Exclusive Living In Singapore
You will have to spend a considerable amount of money in order to become a property owner in Singapore. Once you purchase a new property, it is your responsibility to provide enhanced protection to it. That’s where mortgage insurance can assist you with.
To invest or not to invest, that is the question often at the forefront of people’s minds when it comes to the property market in Singapore. Admittedly it has been a rough time over the last few years, but recent indications are that there may well be improvements along the way, in the shape of some easing of the cooling measures introduced by the government. That is far from guaranteed at this juncture, but regardless of that, several experts are predicting that property prices will bottom out this year. If this is the case it will mean it is the perfect time to invest.
A 99-year leasehold residential plot at Lorong 1 Realty Park is calling for tenders via Government Land Sales (GLS). This plot of land is about 144,221 square feet and is zoned for Conventional and/or Strata Landed housing. It can yield up to about 50 houses of 3 storey high.
This plot of land parcel is situated in between Upper Serangoon Road and Hougang Avenue 1. It is in between Hougang central and The Central of Kovan as well.
Residents of this future low-rise developments will enjoy great amenities nearby as it is surrounded by malls from both Hougang and Kovan.
Good schools such as Holy Innocent Primary Schools, Serangoon Junior College are also within close proximity.
The site is also well connected to other parts of Singapore via expressways such as KPE ( Kallang Paya Lebar expressway) and CTE (Central Expressway)
Looking for new launch condos around this area? Take a look at the lists below
Coming Soon
In the last few years, the rent of offices have increased in Hong Kong and Singapore. It was reported that this time the increase in Hong Kong is almost 3 times more than Singapore. This means that Hong Kong has world’s most expensive office spaces. It was also mentioned in the report that this gap in the rents has made Singapore more competitive as a business center. And the business owners will be attracted to move their headquarters to Singapore.
Private home sales have gone through a series of struggles during the past few years. However, they achieved the four year high during last month, which indicated signs of recovery. The adjustments to property cooling measures, which were introduced back in 2009, can be considered as the main reason behind the downfall of private home sales. It has taken several years to show some signs of recovery and with the obtained results, we will be able to keep our hopes high about the future.
Seaside Residences had a successful preview last Saturday, 22nd April 2017. Out of the 560 units that were released for sale, the developer sold a total of 392 residential units, which is about 70% of it.
As per Morgan Stanley, a leading global financial services firm, the property prices in Singapore would start to see a 5 to 6 percent rise per annum from 2018. Not only this will end the long downtrend in home prices in Singapore but will also lead the prices to double up by 2030, as maintained by Morgan Stanley. The property prices in Singapore have been in a declining state for quite some time now. However, as per Morgan Stanley the downtrend is expected to end by 2018 and with beginning of a reverse phase where the uptrend will be seen.
CapitaLand Mall Asia recently signed its debut third-party contract for mall management in Singapore. This brings the number of malls under the wings to twenty.
This contract between the company and Singapore Post means that CapitaLand will immediately take over the administration of the mall coming up at the new Centre near the MRT Station in Paya Lebar. The mall should be up and running any time from June this year.
The Housing and Urban Development Company scheme (HUDC) in Singapore has experienced privatization for more than 40 years. It has now come to an end, where Braddell View was converted into a private estate. This incident took place on 17th March, which ended the house programme established back in 1974.
Soho is a description that is appearing more and more in the sales blurb of property developers and agents in Singapore. Despite that, or more than likely precisely because of that, there is a lot of confusion as to what the term actually means, what type of properties it is describing, and how much legitimacy the term has.
Earlier last month in March, many mouths were left agape when a 30-years old Bishan flat was transacted more than $1 million. In February, another Potong Pasir Flat which had a remaining lease of 66 years also fetched a cool $925k.
Following the recent trend whereby old public residential flats have been sold at exorbitant amounts of money, the Minister for National Development, Mr Lawrence Wong, has fired a warning shot to those who are buying old homes, by warning them that it would be foolhardy for them to take it for granted that their flats will automatically be among those which will be eligible for Selective En bloc Redevelopment Scheme (Sers).
When you think of Singaporean industrial and economic success stories, it is unlikely that aerospace and aviation will be the first things that come to mind. That is something that may well change however as it continues to go from strength the strength, and becomes an ever more important factor in the nation’s future and economy.
Adjustments made recently to cooling measures may appear unlikely to boost sales in Singapore’s property market, however there is a different outlook on real estate stocks. Following recent announcements the easement of two residential property curbs, some of the key players in Singapore’s real estate market, UOL Group, City Developments, and CapitaLand were seen registering a surge of at least 4% on the Straits Times Index.
It is now possible for retirees who own private property to access a new loan scheme which can easily help them to produce funds out of their homes. Hong Leong Finance (HLF), a renowned finance firm, has announced a program which will be extending cash to retirees in form of term loans. The scheme, which could come quite in handy for retirees, targets those who have a paid-up property and are in need of accessing ready cash for their immediate developmental use.
Retirees who are absolute owners of property will be eligible of borrowing up to 50% of their houses net worth. Clients will be free to make a choice between variable and fixed rate packages of the said loan.
