Monthly Archives: January 2014

  • Private home resale prices slide 0.7%

    private home resale prices in singapore fell even faster last month, dragged down by home prices in the suburban areas. analysts said resale prices would likely slide further this year as buyers remain choosy. however, some added that the drop could be cushioned by delays in new project completions, which would lower the threat of a private home glut. overall resale prices fell 0.7 per cent in december from november, according to singapore res... Continue reading
  • Property curbs 'likely to remain for a while yet'

    property prices and sales volumes have been in slow decline for six months but cooling measures, especially loan curbs, will be here for a while yet, experts say. hope that the measures would be scaled down in next month's budget look to be dashed given that household debt is still high and prices remain elevated in some segments, they note. a slight ea... Continue reading
  • Speculators exiting private home market

    speculators looking to make a quick buck from private homes have all but disappeared, spooked by the recent series of property cooling measures. sub-sale transactions fell to 147 units in the fourth quarter last year, the lowest level in eight years, data out last friday from the urban redevelopment authority (ura) showed. the last time such dismal figure... Continue reading
  • Final HUDC estate Braddell View up for privatisation

    by janice heng the last of singapore's 18 hudc estates, braddell view, has been designated for privatisation, said the ministry of national development on tuesday. but before the privatisation works can begin, land lease issues must be sorted out. the estate, comprising 918 flats and two shops, was developed in two phases on two separate land leases, wi... Continue reading
  • Electrical upgrading of HDB blocks is ongoing, cost nearly $1 billion so far: Khaw

    by joanna seow nearly 2,400 blocks of housing board flats have been upgraded since 1995 to support the higher electricity consumption of modern lifestyles, said minister for national development khaw boon wan. another 4,000 blocks will be upgraded "in due course", he wrote in a blog post uploaded on monday. the upgrading has cost the hdb nearly $1 billi... Continue reading
  • Resale HDB flat market 'finally turned the corner': Khaw Boon Wan

    by rachel au-yong the softening resale hdb flat prices is good news for home buyers but it has not yet reached a "steady state" said national development minister khaw boon wan. however, hdb's fourth quarter resale housing data does suggests that "we have finally turned the corner" with the balance between sellers and buyers is becoming more neutral, sa... Continue reading
  • First annual fall in HDB resale prices since 2005

    by janice heng resale prices of housing board flats in 2013 fell for the first time in eight years, according to hdb data for the fourth quarter of last year released on friday. the resale price index fell by 0.6 per cent to 201.7 in the fourth quarter from a year earlier. this was also a 1.5 per cent fall from the third quarter. resale transactions dec... Continue reading
  • HDB's green efforts set to rub off on developers

    by rachel au-yong the housing board's move to make all new flats eco-friendly is set to help push other developers to go green. starting with this month's build-to-order (bto) exercise in bukit batok, jurong west, punggol, woodlands and serangoon, hdb announced yesterday that fresh developments will have motion-activated led lights to cut energy use and... Continue reading
  • 3,139 HDB flats offered in first BTO launch of 2014; most flats in non-mature towns

    by janice heng the housing board launched 3,139 new flats on wednesday in the first build-to-order exercise of the year, which also marks the start of the gradual slowing of flat supply. the flats are across five projects in four non-mature towns - bukit batok, jurong west, punggol and woodlands - and another project in the mature town of serangoon whic... Continue reading
  • All new HDB flats to have eco-features from Wednesday's BTO launch onwards

    by janice heng all new housing board flats will come with a set of "eco-features" for a greener living environment and to support the national commitment to sustainable development. most of these features have been piloted in hdb projects in punggol. they include centralised recycling chutes and sinks that direct water from hand-washing to the toilet ... Continue reading
  • All 281 units of retirement resort sold out within hours

    by cheryl ong all 281 units at the first housing project here aimed at retirees sold out just hours after its launch yesterday as 1,000 hopeful buyers thronged the showflat. many were older home seekers, but plenty of younger buyers were also drawn by the relatively affordable prices at the hillford, a mixed development marketed as a "retirement resor... Continue reading
  • HDB sets quota on subletting of whole flats to non-Singaporeans

    singapore: the housing and development board (hdb) has introduced a quota on subletting of whole flats to non-citizen subtenants. it said the move is to prevent the formation of foreigner enclaves in estates and maintain the singaporean character of the heartlands. hdb flat owners who lease out whole units to foreigners will be bound by the new rule, wi... Continue reading
  • Private Property - PRICE DROP IN DEC? SERIOUSLY?

    december 2013 non-landed private residential resales: (1).  resale real estate prices softened another 0.2% in december.  resale prices of non-landed private residential units declined 0.2% in december 2013 according to the srx property resale index.  this marked the fourth consecutive monthly drop in the overall resale price index.   (2).   core c... Continue reading
  • Singapore is not facing a credit bubble: MAS

    singapore is not facing a credit bubble that puts the country or the banking system at any risk of crisis, the monetary authority of singapore said in a statement on tuesday evening. responding to media queries on the issue of a credit bubble, mas added: "serious observers and investors are not in doubt about the country's financial health." an online art... Continue reading
  • ‘Lower COVs won’t attract buyers yet’

    published on jan 11, 2014 by janice heng and lee jian xuan falling cash premiums for housing board flats may tempt some house hunters back to the resale market – but not immediately, experts say. the effect is more likely to be felt later, after prices themselves have fallen further. “the negative covs (cash over valuation) will contribute towards lower... Continue reading
  • DEC 2013 - What happen to HDB resale market?

    hdb price are dropping and dropping! december 2013 - hdb resale and rental: (1). hdb cov drops to $5,000.  overall hdb cash-over-valuation (cov) in december 2013 dropped $3,000 from november to register a new low of $5,000. this is the lowest cov since june 2009, when cov dropped to a low of $3,000 during the global financial crisis.   (2). one i... Continue reading
  • COV for HDB resale flats falls to S$5,000 in Dec 2013

    singapore: the overall median cash premium or cash-over-valuation (cov) for hdb resale flats fell to s$5,000 in december last year, from s$8,000 in november 2013. this is the lowest since june 2009 when covs were at a low of s$3,000. it was a 37.5 per cent drop month-on-month, according to the latest flash report released by the singapore real estate exch... Continue reading
  • Private home resale prices continued to soften in Q4 2013

    resale private home prices remained sticky in the first half of last year despite the implementation of a higher absd rate and stricter financing conditions in january 2013, a dtz report revealed. however, the introduction of the tdsr framework in june softened the growth of resale prices in q3 before finally falling in q4 2013. based on a basket of exi... Continue reading
  • Hundreds visited showflat of first 'retirement resort' here

    by jonathan kwok hundreds thronged the showflat of the hillford, the first development here being sold as a "retirement resort" on saturday. the project in jalan jurong kechil, which has a leasehold of only 60 years compared with the usual 99, is also one of the first property launches for the new year. it will have a 24-hour concierge service, a full-t... Continue reading
  • HDB resale prices fall 1.3% in Q4 2013

    singapore: prices of resale hdb flats fell 1.3 per cent -- its sharpest drop since 2005 -- in the fourth quarter of last year, according to flash estimates released by the housing and development board (hdb) on thursday. last year’s fourth quarter resale price index (rpi) is 202.1, according to hdb in an update released thursday morning. it is the secon... Continue reading

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