Monthly Archives: December 2012

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  • Sleepy enclave's leafy retreats lure buyers

    sleepy enclave's leafy retreats lure buyers source: the straits times if a small and quiet retreat close to nature sounds like home, then the chestnut and dairy farm areas might be the place to be. the chestnut avenue enclave comprises a low-density area with landed houses, including good-class bungalows, and a high-density zone, with mature and upcoming ... Continue reading
  • Govt keeping close eye on ECs

    govt keeping close eye on ecs source: the straits times the national development ministry (mnd) has warned that it is closely watching developments in the executive condominium (ec) segment and will consider further measures if needed. it was responding to the straits times' queries on whether sky-high prices for some ec units at recent launches are of concern. industry players have raised suggestions such as imposing a minimum number of units... Continue reading
  • Resale non-landed private home prices up

    resale non-landed private home prices up source: today prices of completed non-landed private homes surged 1.9 per cent last month from the previous month, accelerating sharply from october's 0.8-per-cent rise, according to the advance estimates of the singapore residential price index (srpi) released friday. according to the srpi, developed by the nation... Continue reading
  • Retirement income schemes given a boost

    retirement income schemes given a boost source: business times the enhancements made to the silver housing bonus (shb) and lease buyback scheme (lbs), which will enable elderly singaporeans to top up less of their net sale proceeds and get more in cash, may drive up activity in the resale market, say some consultants. under the original shb scheme, all ne... Continue reading
  • Growing pool of seniors, singles 'could trigger housing rethink'

    growing pool of seniors, singles 'could trigger housing rethink' source: the straits times a new report suggests that the growing presence of senior citizens and singles here may prompt a rethink of housing options and policies by both developers and the government. the report has mooted suggestions such as longer land tenures for retirement villages and ... Continue reading
  • Analysts see sustained demand for HDB resale flats next year

    analysts see sustained demand for hdb resale flats next year source: business times hot, robust and pulsating. three words market watchers have used to describe the resale flat market this year, and it looks like they will be saying the same next year. resale prices for housing & development board (hdb) homes could go up by between 3 and 8 per cent in... Continue reading
  • URA factors in shrinking condo unit sizes as it looks ahead

    ura factors in shrinking condo unit sizes as it looks ahead source: business times the urban redevelopment authority (ura) seems to think that the average unit size of condos will shrink in its estimates of housing supply for the government land sales (gls) programme. based on business times' analysis of the first-half 2013 gls programme, the average gros... Continue reading
  • 653-unit executive condominium development receives 800 applications

    653-unit executive condominium development receives 800 applications source: today forestville, the latest executive condominium (ec) project at woodlands, has seen strong demand from eligible home buyers since electronic applications opened on 21 december. close to 800 e-applications have been received over the weekend for the 653-unit forestville ec pro... Continue reading
  • Luxury homes seen getting foreign boost

    luxury homes seen getting foreign boost source: business times the return of foreign investors to the private residential market, coupled with the low interest rate environment and surplus liquidity, may help the luxury market to recover next year. "we believe that the overall percentage of overseas buyers in 2013 may go up to 25-27 per cent, from the pre... Continue reading
  • 2012 record year for property market

    2012 record year for property market source: channelnewsasia despite six rounds of cooling measures in the last couple of years, the private property market continued its uptrend unabated in 2012. although data for december is yet to be out, but both sales volume and prices of new private homes have already surpassed previous highs. experts said more cooling measures may be implemented if home prices do not show signs of easing. but with the c... Continue reading
  • New condos go beyond pool and gym to sell

    new condos go beyond pool and gym to sell source: the straits times facilities such as swimming pools, playgrounds and gyms used to be the stock standard amenities in condominiums. but these days developers are spicing up their offerings. treats that have been a mainstay at luxury projects are being offered in the mass market estates as firms strive to di... Continue reading
  • Old estate still sought after

    old estate still sought after source: the straits times it’s one of the country's oldest towns but queenstown remains a keenly sought place to live thanks to its dress circle spot on the city fringe. analysts said buyers can expect steady capital appreciation, while landlords will have their pick of locals and expatriates keen to move in. queenstown homes are predominantly public housing, with a handful of condominiums. landmark private projec... Continue reading
  • District 13 hottest for private homes

    district 13 hottest for private homes source: the straits times a look back at private home prices this year reveals a market that is mostly higher but with notable falls in some areas. district 13 - macpherson, potong pasir and braddell - and district 21 - upper bukit timah, clementi park and ulu pandan - were red-hot. average resale prices for non-landed homes in district 13 topped the table this year - surging 25 per cent to $1,270 per sq f... Continue reading
  • Property agent charged with referring clients to moneylender

    property agent charged with referring clients to moneylender source: the straits times a property agent friday became the first to be charged with illegally referring clients to a moneylender under tough rules designed to clean up the industry. ghazali mohamed rasul is also accused of receiving kickbacks in return for setting up the deals. the 38-year-o... Continue reading
  • Data Protection Act to come into force on Jan 2

    data protection act to come into force on jan 2 source: business times the personal data protection act (pdpa) will kick in on 2 january next year, alongside a newly formed personal data protection commission (pdpc) and its advisory committee, the ministry of communications and information (mci) said thursday. from the time the act kicks in, companies w... Continue reading
  • Choice Queenstown site and Upper Changi plot for sale

    choice queenstown site and upper changi plot for sale source: the straits times two sites that could yield 1,300 homes were released by the government tuesday. one is a choice site next to queenstown mrt station in commonwealth avenue that is tipped to fetch more than $500 million. the other is a plot near tanah merah mrt station that was made available o... Continue reading
  • Property option fee: Woman loses appeal

    property option fee: woman loses appeal source: the straits times a housewife submitted a cheque to pay a 1 per cent option- to-purchase fee concerning a $27.6 million swettenham road bungalow. but the cheque for $276,000 bounced and the seller sued madam leong miew fong for the fee payable. she did not file her defence in the case and the high court or... Continue reading
  • EC supply can afford to slow, says expert

    ec supply can afford to slow, says expert source: today some 20 per cent of units launched as part of seven executive condominium (ec) projects this year remain unsold. almost 3,000 ec units have been sold, with about 800 units unsold as of october. with three more projects to be launched by the year's end, more than 2,400 units will be available. the gov... Continue reading
  • Record $1.33m for HUDC flat at Shunfu Road

    record $1.33m for hudc flat at shunfu road source: the straits times another fresh record has been set for the most expensive hudc apartment - again at the popular shunfu road enclave. a 1,660 sq ft maisonette, located at the heart of the yet-to-be privatised estate, was sold for $1.33 million last month, according to data-crunching firm singapore real es... Continue reading

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