The government has been ramping up housing supply in recent years, particularly in the north-eastern part of Singapore and some analysts said there is room for more commercial developments to meet the needs of the growing population. According to the Urban Redevelopment Authority (URA) and the Housing and Development Board (HDB), a total of 44,868 residential units will be completed in Sengkang and...
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Prices of private resale homes dropped 0.3 per cent in December from November. This is according to the latest Singapore Residential Price Index (SRPI), which tracks prices of completed private apartments and condominiums. The SRPI data is published by the Institute of Real Estate Studies at National University of Singapore (NUS). Analysts said the drop may be due to lower transactions during the school...
Jan 24, 2013 - PropertyGuru.com.sg table_add Comment email_go E-mail to friend share Bookmark & Share By Romesh Navaratnarajah: The government recently announced a steady supply of residential units in the next four years that will provide more housing options for Singaporeans. In his blog post last week, National Development Minister Khaw Boon Wan said around 200,000 new homes comprising...
The Mount Sophia/Wilkie Road enclave is fast becoming a new property hotspot, mainly due to its central location and availability of city amenities. At the same time, more developers are purchasing land parcels in the area for redevelopment purposes. Recently, established player Roxy-Pacific Holdings acquired a 9,324 sq ft freehold site at 13/15 Wilkie Terrace, off Dhoby Ghaut/Selegie Road for S$24.5...
In the immediate aftermath of the announcement of the Government’s most sweeping property cooling measures to date, property stocks plummeted as analysts said the impact on demand could be severe with a possible double-digit drop in sales of private residential units. But as the panic gradually settles, a snapshot of the market suggests that buyer sentiment may still be on the positive side, and the...
Three new high-end residential projects in the prime Orchard Boulevard area are expected to be completed over the next two years. They include luxury development 21 AngulliaPark - a Hong Kong-based China Sonangol's first Singapore property project. TwentyOne AngulliaPark and [email protected] Boulevard are expected to receive their temporary occupancy permits at around end 2013 and Boulevard Vue at around...
Private home prices rose 1.8 per cent in the fourth quarter of 2012, compared to a 0.6 per cent increase in the previous quarter. But for the whole year of 2012, prices of private residential properties increased by 2.8 per cent, a smaller rise compared to the 5.9 per cent growth recorded in 2011. The Urban Redevelopment Authority (URA) on Friday said that prices of non-landed properties outside the...
The resale price for HDB flats reached record high in fourth quarter of 2012 but the price increases for the year were slower compared with the previous year. The HDB's Resale Price Index (RPI) rose to 202.9 in the fourth quarter, an increase of 2.5 per cent over the previous quarter. The Housing and Development Board said on Friday that this is the same as the flash estimate released on January 2 this...
The cash premiums for HDB resale flats continued to hover in the high range in the fourth quarter of 2012 in some popular estates. Data released by the Housing and Development Board on Friday showed that the median Cash-Over-Valuation (COV) for a three-room flat in Queenstown stood at S$30,000 and S$65,900 for a four-room flat. In Bishan, the median COV for a four-room flat touched S$50,000, while that...
While the latest round of property market cooling measures is likely to hit housing demand significantly, developers are expected to bid actively for the sites on the Government Land Sales programme (GLS) for the first half of this year, as most are situated in good locations. Two days before the Jan 11 announcement of property curbs, the Urban Redevelopment Authority awarded the first GLS site for this...