Exclusive Living In Singapore
If we compare the Housing Board resale flats sale of the June month to May; the prices have gone up by a certain extent, and the sales went down.
Note that, in the month of May, 2076 HDB flats were transacted as per the fresh estimates available on the SRX real estate portal; the sales in the June month went down by almost 8.7 percent as only 1895 HDB resale flats were sold.
Moving into your new home should be an exciting time for you and your family. A time for putting down roots, getting to know your new neighbourhood and neighbours, and having a safe, relaxing place to rest your head at night. For all that to happen, and it not to turn into a nightmare, you need to make sure you do your research first. Here are the things you should ALWAYS look for when viewing and considering your next home.
Marketing agent Cushman and Wakefield recently announced the sale options at Little India Heritage area where three adjoining corner shophouses are available with a reserve value of S11 million.
These properties have individual land titles and are located in the total land area of around 3,870 square feet; whereas the estimated floor area for the entire site is 7771 sq. ft. As per the indicative price range of $11 million; the price per sq. ft floor area can be calculated to be somewhere around $1,415 sq. ft.
As per the recent updates, Government has cut the private residential housing supply from few confirmed sites for the second half of 2019; this decision was taken as per the Government Land Sales (GLS) program. It happened due to a considerable fall in demand after executing cooling measures and the large supply services that will be upcoming. Read more
Here is great news for the buyers who are looking for BTO or new HDB flats in the market; they can now book Housing Board flat right within one day after applying for one.
Note that, this opportunity is limited to the 123 flats that fall under the Re-Offer of Balanced Flats; these flats actually remained unsold during previous booking exercises.
Out of these HDB flats, there are 105 of them which are located in areas like Toh Payoh, Bukit Merah, and Ang Mo Kio. Which are all in the mature towns. Whereas the rest 18 are situated at some non-mature sites such as Jurong West and Bukit Batok.
Although some of these flats are being sold with ethnic restrictions; Chinese buyers have a selection of 26 flats in the list where are 115 and 119 units for Malay buyers and buyers such as Indians and other races respectively.
There is no big issue about size of the flat as it is revealed that coming to one half of these flats are three roo3-room flats (57 units in total) whereas 17 of the unit are the modern 3Gen HDB Flats. To qualify for the 3G flats, a family nucleus which constitutes parents of the married children will have to be present.
The four roomers which comprises of 23 units will be the most popular choice amongst all. Other than this, buyers are also given choices of 20 Five-room flats, 2 Executive HDB flats and 3 2-room flexi units.
Note that, these flats were originally announced in the month of February; today they are a part of a newly expanded scheme of HBD and the prime idea is to make public housings more within reach to interested home buyers.
As per the newly implemented scheme launched for these flats, buyers are allowed to view the property listings via online; they can submit an application by following a few simple steps and choose their unit even by the next day. It clearly means that they can move to their flats as soon as possible.
Build to Order flats that are still available after the BTO slelection can be purchased during Re-Offer of Balance Flats exercise or during Sale of Balance Flats. You can check all updates related to these sales on HDB website.
As per recent updates, new batch of ROF flats will be available for booking two times a year; buyers can apply in the month of February and August as well. These properties are more suitable to the soon to be married couples with loads of facilities all around.
After going through huge pressure from the pipelined projects, property developers recently pushed out 9 new private home projects in the month of April. However, analysis reveals that most of the sale in the last month was observed from those which were launched earlier.
As per the stats released by the Urban Redevelopment Authority (URA), almost 735 units were sold in April; however, now the sale improves by almost 30% as the recent target they achieved is 952 units; but this percentage is still 15% lesser as compared to the 1122 units that were booked in the month of May by the previous year.
It was only just over one and a half year ago (October 2017) when Changi’s Terminal 4 opened. Jewel has open its doors recently this year, expanding capacity at T1. Both of those projects however are going to be eclipsed by the so called “Mega Terminal” T5. So just how big will T5 be, does Singapore really need it, and if so why?
HDB has recently launched an Executive condominium site for tender. The site is the first EC land parcel that is released for GLS (Government Land Sales). The site is located along Canberra Link and is closed to Sembawang MRT Station. With a land size of approximately 1.67 Hectares (16,690 square metres), this upcoming Caberra Link EC will have a 99 year-leasehold and is expected to yield approximately 385 condominium apartments..
The tender for this site will be closed on the 13th July 2019.
On May 25th, the Land Transport Authority in Singapore made an announcement for extension of several plans, and one of the most popular projects in the list is the MRT network.
Note that, the new MRT stations at Sungei Kadut, Brickland and Northeast stations will be now attached to the North-South line and this project will be completed probably by mid-2030.
People in Singapore always had the opportunity to buy homes with the help of housing loans offered by HDB, plus the chance to use their Central Provident Fund or CPF for the same purposes. Well, starting with the beginning of May, this year, these rules will change. What does this mean? Is this good news or bad news? In fact, it would be better to say that the old rules will be updated, so that homebuyers enjoy a bigger degree of flexibility. Also, these updates could change the odds for homes that are getting older as time passes by.
The Singapore real estate developing market received a setback recently with two unfinished projects getting declared as indefinitely stalled. One of the projects is a freehold condo comprising of 70 apartments located at Laurel Tree which is in the Hillview Terrace estate. The other, a mixed development project which includes 96 apartment units and 17 commercial units in Joo Chiat, is known as the Sycamore Tree.
Both projects were being developed under Tan Hock Keng and were to receive temporary occupation permits by December 2016. However, construction has not moved ahead since the end of 2018 leading the controller of Housing at the Urban Redevelopment Authority (URA) to examine the funds of the said projects.
The Cross Island Line (CRL) which will become the eighth MRT line in Singapore was announced with much fanfare. There has been a lot said about what effects this will have on commuters, developers and property owners.
Here we tell you exactly what the CRL is, where it will go and what effect it will have on property prices on the island. Read more
On 15 April 2019, the Urban Redevelopment Authority released the latest figures of housing sale in Singapore. The URA obtains these statistics through periodic surveys conducted among licenced housing developers.
On 15 April 2019, the SingHaiyi Group announced the opening of showflats for public viewing for two of their ongoing freehold condominium projects in Bartley. The announcement, made at a media gathering at 16 Tai Seng Street, revealed that the show flats would be open for viewing on 18th April 2019 onwards.
The first showflat is for the upcoming Gazania condo. This project is being developed in How Sun Drive. The Gazania has been designed to accommodate 250 flat units in a layout consisting of seen five-storeyed buildings. The flats will range for one-bedroom to four-bedroom units and are scheduled for completion towards the end of 2022. Currently, the estimated prices for the 440 sq ft one-bedroom flats begin at $1 million. The 1800 sq ft four bedroom penthouse flats are likely to be up on the market at a starting price of approximately $3.3 million.
Amidst the slow economic growth in the US, the Federal Reserve has announced that interest rates will not rise throughout 2019. After a meeting which lasted for 2 days, the monetary policymakers decided that the interest rate is going to remain at 2.25% – 2.5%. The Fed also made an announcement that by September, the 3rd Quarter of 2019, they will not be decreasing their bond portfolio. The main reason for this is to ensure that the borrowing rates will be kept low.
Before now, the feds had raised the interest rates four times last year and up to nine times since 2015. By indicating that there will be no further rate increases for 2019, the Fed foresees that there might be a rate increases in year 2020 and likely none in the year of 2021.