10 questions about new property rules
Ms Tan wanted to buy a resale three-room flat for her twilight years, but the new property regulations have put a spanner in the works. The retiree told Lianhe Wanbao that she owns a private property, but she wanted to move into a Housing Development Board (HDB) flat and rent out her private property to … Read more
Property cooling measures timely: Wing Tai
The measures announced by the government on Monday to cool the property market were timely as prices had gone up to unsustainable levels, according to real estate developer Wing Tai Holdings. Mr Edmund Cheng, Wing Tai’s deputy chairman who said this on Friday at the launch of its luxury project Belle Vue Residences, added that … Read more
Luxury properties not selling as well as mid-priced ones in China
Most of the capital’s luxury real estate projects are encountering poor sales even in the back-to-boom market, industry insiders revealed. Nearly 70 per cent of the property for sale in the 30 most expensive developments remain on the market, where some have languished for more than four years, according to Beijing Times. Figures from the … Read more
HDB will look at those affected by policy changes on case-by-case basis
The Housing and Development Board (HDB) has said it will look at requests of those affected by the new changes to resale flat applications on a case-by-case basis. It was referring to those who have exercised the Option to Purchase a resale flat and secured a bank loan before August 30, but have not submitted … Read more
Tender for Clemenceau Ave hotel site awarded to RB Capital Hotels
The Urban Redevelopment Authority (URA) has awarded the tender for the hotel site at Clemenceau Avenue/Havelock Road to RB Capital Hotels. The company submitted the highest bid of S$101.1 million for the site. This translates to S$8,751 per square metre per plot ratio. The site had attracted a total of 13 bids, with the remaining … Read more
Hotel room rates rise in major Asian cities
The buoyant economic conditions today have caused hotel room rates in major Asian cities like Hong Kong and Singapore to become more expensive. Corporate travel firm Hogg Robinson Group said the rates grew 3.1 per cent on-year in the first half of the year. It added that the increase in rates would likely hit five … Read more
Cooling the property market, flexibly
THE Singapore government has acted swiftly and decisively in introducing new and tougher rules to dampen property speculation – the third time in a year that the authorities have moved to cool an overheating market. Among the many changes announced earlier this week are a requirement for HDB resale flat buyers to sell off any … Read more
Has the market reached its peak?
Property index climbs mere 0.1% in July The prices of completed condominiums and apartments showed early signs of stabilising in July from the peak levels recorded in previous months. This is according to the latest reading of the Singapore Residential Property Index (SRPI) developed by the National University of Singapore’s Institute of Real Estate Studies. … Read more
A $2 million dream …
Landed property within reach if buyers know where to look With property prices hovering near record highs, can some home buyers still realise their dream of owning a landed property? Those who are serious about purchasing a landed property should start with $2 million as a realistic budget to work with, property experts said. “A … Read more
Reflections on housing a nation
Revisiting the Government’s core commitments and discussing their relevance to Singapore today My earliest childhood memories are of growing up in an attap hut that was part of a kampung somewhere in Hougang. We drew water from a well and ate by the light of a kerosene lamp. Later, we moved to a small room … Read more
