1 in 3 home buyers do not understand TDSR: survey
A recent survey by UOB showed that one out of three home buyers are still not familiar with the new total debt servicing ratio (TDSR) framework.The survey, as reported in the media, revealed the top two uncertainties of home buyers regarding the TDSR framework are how it applies to their personal...
Continue Reading • 12 May 2014
Challenging times for investments
Singapore’s property investment market looks set for even more quieter times ahead, according to Savills’ Sales and Investment Briefing May 2014 report, published on Friday.Between January and March 2014, the firm noted that investment sales in Singapore reached S$3.94 billion. In...
Continue Reading • 12 May 2014
No drop in UK interest from S'pore
EXCLUSIVE INTERVIEW: Robert Fraser is no stranger to Singapore. The Managing Director of Fraser & Co (pictured) has been coming here since 1995 and has a well-established list of clients who turn to him and his colleagues for advice about all aspects of the London property market.The...
Continue Reading • 12 May 2014
Winners revealed from Asia-Pacific Property Awards 2014
Winners from across Asia-Pacific were rewarded at Friday night’s prestigious Asia Pacific Property Awards which took place in Kuala Lumpur, Malaysia.Property developers, architects, interior designers and real estate agents were amongst the winners, who received the highly-prized awards...
Continue Reading • 12 May 2014
Super selection of international investments this weekend
Singapore property buyers and investors are again out in force at PropertyGuru’s latest International Investment Show property exhibition, happening today (Saturday) and tomorrow at Mandarin Oriental, Level 5 Garden Suite, Raffles Avenue in Singapore.Properties from Thailand are well...
Continue Reading • 10 May 2014
Commonwealth Towers' location attracts strong sales
The 845-unit Commonwealth Towers in District 3 continues to see brisk sales since its first day of launch on 1 May, where an additional 100 units were released on top of the initial 300 due to strong demand. As of 7 May, more than 65 percent of the 400 units have been sold. The most popular units...
Continue Reading • 9 May 2014
Serangoon North HUDC estate privatised
The Serangoon North HUDC Estate will be converted into a strata-titled property under the Land Titles (Strata) Act as of today.In a statement, HDB said homeowners there now own their respective units, as well as the common property such as car parks and open landscaped areas, and the...
Continue Reading • 8 May 2014
The Panorama to relaunch on Sunday
Wheelock Properties will relaunch The Panorama in Ang Mo Kio on Sunday (11 May) with prices up to 10 percent lower than the initially released units, according to estate agents in the media. Balloting will be held on the same day and a one-bedder could be priced from $565,000, while the two- to...
Continue Reading • 8 May 2014
Property auctions market sees positive start to the year
More property owners are turning to the auction market as an alternative mode to increase their chances of selling off their properties amid a slowdown in resale activity, revealed a Knight Frank report.In Q1 2014, the number of properties put up for auction increased by 13.4 percent on a...
Continue Reading • 8 May 2014
Savills pushes into Indonesia
Global property adviser Savills has established a presence in Jakarta, Indonesia – PT Savills Consultants Indonesia. Chris Marriott, Chief Executive Officer of Savills Southeast Asia and Board Director of the Indonesian operations, said: “I am delighted to be opening our...
Continue Reading • 8 May 2014
Revealed: Singapore's richest real estate families
Members of the Kwee and Hiranandani families took six of the ten spots on a Wealth-X ranking of Singapore's wealthiest real estate tycoons, according to new research. Collectively, the six brothers from these two families hold US$7.2 billion in assets – nearly half of the US$15.57 billion...
Continue Reading • 8 May 2014
Singaporeans primarily invest their cash at home
Singaporeans invest mainly at home compared to other investors around the world, revealed a survey of 4,320 investors across 20 countries, as reported in the media.Conducted by Legg Mason Global Asset Management from December 2013 to January 2014, the survey found that 59 percent of Singaporean...
Continue Reading • 7 May 2014
Philippine developer launching upscale condo to Singaporeans
Arbor Lanes (pictured), a freehold condominium by Filipino developer Ayala Land Premier, will launch for sale this Saturday at the Four Seasons Hotel in Singapore, media reports said.Located in Metro Manila’s Taguig City, prices of units at the development range from S$300,000 for a 667 sq...
Continue Reading • 6 May 2014
Factory unit auctioned for $515k
A B1 factory unit located at WCEGA Tower Block 21 in Singapore's District 21 sold for $515,000 at JLL’s most recent property auction last week.The 1,087 sq ft leasehold unit in Bukit Batok Crescent (pictured) was the subject of a mortgagee’s sale and was offered with vacant...
Continue Reading • 5 May 2014
US$217b in UHNW real estate investment pumped into Singapore
Singapore has been identified as one of the biggest recipients of global private real estate wealth, according to a new report published by Candy&Candy, Savills World Research and Deutsche Asset & Wealth Management. A total of five cities, namely Hong Kong, London, Moscow, Singapore and...
Continue Reading • 2 May 2014
Eye on Woodlands: Northern Growth Corridor
Does Woodlands Regional Centre have what it takes to thrive? A few weeks ago, a prime commercial site attracted strong interest from developers. A consortium of Far East Organization, Far East Orchard and Sekisui House put in the highest bid of nearly $634 million or $907 psf ppr for the first...
Continue Reading • 2 May 2014
175 units taken up at Commonwealth Towers launch
Apartments at the Commonwealth Towers condominium were selling fast during the first day of launch yesterday, according to media reports. Out of the 300 units initially released, 175 were taken up as of 8pm, with over 100 buyers in the process of securing an option to purchase.Due to strong...
Continue Reading • 2 May 2014
HDB awards Sims Drive site to GuocoLand
The housing board has awarded a residential site (pictured) at Sims Drive to First Changi Development, a unit of GuocoLand.The developer had submitted the top bid of $530.9 million for the 23,900.1 sqm plot when the tender closed yesterday. Offered on a 99-year lease, the land parcel could be...
Continue Reading • 30 Apr 2014
More owners renting out homes illegally
Despite being illegal, more people have opened their homes for short-term rentals, as HDB investigated 184 such cases last year, compared to 106 cases from 2012, media reports said. Those who flout the rule may be fined or lose their flats if proven guilty of renting out their flats for less than...
Continue Reading • 30 Apr 2014
Govt releases two sites in Potong Pasir, Sembawang for sale
Two land sites were released for sale on Wednesday by the Urban Redevelopment Authority (URA) and Housing & Development Board (HDB).Together, both sites could yield about 1,300 residential units. The first is a commercial and residential site at Meyappa Chettiar Road (pictured), which...
Continue Reading • 30 Apr 2014