PropertyGuru.com.sg As of end May 2014, 779 executive condominium (EC) units had been launched and remained unsold. The Ministry of National Development (MND) revealed this following a written query at yesterday’s parliament session. In the next 18 months, about 6,800 EC units are expected to be launched. The HDB website lists 18 EC projects available
read the rest…

PropertyGuru.com.sg Buyers now prefer new private houses with a total price tag of up to $1.2 million rather than pricier units, due to the introduction of the total debt servicing ratio (TDSR) framework in June 2013. In the past 12 months, sales of private homes sharply declined for units costing more than $1.2 million, according
read the rest…

PropertyGuru.com.sg The Thailand Property Show is back this weekend with Thailand’s Ambassador to Singapore, His Excellency Marut Jitpatima gracing the event with an opening address. The exhibition will feature some of the country’s best investment and residential property options. About ten real estate projects from different parts of Thailand, including from Phuket and Krabi, will
read the rest…

PropertyGuru.com.sg The recent decline in private home prices, according to the Urban Redevelopment Authority (URA)’s flash estimate, marks the third continuous quarter of price decrease. In a statement, JLL cites the continued softening as a reflection of the imbalance between supply and demand. This has led to new launch prices being toned down, as well
read the rest…

PropertyGuru.com.sg The private residential market looks to be heading towards a more muted growth trajectory with weak demand, according to PropNex. Although liquidity remains flushed in the market, the multiple rounds of government measures have effectively tightened credit and the agency believes this should continue to rein in home buying. PropNex’s CEO Mohamed Ismail Gafoor
read the rest…

PropertyGuru.com.sg Four mid-sized property agencies in Singapore – OrangeTee, SLP International, Dennis Wee Realty and HSR International – have formed an alliance to better address the “shrinking pool of buyers”, said media reports. Dubbed Project Alliance Group (PAG), the alliance will rival two of the market’s largest players, PropNex Realty and ERA Realty. According to
read the rest…

PropertyGuru.com.sg The Potong Pasir Avenue 1 HUDC Estate will be converted into a strata-titled property under the Land Titles (Strata) Act as of today. The HUDC Estate comprises 175 units of flats at Blocks 110 to 112 at Potong Pasir Avenue 1. With the privatisation, the Potong Pasir Town Council will no longer be responsible
read the rest…

PropertyGuru.com.sg The private residential property index fell 2.3 points from 211.6 points in first quarter 2014 to 209.3 points in second quarter 2014, according to the Urban Redevelopment Authority (URA)’s flash estimate of the price index for private residential property released today. This is a decline of 1.1 percent, compared to the 1.3 percent decline
read the rest…

PropertyGuru.com.sg Prices of non-landed private homes in Singapore rose 0.8 percent in May, following a revised 1.0 percent decline in April, showed the Singapore Residential Price Index (SRPI) published by the National University of Singapore (NUS) yesterday. Home prices in the Central Region (excluding shoebox units of up to 506 sq ft) climbed 0.7 percent,
read the rest…

PropertyGuru.com.sg The Crest, a condominium project located along Prince Charles Crescent saw more than 30 units sold during its first weekend sales, said media reports. It is understood that its developers have granted options for these units. Average prices at the 99-year leasehold project reportedly stands at around $1,750 to $1,800 psf, prior to the
read the rest…