Property Insider News & Articles

  • Fewer becoming property agents amid sluggish market

    singapore: faced with a sluggish property market, fewer people are getting themselves licensed as real estate agents and more are leaving the industry, according to figures from the council for estate agencies (cea). as at jan 1, there were 30,830 real estate salespersons, or agents, down from 31,783 the year before. of the total, 3,006 were new entra... Continue reading
  • S’pore office rents to rise again this year: CapitaCommercial

    singapore — prime office rents in singapore are set to extend gains this year as the number of new properties coming onto the market is limited, said capitacommercial trust management. “the market is looking good as supply is very tight this year, so the rise in rentals will continue,” said ms lynette leong, chief executive officer of capitacommercial tru... Continue reading
  • Net deficit at HDB to stay high in coming years: Khaw Boon Wan

    singapore the housing and development board's (hdb) net deficit will continue to be high in the coming years as more new flats are completed and handed over to homeowners, said national development minister khaw boon wan in parliament. the net deficit for the year ending march 2014 came up to s$1.97 billion before government grants, much higher than the s... Continue reading
  • Taking a 3rd HDB loan? Pay market rate, says Khaw

    singapore: the housing and developmental board (hdb) may grant a third housing loan to home owners - but only in exceptional instances, and at the market rate, said minister for national development khaw boon wan on tuesday (jan 21). in a parliamentary question, mp zainal sapari had asked about hdb’s rationale for imposing a higher interest rate for hom... Continue reading
  • More than 200 flats seized by HDB in last three years

    singapore: a total of 202 flats were seized by the housing and development board (hdb) between january 2012 and december 2014, minister of state for national development desmond lee said on tuesday (jan 20). flats are compulsorily acquired from lessees who have committed major lease infringements such as the unauthorised subletting of flats, mr lee said... Continue reading
  • HDB, private homes’ rental prices decline further in December: SRX Property

    singapore: rental prices for housing and development board (hdb) flats fell 0.4 per cent in december from the previous month, while rents for private homes fell for the 11th consecutive month, according to srx property. four-room, five-room and executive flats saw rental prices decline by 0.7 per cent, 0.6 per cent and 0.3 per cent, respectively. three-... Continue reading
  • Private home resale prices, volume end year flat: SRX Property

    singapore: resale prices of non-landed private homes inched up 0.1 per cent in december 2014 from the previous month, while resale volume remained flat, according to flash estimates from srx property on tuesday (jan 13). year-on-year, resale prices dropped 4.2 per cent from december 2013. compared with the recent peak in january 2014, prices have declin... Continue reading
  • Home owners face higher mortgage payments with rise in SIBOR

    singapore: home owners may face higher mortgage payments, following recent hikes in a key benchmark interest rate that housing loans in singapore are based on. according to data from bloomberg, the three-month singapore interbank offered rate (sibor) was fixed at 0.62 per cent on tuesday (jan 6). this is up from 0.57 per cent on monday. last friday, it ... Continue reading
  • What really happen in 2014?

    what happen for hdb in 2014?             what happen for nonlanded residential private property? Continue reading
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  • Office rents higher despite lower occupancy rate

    office rents have risen in the fourth quarter of this year despite a fall in occupancy rate, driven higher by expectations of even greater rent rises next year, a new report has found. property consultancy dtz research noted that net demand for office space this year was slightly lower at 1.36 million sq ft, down from 1.45 million sq ft last year. the i... Continue reading
  • Completed shoebox units lead price falls this year

    so far this year, prices of small units have fared the worst of the four segments of completed non-landed private homes covered by the national university of singapore's singapore residential price index (srpi) series. flash estimates for november released on monday show that the srpi for completed small units of up to 506 sq ft islandwide has contracted ... Continue reading
  • Single-digit fall in HDB prices next year a good thing: Khaw

    another single-digit fall in public housing resale prices next year would still be manageable and "a very good development", minister for national development khaw boon wan said on monday. it is a level people can accept and a balance between keeping homes affordable for homebuyers and preserving the asset values of home owners. mr khaw said this to repor... Continue reading
  • Soft market ahead for most developers

    a weaker manufacturing outlook and continued targeted measures by jtc corporation to boost supply and cool speculation are likely to keep singapore's industrial property market soft going into 2015 (see infographic). certain types of properties, such as high-specification factories, business parks and warehouses, as well as niche developments such as food factories, will probably still see strong take-up and stable rents. this is because of ... Continue reading
  • Homebuyers to gain from fuller price disclosures

    the upcoming move to disclose the net prices of individual units sold by developers will give buyers, property firms and policymakers a more accurate snapshot of the market, said experts yesterday. the change, which was mentioned on tuesday by the urban redevelopment authority (ura) in a straits times forum letter, will kick in during the first half of ne... Continue reading
  • Thank you!

    aaron has the knowledge and skills and know the property market very well. he is very patient and listen to your needs and expectation. if you engage him as your agent, you are sure in good hands. willingness to offer information and knowledge even if we do not ask for. very helpful and he is willing to go beyond the normal call of duties. Continue reading
  • HDB gives its resale price index more oomph

    in a push to make property indices more reflective of market changes, the housing & development board (hdb) - the first among official agencies here to change the way it computes its price index - has unveiled details on how its revised approach will be more comprehensive and robust. (see infographic) hdb said on tuesday that it was expanding the cove... Continue reading
  • Resales of apartments, condos up 6.6% in Nov

    the latest flash estimates from srx property show that 388 non-landed private homes were transacted in the resale market in november, down 22.4 per cent from october but up 6.6 per cent year on year.     srx property's november flash estimate for its non-landed private residential resale price index reflected declines of 1.1 per cent month on month an... Continue reading
  • ECs the main draw at weekend sales

    singapore's lacklustre property market showed some signs of life at the weekend but interest was mainly confined to executive condominiums (ecs) the best performer was the terrace, an ec project in punggol, where more than 100 units were sold, out of a total of 747. but sales at older launches remained tepid as many potential buyers are on holiday and sentiment remains poor, experts said. at the terrace, launched on sunday, prices start at $71... Continue reading
  • Lower property taxes for bigger HDB flats

    owners of bigger housing board flats will enjoy a reduction in property taxes next year. this comes as the estimated annual market rents of properties, or annual values (avs), will be lowered by about 3 per cent on jan 1, to reflect the weakening rental market, said the inland revenue authority of singapore (iras) yesterday. the lowering of avs means owne... Continue reading

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