Property analysts on Wednesday said the government's latest measures aimed at the public housing resale market will boost leasing activity. However, they are unlikely to affect the private residential market significantly in the coming months. The new rules bar new permanent residents (PRs) from buying HDB resale flats till three years after they have obtained their permanent residential status in...
singapore property
Mass-market new private residential units are proving to be more popular among Singaporeans. And many are buying them for investment purposes rather than to stay in, says an analyst. From January to May this year, the number of new private residential units sold in Singapore was 8,247 - about twice the number of resale private residential units sold. For new private residential units outside the...
Leasing demand in Singapore is up, despite some curbs on the issuance of employment passes. This is according to property consultancy Savills. Savills said the greater leasing demand is driven by an increasing number of overseas nationals who are here on a short-term project basis of between six months and a year, as well as the rising number of newly-wed couples waiting for their homes to be...
The rapid transformation of the political environment in Myanmar has spurred an even more rapid surge in economic activity and the serviced apartment sector will continue to benefit from the influx of new businesses because of a scarcity of quality housing for expatriate businessman and professionals. According to the Asian Development Bank (ADB), Myanmar’s economy grew by 6.3 per cent last year,...
74 per cent of Singapore home buyers are delaying their property purchases, and 59 per cent of the respondents surveyed are confident prices will not decline. According to a recent survey conducted by property website iProperty Group, 60 per cent of the Singapore respondents have called for additional cooling measures. This compares to 27 per cent who do not want further cooling measures. The portal...
Sales of new private homes in Singapore plunged in July. Figures from the Urban Redevelopment Authority show that just 481 units of new homes were sold last month, down 73 percent from June. 1,806 units were sold in June. Market watchers had anticipated the sharp drop in sales transactions on the back of new loan curbs introduced on 29 June and the lack of new major project launches in July. The...
Property analysts expect new private home sales in Singapore to likely plunge by some 63 percent in July. And they say the sharp drop in sales volume is partly due to new property loan restrictions implemented on June 29. Two projects - J-Gateway and Jewel@Buangkok - accounted for more than half of the 1,806 new homes sold in June. But sales in July are expected to weaken considerably. Based...
The Population White Paper released earlier this year drew public ire with its projection that the population in Singapore could reach 6.9 million by 2030, a figure that most agree would put a tighter squeeze on resources in an already crowded city. While it brought demographic challenges into the spotlight, the White Paper stoked an underlying concern which resonated among many Singaporeans: The price...
The Glades – a highly anticipated new launch by Keppel Land and China Vanke is located just within minutes walk away from the Tanah Merah MRT station. The development is also connected seamlessly to other parts of Singapore via major expressways like the Pan Island Expressway (PIE), East Coast Parkway (ECP) expressway and Tampines Expressway (TPE). Surrounded by host of retails and service amenities and...
The Tembusu – an exclusive residence that is the perfect synergy of exquisite living, convenience and modern ambiance. The project is just minutes away to Kovan MRT station. Residents will find it a breeze to zip around with well-connected roads and easy access to three major expressways – the TPE, CTE and PIE. Designed by multiple award-winning architects Arc Studio Architecture + Urbanism, the...