New Projects Singapore

14/11/2022

Real estate honchos expect S$2,000 per square foot to be the new benchmark price for private residential properties in the outside central region (OCR), according to poll findings by the National University of Singapore Real Estate (NUS+RE).

And three out of five of survey respondents expect this price level to persist over the next one to two years.

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REAL estate honchos expect S$2,000 per square foot to be the new benchmark price for private residential properties in the outside central region (OCR), according to poll findings by the National University of Singapore Real Estate (NUS+RE). Read more at The Business Times.

11/11/2022

The 606 Ang Mo Kio households whose flats were picked for the Selective En bloc Redevelopment Scheme (Sers) will receive compensation that is about 7.5 per cent higher than previous estimates, due to resale market movements and their flat condition.

HDB cited two main factors for the higher actual compensation that residents will receive. First, the actual compensations reflect resale market movements between the time the estimates were prepared in February and the announcement in April.

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THE 606 Ang Mo Kio households whose flats were picked for the Selective En bloc Redevelopment Scheme (Sers) will receive compensation that is about 7.5 per cent higher than previous estimates, due to resale market movements and their flat condition. Read more at The Business Times.

28/10/2022

Like a sparkling oasis nestled in the city centre, The Lumos offers a rare opportunity to own an exclusive property in Singapore’s prime District 9 location.

With 53 exclusive units, each of the apartments are designed to be spacious with high ceilings, and, for certain units, a duplex layout.

The roomy units enable families to enjoy ample personal space when spending time at home. Selected units are also equipped with private lift lobbies, offering the ultimate privacy and convenience.

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Like a sparkling oasis nestled in the city centre, The Lumos offers a rare opportunity to own an exclusive property in Singapore’s prime District 9 location. Read more at straitstimes.com.

26/10/2022

Homeowner's in Singapore are spending more of their monthly income on mortgage repayments, according to a Tuesday (Oct 25) report by Moody’s Investors Service.

Based on figures from the ratings agency, first-time private residential homebuyers needed 19.4 per cent of their average monthly household disposable income to meet the mortgage repayment on new loans in August 2022. This is an increase from the 17.3 per cent for December 2021.

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HOMEOWNERS in Singapore are spending more of their monthly income on mortgage repayments, according to a Tuesday (Oct 25) report by Moody’s Investors Service. Read more at The Business Times.

14/10/2022

Rental prices for both condominium and Housing and Development Board’s (HDB) properties grew by more than 3 per cent each over the month of September, while volumes rose in tandem.

According to flash estimates by SRX Property and 99.co released on Wednesday (Oct 12), condo rentals rose for the 21st consecutive month by 3.3 per cent from August 2022, with the Rest of Central Region (RCR) registering the highest increase of 3.9 per cent.

Read more:
https://www.businesstimes.com.sg/real-estate/residential-property-rents-volumes-up-in-september-amid-landlords-market

13/10/2022

Executive condominiums (ECs) are increasingly seen as a golden ticket for Housing Board (HDB) upgraders, with nearly 300 units yielding S$500,000 in resale profit as at Aug 29.

Of these 4,266 units, 294 yielded a gross profit of at least S$500,000 each. The record gross profit for an EC in 2021 was S$1.38 million for a resale unit at CityLife@Tampines, followed by S$1.02 million for a resale unit at The Quintet in Choa Chu Kang.

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EXECUTIVE condominiums (ECs) are increasingly seen as a golden ticket for Housing Board (HDB) upgraders, with nearly 300 units yielding S$500,000 in resale profit as at Aug 29. Read more at The Business Times.

12/10/2022

If landed OCR residential property transactions are included, then the gap between the proportion of buyers with HDB addresses and those with private addresses widens.

While the latest round of property cooling measures will impact HDB flat owners’ ability to upgrade to private housing, the effect on mass market homes may not be as great as some might think.

Read more: https://www.businesstimes.com.sg/real-estate/mass-market-condo-sales-expected-to-remain-firm-despite-softening-demand-from-hdb

10/10/2022

Price stability is one of the pillars of Singapore’s housing policies.

Over the years, the Singapore government has introduced various measures to cool housing prices when they are out of sync with economic fundamentals.

For HDB flats, a new 3% rate was introduced to work out how much a borrower can handle in loans from HDB – above the prevailing HDB loan rate of 2.6% used in calculations up to this point. The loan-to-value limit for HDB loans was also cut to 80%, from 85%.

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PRICE stability is one of the pillars of Singapore’s housing policies. Read more at The Business Times.

06/10/2022

When the additional buyer’s stamp duty (ABSD) for foreigners was raised from 20 per cent to 30 per cent on Dec 16, 2021, people could not be faulted for harbouring the view that the luxury segment of the non-landed private residential market would turn cold.

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When the additional buyer’s stamp duty (ABSD) for foreigners was raised from 20 per cent to 30 per cent on Dec 16, 2021, people could not be faulted for harbouring the view that the luxury segment of the non-landed private residential market would turn cold. Read more at The Business Times.

05/10/2022

The Reit and homes markets are more robust due to tight borrowing limits. The risk to the banking system from overly leveraged homebuyers defaulting on mortgage payments, which can be catastrophic, is mitigated.

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When cost of debt is low, loading up on debt to buy a property is compelling. Read more at The Business Times.

04/10/2022

Housing Board (HDB) resale prices rose 2.4 per cent in the third quarter of 2022, making it the 10th straight month of quarterly growth, according to HDB.

HDB said it plans to launch up to 23,000 new flats in 2023. In November 2022, it will offer around 9,500 Build-to-Order (BTO) flats in towns or estates such as Bukit Batok, Kallang Whampoa, Queenstown, Tengah and Yishun.

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HOUSING Board (HDB) resale prices rose 2.4 per cent in the third quarter of 2022, making it the 10th straight month of quarterly growth, according to HDB flash estimates released on Monday (Oct 3). Read more at The Business Times.

03/10/2022

Tighter limits on property loans announced late last night will shrink homebuyers’ purchasing power and pinch on affordability, market analysts observed. And this could feed into greater demand for smaller flats – specifically resale 4-room Housing Development Board (HDB) flats – while also leading to higher rental rates and a slowdown in demand for private property.

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TIGHTER limits on property loans announced late last night will shrink homebuyers’ purchasing power and pinch on affordability, market analysts observed. And this could feed into greater demand for smaller flats – specifically resale 4-room Housing Development Board (HDB) flats – while also le...