This marks the 26th straight month of growth for condo rents and the 32nd for HDB rents. PHOTO: ST FILE Updated from : The Straits Times, 30 March 2023 SINGAPORE – Rents for Housing Board (HDB) flats and condominium units continued to climb in February, even as fewer homes are being rented out, with some analysts … Continue reading Condo, HDB rents rise but volume drops in February; more tenants resist price hikes
Property News
‘No rush’ to close property purchases before higher stamp duty deadline
Updated from : The Business Times, 15 Feb 2023 HIGHER marginal Buyer’s Stamp Duty (BSD) for higher-value residential properties kicked in on Wednesday (Feb 15), but agents did not see a rush into the market the night before the change came into effect. Agencies that The Business Times spoke to observed more than the usual transactions last … Continue reading ‘No rush’ to close property purchases before higher stamp duty deadline
Budget 2023: Buyer’s Stamp Duty hike unlikely to hurt property demand; some see it as wealth tax
Updated from : The Business Times, 14 Feb 2023 SINGAPORE will introduce a higher marginal Buyer’s Stamp Duty (BSD) for higher-value residential and non-residential properties that will kick in from Wednesday (Feb 15), but market watchers say the move will hardly put a dent in property demand. Where the BSD hike might hit harder is … Continue reading Budget 2023: Buyer’s Stamp Duty hike unlikely to hurt property demand; some see it as wealth tax
Housing loan limits – including for HDB loans – tightened in fresh measures to cool property market
To further moderate demand in the HDB resale market, where million dollar HDB flats continue to change hands, the government will impose a wait-out period of 15 months for private residential property owners as well as former private property owners to buy a non-subsidised HDB resale flat. Private property owners will no longer be allowed … Continue reading Housing loan limits – including for HDB loans – tightened in fresh measures to cool property market
URA, MOH launch Parry Avenue site for private assisted living development
The site is located within the Rosyth Estate and is near dining and shopping amenities such as Serangoon North Neighbourhood Centre and Heartland Mall. PHOTO: URA, MOH Updated from : The Business Times, 29 Sep 2022 THE Urban Redevelopment Authority (URA), together with Singapore’s Ministry of Health (MOH), on Thursday (Sep 29) put up a site … Continue reading URA, MOH launch Parry Avenue site for private assisted living development
Location can continue to drive price premium for CBD offices, prime area homes
Even as the suburbs improve, the CBD and districts 9, 10, 11 should continue to enjoy price premiums for offices and homes respectively. PHOTO: BT FILE Updated from : The Business Times, 26 Sep 2022 SINGAPORE’S suburbs have transformed over recent years. Places such as Jurong and Tampines have become high-quality live, work and play … Continue reading Location can continue to drive price premium for CBD offices, prime area homes
Amid frenzied buying at new home launches, developers may be signalling a peak
While Lentor Modern was the latest suburban condo to see strong take-up at its launch, developers appear to be cautious in land bidding. PHOTO: GUOCOLAND Updated from : The Business Times, 22 Sep 2022 OVER Sep 16 and 17, GuocoLand : F17 0% sold 508 units, or 84 per cent, of 99-year leasehold Lentor Modern’s … Continue reading Amid frenzied buying at new home launches, developers may be signalling a peak
New city-fringe condo prices climbing closer to those in central region
With the increase in the RCR’s psf price since June, the median price paid for a new non-landed home there has exceeded that in the CCR., says Huttons. PHOTO: BT FILE Updated from : The Business Times, 21 Sep 2022 THE median price per square foot (psf) gap between new, non-landed homes in the Core Central … Continue reading New city-fringe condo prices climbing closer to those in central region
Singapore bank earnings boosted by higher rates but global slowdown, high inflation cloud outlook
DBS has declared a dividend of 36 cents per share for the second quarter, higher than the 33 cents a year ago. ST PHOTO: ARIFFIN JAMAR Updated from : The Straits Times, 5 Aug 2022 SINGAPORE - DBS Group Holdings joined peers OCBC Bank and UOB in reporting earnings that were boosted by rising interest rates, while also … Continue reading Singapore bank earnings boosted by higher rates but global slowdown, high inflation cloud outlook
HDB resale prices rise 2.8% in Q2, transactions fall amid rising interest rates
Updated from : The Straits Times, 22 July 2022 SINGAPORE - Prices in the Housing Board (HDB) resale market have continued to climb, logging gains for the ninth consecutive quarter even as sales momentum slipped. Resale prices rose at a quicker pace of 2.8 per cent in the second quarter of this year, compared with … Continue reading HDB resale prices rise 2.8% in Q2, transactions fall amid rising interest rates
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