ABSD dented property demand, not prices | Additional buyer's stamp duty ABSD

By Romesh Navaratnarajah: The 10 percent additional buyer’s stamp duty (ABSD) imposed in December 2011 has affected the demand for Singapore property, but not prices, according to Nicholas Holt, Asia-Pacific Research Director at Knight Frank. “Prices not...

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Tagged As: ABSD, property market

Are we ‘Singa-poor'? | HDB Flats

By Romesh Navaratnarajah and Cheryl Tay: Why more Singaporeans are asset-rich but cash-strapped. A common gripe amongst many Singaporeans is that they have to spend their savings to pay off home loans and by the time they retire, they find themselves strugg...

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Tagged As: CPF (Central Provident Fund), HDB flats, retirement funds

Luxury market falls flatter than a pancake | Luxury property market

Just last week, PropertyGuru broke a story on a sea-facing bungalow in Sentosa Cove that’s been priced at a jaw-dropping S$108 million (Sentosa Cove bungalow asks a whopping S$108m). The owner who’s a Singaporean will probably do the funky chicken dance ...

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Tagged As: high-end property sales and prices, luxury market so glum, Sentosa Cove, The Marq

Marina Square extension, Middle Rd hotel get nod | Development

The Business Times – Saturday, April 28, 2012 SOME interesting projects received provisional permission from the Urban Redevelopment Authority in the first quarter of this year. In particular, Marina Centre Holdings received the go-ahead for its intended add...

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Tagged As: Ascendas (Tuas), Changi Business Park Crescent, Clerodendrum Land, Hoi Hup Kovan Development, Marina Centre Holdings, Mediapolis, Middle Investment, Midlink Plaza, Oxley Viva, Qingjian Realty

Marina Bay attracts interest from financial firms

by Cheryl Tay Marina Bay could become busier than Raffles Place, as more financial and insurance firms are expected to occupy newly completed buildings within the area. However, Marina Bay’s 2.6 million sq ft of absolute space occupied by financial and insur...

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Tagged As: financial and insurance firms, Marina Bay, Raffles Place

Cash premiums for HDB resale flats dive 30%

By Romesh Navaratnarajah: Cash-over-valuation (COV) for resale flats has dropped significantly in both mature and non-mature estates, making them more affordable to home buyers. Data from property agencies shows that overall cash premiums fell 30 percent in t...

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Tagged As: Cash Over Valuation (COV), HDB

Shophouses remain firm favourites with investors

by Lynda Hong Ee Lyn Apr 30, 2012 SINGAPORE – Shophouses have not escaped Singapore’s property boom and every indication is that their price appreciation will continue. In limited supply, they are gaining in popularity as owners look beyond traditi...

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Tagged As: Commercial Property, conservation shophouses, shophouses, Singapore's property boom

CEA investigating sales agents for misleading info | Industrial propertry

by Cheryl Tay The Council for Estate Agencies (CEA) is investigating industrial property agents who allegedly offered misleading information on industrial property, after it received numerous complaints involving 26 sales agents. “Under CEA’s Code o...

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Tagged As: CEA, Council for Estate Agencies (CEA), Khaw Boon Wan

Singapore's inflation up 5.2% in March | SIngapore's inflation

By Romesh Navaratnarajah: Singapore’s inflation rate grew sharply in March, driven by the rising costs of housing and cars, suggesting that the Monetary Authority of Singapore (MAS) may tighten its monetary policy further in the coming months. According to...

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Tagged As: Monetary Authority of Singapore (MAS), Singapore’s inflation rate

Increase of land supply may no longer control property prices

Trying to control Singapore’s property prices by increasing the supply of land as part of the government land sales program me may no longer be effective. According to Channel News Asia, this means that property prices may continue to remain high due to stro...

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