Monthly Archives: October 2012

  • Punggol likely to have more private homes than other areas Khaw says Punggol will eventually have "nearly 100,000" public and private homes

    the straits times - october 17, 2012 by: amanda tan the fast-growing area of punggol could end up with a greater proportion of private homes than in other parts of the country. private units average about 18 per cent of the housing mix across the country but one expert tips that it could go as high as 25 per cent in punggol "as aspirations of people gro... Continue reading
  • COV Prices Rebound in Third Quarter - by Iproperty.com.sg

    cov prices rebound in third quarter oct 19, 2012 - by: ho yun kuan seller optimism is on the rise, as indicated by the cash-over-valuation (cov) prices, which finally picked up in the third quarter, after a 9-month decline. according to the latest figures from the singapore real estate report (srx), the overall median cov in the third quarter is $30,000,... Continue reading
  • Punggol resale flats fetching good prices

    punggol resale flats fetching good prices source: the straits times resale prices in punggol have risen faster than the national average this year, data shows. and analysts say this trend will accelerate, spurred on by the hdb announcement on tuesday of comprehensive plans for the area. according to data-crunching firm singapore real estate exchange (srx)... Continue reading
  • Buyers in Asian cities more open to shoebox units

    buyers in asian cities more open to shoebox units source: business times property buyers in asian cities such as hong kong, singapore and japan have been quicker to embrace designer shoebox apartments than their counterparts in old-world cities such as sydney, london and new york. in singapore, the lure of such apartments - defined as units of below 500 s... Continue reading
  • Fewer singles buying HDB resale flats

    fewer singles buying hdb resale flats source: channelnewsasia singles are buying fewer housing and development board (hdb) resale flats in the recent four years. between 2007 and 2011, singles bought an average of 4,300 units a year. that is down from a yearly average of 5,600 between 2002 and 2006. the ministry also said three-room units are the most popular flat type among singles. the trend holds true even after the rule was eased in 2004 f... Continue reading
  • Same valuation basis for all HDB flats: Khaw Boon Wan

    same valuation basis for all hdb flats: khaw boon wan source: channelnewsasia national development minister khaw boon wan said home buyers are currently paying above the value assessed by professional valuers as it is "a seller's market". mr khaw said the basis of valuation for all hdb flats are the same, whether they are resale flats transacted in the op... Continue reading
  • No plans for more HDB executive maisonettes: Khaw

    no plans for more hdb executive maisonettes: khaw source: today minister for national development khaw boon wan said there is no need for the housing and development board (hdb) to build executive maisonettes (ems) again, as executive condominiums (ecs) already include double-storey units similar to ems. hdb stopped building ems in 1995, when the ec housi... Continue reading
  • Punggol likely to have more private homes than other areas

    punggol likely to have more private homes than other areas source: the straits times the fast-growing area of punggol could end up with a greater proportion of private homes than in other parts of the country. private units average about 18 per cent of the housing mix across the country but one expert tips that it could go as high as 25 per cent in punggo... Continue reading
  • Punggol to have 7 new waterfront districts

    punggol to have 7 new waterfront districts source: the straits times the housing board has unveiled the next phase of development for singapore's hottest new estate, punggol, which is also known for being the first eco-town. estimated to be twice the size of ang mo kio when it is complete, the eco-precinct is expected to boast seven new districts for wate... Continue reading
  • Govt ready to stabilise market if needed: Khaw

    govt ready to stabilise market if needed: khaw source: today strong demand for residential property is likely to persist which could cause prices to rise beyond sustainable levels, but national development minister khaw boon wan assured parliament monday that the government stands ready to stabilise the property market if needed. he attributed the strong ... Continue reading
  • Property cooling measures proving successful: Khaw

    property cooling measures proving successful: khaw source: business times five sites yielding some 2,880 homes have been released for sale, even as the government has pledged that it remains ready to cool the housing market if necessary. of the five 99-year-leasehold sites launched for sale this month under the government's plans to ensure a significant s... Continue reading
  • Sales of new private homes hit 3-year high

    sales of new private homes hit 3-year high source: the straits times new private home sales jumped by about 84 per cent last month compared with august, to 2,621 units sold, the highest monthly figure since july 2009. the latest spike in sales came as the national development ministry revealed that 26,800 hdb flats, 22,400 non-landed private homes and 1,1... Continue reading
  • Where are home prices headed?

    where are home prices headed? source: the straits times home prices are likely to hold their ground despite being pummelled by six rounds of cooling measures, according to most property analysts. they pointed to low interest rates and a stable employment outlook as factors supporting prices. they predicted the measures - including last week's new restrictions on loan terms - would take a toll on sales volumes. however, another factor helping t... Continue reading
  • Hillview to become next property hotspot

    hillview to become next property hotspot source: channelnewsasia sales of new private homes have been brisk in the past year for projects in neighbourhoods like pasir ris and punggol. and some industry players said the hillview area, located in the western part of singapore, could be the next up-and-coming spot with more projects lined up. the hillier - a... Continue reading
  • Prime properties face further demand slowdown

    prime properties face further demand slowdown source: business times the latest round of property cooling measures is expected to make its impact felt on the high-end residential sector, with developers facing more overhang in the short term. prime properties in the core central region (ccr) in particular can expect demand to slow further, given the highe... Continue reading
  • Home prices unlikely to fall in next 12 months

    home prices unlikely to fall in next 12 months source: business times while residential prices can be expected to moderate in the fourth quarter, they are unlikely to dip in the next 12 months. according to an analyst, prices of resale housing board (hdb) flats could inch up by 0.5 per cent in 4q and private non-landed home prices are likely to see a marg... Continue reading
  • Rentals for private homes expected to ease: experts

    rentals for private homes expected to ease: experts source: today rentals for private homes are expected to ease in the next 12 months, especially those in the luxury segment. it used to take about a month to secure a tenant for private homes in the rental market last year. now, it takes about three to four months, according to analysts. while rentals hav... Continue reading
  • Woodlands EC site draws top bid of $150.2m

    woodlands ec site draws top bid of $150.2m source: business times demand for executive condominium (ec) sites in woodlands remains strong, with a top bid of $150.18 million, or $302 per sq ft per plot ratio (psf ppr), submitted for a 99-year leasehold site there. that bid came from a joint venture between fraser centrepoint's unit opal star and lum chang'... Continue reading
  • $1m HDB flats 'best value' for money

    $1m hdb flats 'best value' for money source: the straits times a growing group of cashed-up home buyers - armed with a budget of $1 million or more - is waiting for premium housing board flats. they are usually private-property downgraders or young couples armed with budgets that would previously take them to condominium showflats only, said real estate agents. with the growing price differential between private property and hdb flats in prime... Continue reading
  • Home loan curbs 'will hit older buyers'

    home loan curbs 'will hit older buyers' source: the straits times investors in a weak financial position and buyers in their 40s and 50s will feel the effects of the latest property rules most acutely, analysts say. the changes, unveiled by the monetary authority of singapore last friday, are similar, in effect, to higher interest rates, they said. some o... Continue reading

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