The Singaporean government has released two sites for residential development in the Lorong Puntong and Sembawang Road areas.
Some top-tier cities in the Asia-Pacific region are not planning to ease restrictions in the residential property market any time soon, according to industry experts.
Home prices in Singapore fell by 1.1 percent in the second quarter of this year, continuing the trend since Q4 2013, based on preliminary data released by the Urban Redevelopment Authority (URA).
Moshe Safdie talks about designing for high-density cities and the future of urban planning.
Home prices in Singapore have decreased for the second straight quarter, setting a trend that will continue through 2014, according to realtors.
Singapore The Urban Redevelopment Authority (URA) recently released its data for private residential property transactions for May, 2013. The figures showed that a total of 1,455 units (excluding EC) were sold in May 2013, up five percent on month from 1,380 units sold in April 2013. A total of 12 new projects were launched [...]
The latest data released by the Urban Redevelopment Authority shows that the price of residential property in Singapore increased to a new record in quarter four of 2012, according to Property Wire. In the fourth quarter of 2012, prices rose by 1.8 percent. However, prices only rose by 2.8 percent annually, much less than the [...]
In many countries around the world, reports of unrest have held the interest of international media over the past two years. With disruption, revolt and anarchy spreading like wild-fire, the equilibrium of tens of countries has been under constant threat and a common theme resonated in many of the worst affected nations —government corruption. Thankfully, [...]
Singapore’s property market has dealt with six rounds of cooling measures in the past three years but property prices remain undented. According to CNBC, analysts now anticipate new cooling measures. Private residential property in Singapore has increased 56 percent since the global financial crisis and many analysts predict the steady incline to continue into the [...]
In Singapore, the Urban Redevelopment Authority (URA) released the flash estimate of the price index for quarter four 2012. It is lower than the 5.9 percent increase in 2011, according to a report by Yahoo! Finance. According to data released by the URA, the private residential property index rose from 208.2 points in quarter three 2012 [...]
It’s 21st of December, the long-anticipated date prophesised by many as an era for change, planetary alignment, a gateway to spiritual consciousness and for some, the end of the world. I anticipate what changes we will see but for now, mass-hysteria, mass-destruction and alien invasion seem to be at bay here in Singapore. What I [...]
2012 has proved to be a stellar year for the Lion State with record-breaking transactions, rising property prices and a strong rental market. A slew of government cooling measures has failed to slow buying enthusiasm. According to a Q4 brief from Savills, transaction volume over the past ten months has a 21 percent increase over [...]
According to data acquired from Urban Redevelopment Authority, November saw 1,087 new private homes (excluding executive condos) sold, signalling a 44.2 percent m-o-m decrease and the lowest transaction volume since January 2012. Despite the November dip in transactions, transaction volume in 2012 has already passed 2011′s total transaction volume for new private homes (excluding executive [...]
Industry experts predict a stellar year for Singapore’s rental market, with a rise in both volume transactions and value in 2012. According to a Q4 brief from Savills, the value of all leasing transactions throughout the first 10 months of 2012 has already surpassed the yearly totals of 2000 through to 2010. The yearly transaction [...]
Knight Frank has released its second quarter Real Estate Highlights for the Singapore market covering the residential, retail, office and investment sales markets. According to the report, overall market sentiment has turned markedly cautious as eurozone debt crisis deepened and major economies slowed. The global economic recovery, which was not strong to start with, [...]
Singapore has a reputation for having one of the most expensive real estate in the world. The city-state is home to the highest concentration of high net worth households (at 16 per cent) with an investible asset of US$1 million, according to the Boston Consulting Group. It is also a magnet among high net worth [...]
The Geylang area in Singapore has a notorious reputation as a red light district. Lining the streets are hourly-rated hotels and motels that can be found at every nook and cranny. When night falls, the district would burst into life with streetwalkers from many nationalities roaming the streets in search of customers. At one point [...]
The Singapore government yesterday said that the 50-year mortgage loan being rolled out by United Overseas Bank (UOB) is unlikely to be popular and will not have a significant impact on public housing. National Development Minister Khaw Boon Wan had expressed concerns on the loan calling it a “gimmick”. UOB is so far the only [...]
Singapore’s Private Property Index (PPI) has scaled to new heights rising 0.4 per cent to reach 206.9 points in the second quarter of this year, according to figures by the Urban Redevelopment Authority (URA). This is a record so far for the private property market. Analysts from CBRE and PropNex cite low mortgage rates, rising [...]
High property prices in Singapore are causing banks to come up with novel solutions with some rolling out a longer-term mortgage loan stretching up to 50-years. At UOB, for instance, the bank is offering a 50-year loan while at OCBC and HSBC, consumers can take a loan up to 40 years. The loans come with [...]