Demand for private residential properties in Singapore rebounded in July, according to data released by the Urban Redevelopment Authority (URA). Figures showed that excluding Executive Condominiums (ECs), sales of private properties rose to 1,943 units last month, up nearly 42 per cent from June. Three out of the top four best selling projects were located in the suburban areas. They were Parc Centros...
singapore property
UP@Robertson Quay is set to define a new standard of riverside living in the city. It is the ideal setting for your intimate but purposeful life space. Where you have the privilege of choosing the layout that fits the lifestyle you want – to live, work and play. 70 luxurious apartments located in prestigious District 9 with selected units featuring up to 7.2m floor-to-floor heights, private timber pool...
Longer mortgage tenures could have adverse implications for the property market, borrowers and banks if it becomes more widespread. Deputy Prime Minister Tharman Shanmugaratnam gave the assessment in a written reply to Parliament on Monday. He added that the government will continue to closely monitor the property market. Stretching a home loan out over 50 years does translate to a lower monthly...
Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said longer mortgage tenures have implications for the property market. In a written reply to parliamentary questions, Mr Tharman said they give buyers the impression of improved housing affordability. He said the reality is that of a larger long term debt service burden. United Overseas Bank drew controversy when it launched a new...
One Dusun Residences is an iconic freehold mix development standing 29 storeys high, integrated with a 2-storey retail mall hosting a wide array of F&B outlets and retail shops. Located at 1 Jalan Dusun off Balestier Road, One Dusun Residences is easily accessible to expressways (CTE, PIE) & Novena MRT. It is within 5 minutes drive away to Novena & Orchard shopping belt which offers residents...
For the last three years, the trend in Singapore's residential property market has been virtually one-directional: Up. Despite the Government's repeated efforts to cool the market, home prices have remained resilient and recently hit new highs. It is not hard to see why. Population growth has been on an uptrend, there has been a housing shortage for years, and borrowing rates are currently low. I have...
Sentiment for the property development industry in Singapore has improved marginally in the second quarter. This according to the latest survey jointly developed by the Real Estate Developers' Association of Singapore (REDAS) and the NUS Department of Real Estate. According to the Real Estate Sentiment Index (RESI), the outlook for Singapore's real estate market is showing a modest improvement compared...
Despite concerns over the eurozone debt problems, Singapore saw buoyant purchase demand from investors and home buyers in the second quarter of 2012. According to DTZ Research, real estate investment rose 48 per cent quarter-on-quarter to S$6.9 billion in the second quarter, lifted by an increase in both domestic and cross border investments. Whilst government land sales (GLS) contributed to 43 per cent...
With suburban housing prices hitting new highs, markets awash with liquidity and banks introducing longer home loan tenors, I believe it is inevitable that another round of cooling measures will be introduced simply to keep potential price increases in check. In my commentary in Today last week ("Is the glass half empty or half full?" July 27), I said you could choose to interpret the findings of the...
In the private residential market, developer sales continued to slow down in June, when only 1,371 new homes were sold. The Urban Redevelopment Authority's (URA) price index for the second quarter also showed that prices of uncompleted non-landed private homes fell by 0.9 per cent from the previous quarter, while those for completed non-landed private homes increased by 2.3 per cent. The slowdown in...