With inner-city living becoming increasingly popular, homebuyers and investors will have wider options as more old office buildings are torn down and redeveloped into high-rise residential towers. The 43-storey, 312-unit The Clift developed by Far East Organization (FEO) is expected to be completed next January. Located in the heart of the CBD on McCallum Street, the project is across the road from the...
singapore property
Mass-market segment appear to be most affected WAIT-AND-SEE was the order of the day at showflats over the weekend - the first since measures aimed to cool property speculation were introduced. The mass-market segment appeared to be the most affected, with thinner crowds and fewer sales. At more upmarket properties, there was still some interest among genuine buyers. At The Minton in Lorong Ah Soo, a...
It was the first weekend after the announcement of the new property rules. And home buyers are adopting a cautious wait-and-see approach for now. Of the five showflats MediaCorp visited yesterday, The Greenwich in Seletar Hills was buzzing with activity at noon, even as it entered into the second week of sale of Phase Two. Over at the showflats of Waterfront Gold on Bedok Reservoir Road, as well as...
Here's what the new property rules imply for buyers and sellers Last week's biggest news was the raft of cooling measures that the Government announced on Monday to dampen demand in the sizzling housing market. The curbs are aimed mainly at deterring property speculators and investors - especially those who may be overstretching themselves financially - from dominating the market and pushing up home...
Home buyers have already begun to back-out from planned purchases since new measures to cool the property market kicked in. The early effects of the new measures are emerging as buyers back out of option to purchase (OTP) agreements - especially for HDB flats. Those having second thoughts about home purchases either no longer qualify for an 80 per cent loan, or believe that prices are going to drop...
Resale private properties are getting more popular with home buyers. According to the latest data from the Urban Redevelopment Authority (URA), one in two private homes sold this year is a resale unit, up from 30 per cent in 1997. While the sale of new private homes remained strong in the first 7 months of the year, analysts said resale private properties are also changing hands at a faster...
The announcement of anti-speculation measures for the property market earlier this week has led to a more cautious response from buyers. These measures include not allowing HDB flat owners to own private property within the minimum occupation period. Though the crowds are still flocking to the showflat at The Greenwich - a condominium being launched at Seletar - potential buyers said they want to take...
Killiney 118 is a boutique development located along the heart of Singapore’s main shopping belt. Despite being one of the smallest freehold development in Singapore with only 30 units spread over 6 floors, Killiney 118 appeal lies in its exceptional location; a home that is conveniently located at the edge of the town, yet tucked away from the bustling town in stylish setting. Located next to Orchard...
Prices of high-end projects have not peaked and are still reasonable THE new measures aimed at cooling the market are not likely to affect high-end homes, according to Wing Tai Holdings deputy chairman Edmund Cheng. He said yesterday: 'Looking at today's prices, the high-end market and prices of very luxurious projects have not reached the last peak yet.' He also believes there will be both locally and...
Ms Tan wanted to buy a resale three-room flat for her twilight years, but the new property regulations have put a spanner in the works. The retiree told Lianhe Wanbao that she owns a private property, but she wanted to move into a Housing Development Board (HDB) flat and rent out her private property to supplement her retirement income. Living in an HDB flat will also help to lower her monthly...