Monthly Archives: May 2014

  • HDB starts work on 40,000 new homes

    the housing & development board (hdb) is set to launch more projects in tampines north, punggol matilda, and bidadari regions - the three new towns that were identified for further development under the draft master plan 2013. in the second half of this year, housing projects will be launched in tampines north and punggol matilda, followed by bidadari in the second half of 2015. these follow two housing projects in punggol matilda - matild... Continue reading
  • 80% of Trilive to be dual-key units

    about 80 per cent of the units in a condominium being developed in kovan will be dual-key apartments, which suit multi-generational families - and owners aiming to avoid stamp duty. all 94 of the three- and four-bedders at the 222-unit trilive, and 88 of the 124 two-bedders, will feature two separate entrances. no other project here has had such high a proportion of its apartments earmarked as dual-key flats. the national average was around 7.... Continue reading
  • Review property cooling measures: Foo Mee Har

    some property market cooling measures should be reviewed to make it easier for more singaporeans to upgrade their homes, ms foo mee har (west coast grc) said in parliament yesterday. this would help give more singaporeans "a chance to realise their aspirations and 'level up'", she said during a debate on the president's address. for instance, additional b... Continue reading
  • Demand up for private rental homes

    demand for private rental homes rose in the first quarter and could grow further as the economy improves, but the glut of vacant properties means rents will likely weaken or stay flat. that was the state of play outlined in a report from consultancy savills yesterday. it noted that there were 13,077 leases signed in the three months to march 31, up 4 per cent on the same period last year. much of the rise was due to an 11.2 per cent increase i... Continue reading
  • Why property cooling measures were needed

    [singapore] the property cooling measures adopted by singapore from 2009-13 - known to economists as "macroprudential measures" - were an essential complement to monetary policy and have succeeded in containing the property market bubble, according to monetary authority of singapore (mas) managing director ravi menon. however, they were introduced during ... Continue reading
  • More help for couples to live with or near parents

    younger couples who want to live with or near their parents may soon get more help, said national development minister khaw boon wan as he mulls over measures to help them. on the cards are possibly larger housing grants, more three- generation flats and even doing away with balloting completely, by giving them "absolute priority" when flats are balloted.... Continue reading
  • Office rents here 'may rise fastest in the world this year'

    a lack of office space could drive up rents at a faster pace in singapore than anywhere else in the world this year, according to a report from property consultancy jll. jll analysts told the straits times that skyrocketing rents here could in turn entice foreign funds, particularly those from the united states, to invest in the sector. prime office rents... Continue reading
  • Reviving kampung spirit in HDB flats

    tampines central will become a testbed for two new ideas to encourage public flat residents to connect, bond and revive the "kampung" spirit. public walkways that run through housing estates will be turned into "social linkways", by adding seating or exhibits, for instance, to encourage people to linger when they meet a neighbour. a one-stop hub for community activities, which can help develop residents' ideas for more such initiatives, will a... Continue reading
  • Home buyers, clueless about TDSR? Read on

    if the latest official data is anything to go by, buyers are no longer as nervous about signing up for a new home, despite mortgage lending rules that have tamed a once-buoyant market. last month, buyers returned to the market with more vigour, purchasing 745 new homes - up 60 per cent from march's figure. the sales were also about 54 per cent higher than... Continue reading
  • Four areas with potential to attract property buyers

    property experts yesterday singled out four potentially popular areas for home buyers: jurong, woodlands, holland village and the upcoming bidadari estate. they were taking part in the stproperty rise up to the challenges in the singapore property market forum, held at the star performing arts centre. speakers from slp international, fortis law and propne... Continue reading
  • Knight Frank sees sustained demand for dual-key homes

    with dual-key units in private residential projects still well sought-after by home buyers, they could potentially unlock value for both developers and buyers in the current tight market. according to global consultancy knight frank, demand for dual-key units is likely to be sustained from yield-seeking investors and families looking to house multi-genera... Continue reading
  • Some housing projects seeing little to no demand

    at least eight housing projects on the market here have sold fewer than 10 per cent of their homes - and some none at all, a new report shows. home seekers may have helped to drive healthy sales at some new property launches of late, but the report indicates that buying interest has yet to spread to projects on the market for some time. the report, releas... Continue reading
  • CDL cuts prices for Coco Palms launch

    city developments (cdl) sold most of its launch units in the coco palms project over the weekend after trimming the price tag, the developer said yesterday. coco palms, a joint venture between cdl and hong realty (pte) ltd, sold about 490 units at an average price of $980 per square foot (psf) as at 3pm yesterday. the number of units sold represents 82 per cent of the 600 units available at the weekend launch, or 52 per cent of the 944 units i... Continue reading
  • New SCP head leads it into new territories

    [singapore] scp consultants, with a new president at the helm, is gunning for more master-planning contracts in its core market of china and hopes to enter new territories such as indonesia, india and cambodia. it is open to acquiring companies to gain expertise more quickly to expand beyond urban planning to architecture, landscaping and even interior de... Continue reading
  • Hip Tiong Bahru awaits new condo

    a remarkable stillness has settled over the private property market in the hip tiong bahru district in the past few months. resale deals there have slowed to a trickle as most buyers eyeing the area wait with bated breath for the upcoming launch of a new condominium project in kim tian road. the much-anticipated highline residences condo, developed by keppel land, will have 500 units on a 99-year leasehold. although its launch date and prices ... Continue reading
  • Mapletree starts work on new biz park tower

    the alexandra area could soon boast the tallest business park in singapore. property firm mapletree investments is now building a 30-storey business park tower there and plans to expand into more sectors of real estate, it said yesterday as it posted its report card for the year. the unlisted company also aims to venture into europe and the united states,... Continue reading
  • Costa Sands Resort at Pasir Ris to close in July

    with a new resort at downtown east slated to open next year, ntuc club, the recreation arm of the national trades union congress (ntuc), will be shutting its costa sands resort in pasir ris. ntuc club said yesterday that it will not be renewing the lease on its costa sands resort property at pasir ris as it wants to focus on its plans to redevelop downtow... Continue reading
  • HDB resale flat prices dip 0.2% in April

    resale prices of hdb flats dipped 0.2 per cent in april over march. the drop was driven by three, four and five-room hdb flats, which saw price weakening of 0.2 per cent, 0.8 per cent and 0.4 per cent respectively. however, prices of executive flats rose 1.2 per cent. overall, hdb resale flat prices for april were down 5 per cent year-on-year, show latest... Continue reading
  • Coco Palms opens for booking on May 17

    interested to buy? call 98505770 city development's (cdl) latest resort-themed condo project at pasir ris, coco palms, is open for booking on may 17, with one-bedroom units starting from $498,000. the showflat, which opened last saturday, already drew more than 3,000 visitors in that weekend alone, said cdl, which is developing the project with hong leong... Continue reading
  • Serangoon North HUDC goes private

    serangoon north hudc estate has been privatised successfully, making it the 14th of 18 such once-public housing estates to complete the journey. the estate has become a strata-titled property under the land titles (strata) act, said the housing board in a statement yesterday. the move opens the way for a collective sale to private developers, which has meant windfalls for home owners in the past. serangoon north "may stand a better chance at a... Continue reading

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