Showflats.SG

03/01/2022

Flash Estimates Summary
Singapore Property Market 2021

HDB resale flat prices ⬆️ 12.5%
Private residential home prices ⬆️ 10.6%
CCR rose 3.7%
RCR rose 16.9%
OCR rose 8.4%

The Business Times -

15/12/2021

15/12/2021

The private residential and HDB resale markets have been buoyant, despite the economic impact of COVID-19. The Government just announced a package of cooling measures:

1. Tighten Total Debt Servicing Ratio (TDSR) threshold from 60% to 55%;
TDSR stops you from over leveraging on loans: even a 5% extra restriction could prevent you from securing enough housing loan
(If you are below 35 years old and earn $10k a month, the 5% change in TDSR essential lowered your max housing rate by $111k)

2. Increase Additional Buyer's Stamp Duty (ABSD) rates across the board, except for Singapore
Citizens and Singapore Permanent Residents buying their 1st residential property;

3. Tighten the LTV limit for loans from HDB from 90% to 85%.

4. Raise ABSD rate to 35% for developers purchasing any residential property.
May slow down Developer from going through en bloc sales

https://www.mnd.gov.sg/newsroom/press-releases/view/measures-to-cool-the-property-market

The total debt servicing ratio will also be tightened from Thursday. . Read more at straitstimes.com.

23/11/2021

Around 5,000 HDB flats to be built in Mount Pleasant; first BTO project for sale in next 5 years

SINGAPORE - Around 5,000 new Housing Board (HDB) flats will be built on the site of the former Police Academy in the Mount Pleasant area, with the first Build-To-Order (BTO) project to be launched within the next five years.. Read more at straitstimes.com.

27/10/2021

Prime Area BTOs to face 10-year MOP period. 😱
Don’t forget to add in 4 to 5-year construction period

SINGAPORE: Buyers of future Build-to-Order (BTO) flats in prime locations will face a longer minimum occupation period (MOP) of 10 years, as part of a new model meant to keep housing in these locations accessible for Singaporeans, said the Housing & Development Board (HDB) on Wednesday (Oct 27). T

06/08/2021

CBD International Plaza set to kick-start mixed-use collective sales bid.

Source: The Straits Times

International Plaza in Tanjong Pagar is set to embark on its first mixed-use collective sale attempt that could potentially smash records in terms of unit

24/06/2021

Group led by Daniel Teo buys Mt Rosie bungalow for $43.8m

Source: The Business Times

By Kalpana [email protected].

18/06/2021

IOI Properties said to have triggered Marina View plot

Source: The Business Times

By Kalpana [email protected]@KalpanaBT

16/06/2021

URA launches 2 one-north GLS sites for sale

Source: The Straits Times

The Urban Redevelopment Authority (URA) yesterday launched two residential-cum-commercial sites in Buona Vista for tender.