The current low interest rate environment has led to a trend of home buyers refinancing their loans to take advantage of promotional rates. Most analysts agree that it may no longer be attractive for investors with longer loan terms to do so, given the 35-year cap on new home loans. Most home buyers refinance their mortgages in the third or fourth year of their loan repayment period. This as interest...
real-estate
The Republic's real-estate investment trusts (REITs) could be a better bet in the coming months for investors looking for exposure to the property sector but are nervous about the possibility of more cooling measures, according to some analysts. "In view of the impact of cooling measures, we believe investors will remain defensive with stock picks towards the year-end. That's why for the fourth quarter,...
Katong Park Towers, a 99-year leasehold condominium in Arthur Road, has been put up for collective sale with an indicative price range of S$330 million to S$340 million, sole marketing agent DTZ Debenham Tie Leung said yesterday. According to the Master Plan 2008, the 140,758 sq ft site has a plot ratio of 2.1 and can be developed into a 24-storey condominium project with a maximum gross floor area of...
Shares of Singapore property developers posted sharp falls yesterday as the market gave its first reaction to the tighter rules on home loans brought in by the Government to help curb the continued upward pressure on residential prices. CapitaLand fell 3.3 per cent, City Developments dropped 2.3 per cent and Keppel Land lost 1.7 per cent. The Straits Times Index lost 1 per cent. Analysts said there was...
The Hillier, a 528-unit development in Upper Bukit Timah by Far East SOHO has seen brisk sales, with 96 percent of units already sold. Launched in January, The Hillier comprises two towers of SOHO apartments and an adjoining two-storey retail podium called HillV2. According to Far East Organization, only 21 available units are left. “Integrated developments and trans-urban locales have become...
Property investment has become so attractive to so many people here, it seems, that it may actually have reached the point where it is increasing risk and crowding out other investments that could be better for the Singapore economy. In many countries, income from investment in residential property is a blip in overall economic indicators and a small percentage of GDP. Deutsche Bank noted in its Real...
The Monetary Authority of Singapore (MAS) will restrict the tenure of loans granted by financial institutions for the purchase of residential properties, effective from 6 October. MAS' move is part of the government's broader aim of avoiding a price bubble and fostering long-term stability in the property market. The new rules impose an absolute limit of 35 years on the tenure of all loans for...
Resale prices of private non-landed homes rose strongly by 3.2 per cent in the third quarter, according to flash estimates put out by the Singapore Real Estate Exchange (SRX). SRX compiles data from 11 top property agencies in Singapore. It said non-landed private resale home prices hit a historic high of S$1,156 per square foot in Q3. This gain is led by a 2.5 per cent on-month increase in prices in...
Large flats in mature estates have proven to be the most popular among potential home buyers in HDB's latest Build-to-Order (BTO) exercise. As at 5pm, 8,776 applications have been received for 3,428 units offered, excluding studio apartments. Each four-room unit in Tampines Greenlace received about 3.3 applications from first-timers. Likewise, in Ang Mo Kio's Cheng San Court, each four-room unit had...
Notting Hill London, the private development division of Notting Hill Housing Group, one of London’s most experienced and successful housing associations, is today launching Folio, a new development located on Micawber Street in London’s vibrant City fringes, adjacent to the burgeoning government supported ‘Silicon Roundabout’ area, which is attracting technology and creative firms. Located...