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In a bid to provide more home buyers with affordable housing options, the government raised the income ceilings for Hous...
08/01/2020

In a bid to provide more home buyers with affordable housing options, the government raised the income ceilings for Housing Board flats, while offering higher grants to first-time home buyers.

The income ceiling for executive condo buyers is raised from $14,000 to $16,000, while Singles aged 35 and above will also enjoy a higher income cap of $7,000, up from $6,000.

With about 75 percent of Singapore households expected to qualify for the enhanced housing grants, analysts believe the ...
01/01/2020

With about 75 percent of Singapore households expected to qualify for the enhanced housing grants, analysts believe the new measures not only met the Ministry of National Development’s (MND) goal of raising affordability for new households to buy HDB flats, it may also lead to increased stability for the housing market.

With about 75 percent of Singapore households expected to qualify for the enhanced housing grants, analysts believe the new measures may also lead to increased stability for the housing market.

Singapore’s housing market retains its position in the fair-valued zone despite government regulations reining in the gr...
25/12/2019

Singapore’s housing market retains its position in the fair-valued zone despite government regulations reining in the growth of property prices

Singapore was cited as the country with the most improved housing market with regard to affordability. Property prices have stagnated and there are lesser transactions.

In a bid to support stakeholders in the built environment industry, the government will spend a significant amount of ov...
18/12/2019

In a bid to support stakeholders in the built environment industry, the government will spend a significant amount of over $1 billion into upgrading private and public estates in the next few years, reported Today Online

Meanwhile, the government will also upgrade 55,000 HDB flats under the second round of the Home Improvement Programme (HIP), which is set to start from next year onwards.

Singaporeans aged 21 and above who are married to non-citizens or non-permanent residents can now have additional housin...
11/12/2019

Singaporeans aged 21 and above who are married to non-citizens or non-permanent residents can now have additional housing grants of up to $40,000 when they purchase a resale flat for the first time, reported The Straits Times.

The revised Non-Citizen Spouse Scheme now allows you to have more flexibility in affording and choosing a home.

New condominium sales grew 49.2% quarter-on-quarter (QoQ) or 16.9% year-on-year (YoY) to 3,198 units, compared to 2,736 ...
04/12/2019

New condominium sales grew 49.2% quarter-on-quarter (QoQ) or 16.9% year-on-year (YoY) to 3,198 units, compared to 2,736 units in Q3 2018, reported Singapore Business Review citing a Edmund Tie report.

This figure broke the record set last year, when purchases surged the night before the cooling measures were introduced on 6 July 2018.

Despite a dip in new project launches, more units put up for sale compared to Q3 2018.

Singapore now claims the top spot for real estate investment prospects in terms of price increases in 2020. Hong Kong, r...
27/11/2019

Singapore now claims the top spot for real estate investment prospects in terms of price increases in 2020. Hong Kong, rocked by months of violent political protests, has fallen from 14th place to the bottom of the pile in 2019.

Singapore now has the best investment prospects in the Asia Pacific region, benefiting from the unrest in Hong Kong.

In a joint announcement by City Developments Limited (CDL), CapitaLand, and Ascott Residence Trust (Ascott Reit), the ex...
27/11/2019

In a joint announcement by City Developments Limited (CDL), CapitaLand, and Ascott Residence Trust (Ascott Reit), the existing Liang Court site—located within District 6—will be redeveloped into a mixed-use, integrated development featuring two residential towers with 700 condo units.

The site consists of Liang Court Mall, Novotel Singapore Clarke Quay, Somerset Liang Court Singapore.

Given their more affordable price quantum, smaller condos – or those measuring below 1,000 square feet (sq ft) – made up...
27/11/2019

Given their more affordable price quantum, smaller condos – or those measuring below 1,000 square feet (sq ft) – made up 81.7% of total new sales in the third quarter of 2019, reported Singapore Business Review citing Edmund Tie Research.

The percentage of condominiums measuring less than 500 sq ft rose from 13.6% in Q2 to 15.1% in Q3, while those measuring between 700 sq ft and 1,000 sq ft increased from 30.3% to 33.5%.

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