All Entries in the "Singapore" Category
Expert reacts to joint planning initiative launched by Abu Dhabi and Singapore
The Abu Dhabi Urban Planning Council (UPC) has signed a Memorandum of Understanding (MoU) with Singapore’s Urban Redevelopment Authority (URA) to gain and share first-hand experience on urban planning strategies, methods and best practices. The MoU formally sets out a framework for the exchange of information and experience between the UPC and URA and under [...]
Singapore home sales reach new high
(Reuters) Shoebox apartments in Singapore helped private home sales reach a new record during the first quarter. Private home prices fell 0.1 per cent in the first quarter as government measures to cool the residential sector took effect. Khaw Boon Wan, Minister for National Development told parliament the market will have to be watched [...]
Singapore price index falls for the first time since Q2 2008
After five rounds of cooling measures by the government, the private residential market finally eased 0.1 per cent in the first quarter to reach 206.0 percentage points, according to data from the Urban Redevelopment Authority (URA). Properties in the Core Central Region (CCR) and Rest of Central Region (RCR) led in the price fall, both [...]
Cost of living causes Singaporeans to look down under
According to a recent press release by Optimizer Capital, South Australia, on a risk adjust basis, represents one of the best property investments of the next 10 years.
Hao Yuan Investment bids S247 million on Singapore land plot
Singapore’s executive condominium (EC) site at Woodlands Avenue 5/Woodlands Drive 16 has attracted five bids of which the highest was from Hao Yuan Investment.
Singapore developers’ tactics over ABSD could lead to intervention
Wide scale returns of ABSD could sabotage the government’s policy to promote transparency in the market, according to industry assessors.
Sales caveats may not reflect the actual purchase price of the property as “discounts” are given only after a buyer has completed the transaction, in contrast to discounts which are accounted for into the reported transacted price.
In response to BT queries, the Ministry of National Development (MND) said: “As long as they do not distort prices, there is no need for the government to intervene against such business decisions and practices.
“We will therefore continue to monitor the market closely for now to ensure transparency.”
Price drop for Singapore’s private homes
In the first three months of the year private homes in Singapore finally headed south after nine consecutive quarters of increase. Figures released by the Urban Redevelopment Authority (URA) confirmed earlier flash estimates that prices fell by 0.1 per cent compared to the previous quarter.
Far East meets west coast with multi-component development
The Far East Organization is bringing the first multi-component development to the West Coast area in Singapore with SeaHill residents and hospitality.
A downturn in international property sales hits Singapore.
Influxes of developers and overseas property buyers have pulled out of Singapore due to new regulations introduced by the government.
International sales plummeted by 78 per cent in the first quarter of this year, overseas property professional reported.
The dramatic downturn in the sales of homes sold to overseas buyers has sparked panic amongst developers, as fears of a double whammy across Singapore’s international grow.
The decrease in purchased property follows the government’s decision, in late 2011, to increase stamp duty in order to prevent the market following the trend of the boom and bust cycle.
Record number of new homes sold in Q1
Singapore’s property market continues to defy expectation in the first quarter as investors snapped up new homes, driven by low interest rates and ample liquidity, according to Savills Research. Savills’ data showed that new home sales for the quarter surpassed even the full-year sales in the 2000, 2003, 2004 and 2008. If Executive Condominiums (ECs) [...]
