If you are a HDB owner looking to upgrade to a private property, wait a little longer before signing on the dotted line. This was the advice from Minister for National Development Mah Bow Tan. 'Housing prices are rather high now... if you wait for a while, you might find more affordable properties,' Mr Mah was quoted in an interview published in the Chinese daily Lianhe Wanbao. Mr Mah expects interest...
singapore property
The Monetary Authority of Singapore's (MAS) proposed new regulations to tighten mortgage equity withdrawal loans (MWL) should have little impact on the property market if they are eventually introduced. Market players, who include mortgage loans brokers, said this is because most buyers who aim to cash out on the value of their homes are not the average home owners or property investors. Instead, they -...
Interest in apartments at the 1,111-unit The Sail @ Marina Bay revived last month, with four units changing hands between Dec 21 and 28 at prices ranging from $1,899 to $2,990 psf. Eric Tay, an agent with PropNex who specialises in residential projects in the Marina Bay area, attributes the return of interest to the “spillover effect” from the strong take-up rate at the VIP preview of Robinson Suites...
The 99-year-leasehold Blue Horizon condominium by Far East Organization, located along West Coast Crescent, has seen resale prices heading north since the launch of The Vision right next door. Developed by Cheung Kong (Holdings), The Vision is fully sold and has set a new price benchmark in the West Coast neighbourhood, with transactions crossing the $1,000 psf threshold and penthouses hitting a high of...
My Manhattan is located amidst amenities like the Simei MRT station and Eastpoint shopping mall, all within walking distance. The development is well-connected to the Changi International Airport and the Central Business District, each not more than 15 minutes away (via the PIE and ECP expressways). My Manhattan links you to outdoor nature of the sun, sand and sea at East Coast Park through Simei Park...
In a year fuelled by strong liquidity and economic growth, bungalows were the stars that led the surge in the Singapore property market in 2010. Data from URA shows that its price index for landed homes climbed 30.8 per cent last year. The sub-index for detached houses, or bungalows, soared 37.6 per cent against a 5.6 per cent rise in 2009. The index for non-landed private homes rose 14 per cent last...
Almost half of the estimated 8,430 new private homes that are slated to be completed in 2011 will be in the upmarket core central region, according to the Urban Redevelopment Authority (URA). URA has been surveying developers more closely over the last few months in a bid to compile more accurate pipeline supply figures. The agency computes the estimated supply of private housing units in the pipeline...
Private home prices rose by less than 1 per cent last month from the previous month, according to the latest National University of Singapore (NUS) Singapore Residential Price Index. The Singapore Residential Price Index (SRPI) for all properties grew 0.9 per cent month-on-month to 155.5 points. Suburban home prices grew the most, with month-on-month growth coming in at 2.2 per cent to reach 154.8....
Prices of HDB resale flats rose by 2.5 per cent in the last three months of 2010, the lowest quarterly growth for the year. This brings the full year's price increase to 14.1 per cent. According to the latest housing data released by HDB, the total number of resale transactions fell to about 32,260 last year, a 13 per cent drop from 2009. The median cash-over-valuation (COV) fell to S$23,000 in the...
Home prices grew only 1 per cent on-month, according to the National University of Singapore (NUS) Singapore Residential Price Index (SRPI) for December 2010. The Singapore Residential Price Index for all properties grew 0.9 per cent on-month to 155.5 points, compared to 154.1 in November 2010. Suburban home prices grew the most, with on-month growth coming in at 2.2 per cent to reach 154.8, compared to...