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There is some scope to allow short-term accommodations in Singapore that are subject to the proper safeguards and controls, said National Development Minister Lawrence Wong in parliament on Tuesday. He was responding to a question by member of parliament Henry Kwek (Nee Soon GRC), who asked if Mr Wong's ministry would consider working with operators … Continue reading Scope for short-term private home rentals in Singapore: Lawrence Wong

The en bloc fever got an airing in Parliament on Tuesday, with a member of parliament (MP) asking whether the government should consider setting a minimum age for developments seeking to go for a collective sale. In response to the question from MP Lee Bee Wah (Nee Soon GRC), Minister for National Development Lawrence Wong … Continue reading Safeguards already in place against en bloc sale of newer projects

The owners of Pacific Mansion have put the River Valley condominium up for public tender with a reserve price of $938 million or $1,728 per square foot per plot ratio (psf ppr). The development is on a freehold residential site in River Valley Close, with a land area of about 128,352 sq ft. Based on … Continue reading Pacific Mansion up for collective sale at $938m

When it comes to en bloc sales, the deal's not all sewn up when the site is awarded to a property developer. The long-drawn collective sale process at Tampines Court shows that even after a buyer is found, the transaction can still be plagued with technical issues. The Business Times understands that the sale process … Continue reading Some en bloc projects running into technical road blocks

City Developments is no stranger to the West Coast area, having developed Monterey Park Condominium and Hundred Trees (above, at its launch). The third site on offer in the state tender that closed yesterday - in Chong Kuo Road in the Sembawang/Mandai area - received a top bid of $43.95 million, or $681 psf ppr, … Continue reading CDL top bidder for two of three private housing sites

Homebuyers seeking a property in the prime districts may want to zoom in on EdgeProp’s list of 22 projects. The list was compiled following the EdgeProp-Knight Frank Homebuyers’ Sentiment Survey, where potential homebuyers showed a preference for condominiums in the prime districts. A large proportion of them also indicated a preference for properties priced below $1.5 … Continue reading What can you buy for $1.5 mil in the prime districts?

All three local Singapore banks have raised their home loan rates as interest rates continue to spike, and mortgage advisers warn of more hikes to come. DBS Bank, OCBC Bank and United Overseas Bank (UOB), which collectively account for the lion's share of the housing loan market, have raised the interest on their fixed-rate and … Continue reading Singapore home loan rates starting to climb

A series of blockbuster land deals in Singapore this year signal the property market is set to break out of its prolonged slump next year. A Chinese group lobbed a winning record bid for a residential plot, while Guocoland paid a record per-square-foot price for an office development site in the Central Business District. Office … Continue reading Blockbuster land deals signal property boost for next year

LONDON (REUTERS) - House prices in London have fallen for the first time since 2009 and prices across Britain overall rose at their slowest pace in more than four years in September, mortgage lender Nationwide said on Friday (Sept 29). In a latest sign of the slowdown in Britain's housing market since last year's Brexit … Continue reading London house prices fall for first time in eight years: Nationwide

Just like any young couple would as they begin their next chapter of life, you ballot for a BTO and, after 4 years of wait, move happily into your first matrimonial home. Over the years, you start a new family and draw greater income as you progress up the career ladder at work. As the … Continue reading Why your HDB is not going to make you any money