applications for its new executive condominium (EC) in Sengkang, Lush Acres, on Saturday. Applications for eligible buyers will be open until July 21, while bookings will be held on August 17. The 380-unit development will offer a range of three to five bedroom apartments. The condominium will also feature a small hydroponics farm for residents to grow...
Ecopolitan, the latest executive condominium in Punggol, has attracted more than 1,000 applications for its 512 units at the close of e-applications on Sunday. This is the highest number of applications received this year for an EC. The eight-block residential development, located along Punggol Way and Punggol Walk, is the first project to be affected by new EC development rules. Ecopolitan features...
With the drop in resale flat transactions, the number of units with high Cash-over-Valuations (COVs) has fallen too. According to data from the Singapore Real Estate Exchange, in the first quarter of 2013, there were 56 flats with COVs exceeding S$100,000. The figure dropped some 20 per cent to 44 in the second quarter. In the first quarter, the top five towns with most flats commanding COV values...
Cash-over-valuation (COV) premiums for Housing and Development Board (HDB) resale flats have fallen to the lowest level in more than two years as the latest property cooling measures continued to work their way through the market. The median overall COV fell to S$24,000 in June, down S$3,000 or 11.1 per cent from the previous month, according to the Residential Property Flash Report released yesterday...
Ecopolitan, the latest executive condominium in Punggol, has attracted more than 650 applications for its 512 units since applications were opened last Friday. The eight-block residential development, located along Punggol Way and Punggol Walk, is the first project to be affected by new EC development rules. It is developed by China-based Qingjian Realty (South Pacific) Group. The company's...
The Housing & Development Board's (HDB) flash estimate of the Resale Price Index (RPI) showed that resale prices rose moderately by 0.5 per cent in the second quarter of 2013 over the first quarter. The RPI for the second quarter 2013 is 206.5. In the first quarter 2013, the RPI was 205.5 HDB said this is the lowest quarter-on-quarter RPI growth since the first quarter of 2009. HDB will release...
Prospective home buyers can apply for a unit at Ecopolitan, a new executive condominium (EC) project in Punggol from June 28. But don't expect to see any private roof terraces or super-sized units. The 512-unit development is the first project that's affected by new EC guidelines introduced by the government in January this year. China-based property developer Qingjian Realty is set to roll out...
National Development Minister Khaw Boon Wan said the government has taken steps to help low-income tenants of rental flats who see their pay rises eaten up by a rental increase. In his blog, Mr Khaw explained how the government has helped those affected by this so-called "cliff effect" when they cross the income tier. Rentals are based on household income. Those who earn less are subsidised more and...
The overall median cash-over-valuation (COV) for resale HDB flats last month was the lowest in 10 months, with analysts saying it could drop further. The overall median COV dropped by S$4,000 to reach S$26,000 in May, the lowest level since last July. Resale prices also showed signs of stabilising and were down 0.1 per cent, according to data from major property agencies compiled by the Singapore...