NEW home sales in Singapore halved from a record tally of 2,793 units in March to just 1,375 last month as developers turned cautious on launches and home seekers held out for better buys. Consultants believe March's surge in sales was likely a one-off spike owing to pent-up demand af...
The priciest high-end condominium transaction in Singapore this year, in per sq ft terms, was for a unit at Ardmore Park (above). Across Asia, luxury home prices are climbing, except in Singapore and Hong Kong. -- ST PHOTO: MIKE LEE PRICES of luxury homes con- tinued to rise across mu...
ONE of the first condominiums to be launched after the most recent round of market cooling measures has drawn strong buyer interest. Sources told The Straits Times that developer Tuan Sing Holdings has collected at least 400 blank cheques since the showflat for Sennett Residence in Po...
SBI Singapore chief executive and country head Anil Kishora says buying rather than renting is more cost-effective in the long run. -- ST PHOTO: RAJ NADARAJAN WHILE most banks around the world are slashing costs, State Bank of India (SBI) is looking to spend big on Singapore real esta...
Unclear picture: It's not confirmed that investors are exempted from regulations on bumiputra employment in Medini. - PHOTO: SAINI SALLEH [SINGAPORE] Iskandar Malaysia may hold out promise to Singapore firms seeking a reprieve from high costs, or to property investors hunting down a l...
Mr Julian Sedgwick (Director - Head of Business Development for International Residential Sales Asia Pacific, Savills) touched on investing in London and UK. Singapore, 2 March 2013 – The stage was set for the long awaited event, the STProperty Seminar as property buyers and potential...
Units at the recently completed Trizon project (above) are being rented out for between $6,500 and $7,000 a month for a three-bedroom unit. -- TNP FILE PHOTO RESIDENTIAL property in the Holland and Bukit Timah neighbourhoods has proved resilient in the face of January's cooling measur...
Minister for National Development, Mr Khaw Boon Wan, speaks to the media during the announcement of the preliminary plans for Woodlands Regional Centre at a Sembawang Community Event on Feb 24, 2013. -- ST PHOTO: DESMOND LUI RESIDENTS in northern Singapore may soon get their own mini-...
-- PHOTO ILLUSTRATION: ISTOCKPHOTO SOME property investors may finish up with poorer rental returns as a result of higher property taxes on investment homes announced in Monday's Budget. Analysts say that a second Budget measure, the withdrawal of tax refunds for vacant properties, co...
Up, up and away: With investment property taxed the most, investors may take their capital overseas or they may switch to commercial properties as tax rates for non-residential properties remains at 10%. - PHOTO: YEN MENG JIIN OWNERS of high-end homes will face higher taxes, with inve...
Mr Sameer Aswani, 37, at his home at 9B Broadrick Road. He says it would be fair to pay more taxes if one could afford to buy a luxury home. -- ST PHOTO: DESMOND LIM THE well-off who own luxury residences and investment homes will pay higher property taxes. These will be introduced in...
Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam yesterday delivered Budget 2013, a round-up of strategies and directions for building a better Singapore, to achieve quality growth and an inclusive society. On the property market front, the following policies were tab...
No takers for many high-end condos but supply not slowing any time soon THE anaemic high-end property market is still languishing as foreign buyers flee the market in the wake of the string of cooling measures and the residual sting of the global financial crisis. New analysis by R'ST...
BIG DEVELOPMENT: An artist’s impression of the 755-unit Trilinq in Jalan Lempeng. Its showflat will be open today, with preview sales expected early next month. Indicative average prices are about $1,500 per sq ft. -- PHOTO: IOI CORPORATION AROUND 17 new condominiums comprising almost...
A unit at Block 194 Bishan Street 13 changed hands for $1.01 million last month.The price of the 26-year-old unit is about $580 psf. -- ST PHOTO: TED CHEN A NEW record has been set for Housing Board resale flats, with a 1,750 sq ft executive maisonette in Bishan changing hands for $1....
International Property Advisor chief executive Ku Swee Yong said owners think HDB flats (left) can appreciate further, outpacing private properties (right). -- ST PHOTO: CAROLINE CHIA A HIGHER percentage of home owners are holding on to their Housing Board flats, reversing a trend tha...
Far East Organization was behind 10 per cent of the 22,290 new homes sold last year, making it the top seller of private homes, said DTZ Research. -- ST FILE PHOTO DEVELOPER Far East Organization was again the top seller of private homes last year, topping the table with 2,181 transac...
A new priority scheme to help married couples with young children secure a new Housing Board flat more quickly has seen a strong take-up. -- PHOTO: MOHD KHALID BABA A NEW priority scheme to help married couples with young children secure a new Housing Board flat more quickly has seen ...
Sin Soon Lee Realty set up its office in a strata industrial building it developed. It is unclear whether it has fully vacated its office in the Shun Li Industrial Complex in Sims Drive. -- ST PHOTO: JOYCE FANG SOME industrial property developers have been taken to task by the authori...
![[FINANCIAL GUIDE] Some basic things to consider before shopping for a mortgage](http://static.openruby.com/assets/pages/6b/15/6b157e01ea3ab608f0cdf67a8169976f_100.jpg)
Interest is the cost of borrowing. So naturally it is a key deciding factor when selecting a loan. You will not want to pay an excessive price for borrowing; therefore take note of the interest rate over the entire life of the loan, not just in the beginning. To compare the interest p...
![[S'PORE PROPERTY NEWS] SEVERAL million dollars that the taxman stood to lose will remain in his clutches after this:](http://static.openruby.com/assets/pages/13/17/1317b65fc9c1b5577861146f9f60881f_100.jpg)
SEVERAL million dollars that the taxman stood to lose will remain in his clutches after a recent landmark Court of Appeal ruling. The closely watched court dispute centred on whether building depreciation expenses could be subtracted from gross rents when computing annual values for t...
City in a garden: Feedback about developments at Punggol South (above) has been positive, Mr Khaw notes. The same applies for preliminary plans for Punggol North.- PHOTO: SEAH KWANG PENG/THE STRAITS TIMES [SINGAPORE] The future of Singapore will look like Punggol, National Development...
Speaking in Parliament during the White Paper debate yesterday, Mr Khaw's vision of the Singapore of the future is Punggol (above) – “multiplied by many times”. -- ST PHOTO: SEAH KWANG PENG THE Singapore of the future will not be a concrete jungle to house a bigger population, said Na...
CapitaLand projects such as The Interlace at Alexandra Road (above) have slashed prices by an additional 10 per cent, while d'Leedon in the former Farrer Court estate offered discounts of up to 15 per cent for some units. -- PHOTOS: FILE, SEAH KWANG PENG DEVELOPERS who have been cutti...
SOME 200,000 homes will be ready by 2016, said National Development Minister Khaw Boon Wan yesterday in Parliament, as he sought to assure Singaporeans that progress is being made in "relieving the strains we feel today". Of these, 111,159 are HDB flats, 9,800 are executive condominiu...
![[S'PORE PROPERTY NEWS] Major shift in the way housing & public transport infrastructure will be provided. Read more:](http://static.openruby.com/assets/pages/f0/00/f0007ed046463c976a8fc1a20e47567a_100.jpg)
National Development Minister Khaw Boon Wan said that the Government has learnt "a valuable lesson" from Singapore's current infrastructural problems and has embarked on a major shift in its planning and development strategy. -- ST PHOTO: KEVIN LIM THE Government has made a major shif...
Some residents ofYew Mei Green (above), who objected to a nursing home being sited near their condo, were concerned about the impact of the project on traffic in the area. -- ST PHOTO: JOYCE FANG YET another group of residents is unhappy that a nursing home will be built in their neig...
NATIONAL Development Minister Khaw Boon Wan said the Government has delinked the prices of new flats from the prices of resale flats by varying the discounts given to first-time buyers. This is to keep the prices of new flats stable and affordable for Singaporeans buying public housin...
The crowd at the launch of Alexandra Central on Jan 21. The development includes a 450-room hotel managed by Park Hotel Group. Construction is set to be completed by June 2016. -- PHOTO: LIM YAOHUI FOR THE STRAITS TIMES EXECUTIVE directors of Alexandra Central's developer Chip Eng Sen...
HOME owners are finding ways to reduce the amount they have to pay after hefty stamp duty increases were introduced two weeks ago. One way is for families - say a husband and wife, or a parent and child - who bought a house together to transfer one partner's share to the other person....
