Monthly Archives: December 2013

Property fuels surge in S’poreans’ net wealth

Singapore households have been given a clean bill of health as far as their debt is concerned. Despite warnings of an increasing exposure to mortgages, net wealth has grown robustly over the past decade and stands at about four times

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Posted in Property News

Sales for Kaleido terrace houses to start on Jan 4

Sales for Kaleido, a 14-unit cluster of freehold terrace houses along Lorong K Telok Kurau, will start on Jan 4, tagged with an average price of around $1,000 per square foot (psf). The showflat will open for a private preview this

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Posted in Property Investment, Property New Launches, Property News

Reserve-list site in Geylang seen attracting keen interest

The government will be launching two 99-year private housing sites in Geylang this month. Of the two, the one that is expected to draw more developer interest is a plot next to Aljunied MRT Station which has been triggered from

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Posted in Property News

HDB construction to taper from 2014

The massive construction of HDB flats will start to taper off from next year as balance is restored between demand and supply in the market, Minister for National Development Khaw Boon Wan said. But “we will do so in a

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Posted in Property News

JTC launches four Business-2 sites for sale

JTC Corporation yesterday launched four industrial sites zoned for Business-2 development, in Woodlands Industrial Park E9 and Tuas South, for sale by public tender. The plot in Woodlands has a lease of 30 years and maximum permissible gross plot ratio

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Posted in Property Investment, Property New Launches, Property News

New malls to open in Jurong and Bedok

Capitamalls Asia will open two new shopping havens next week, one on each side of the island. On Monday, the shutters will go up at Westgate in Jurong East. The seven-storey mall will have a net lettable area of 410,000

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Posted in Property Investment, Property New Launches, Property News

Spike in number of flats sold below valuation

The number of Housing Board flats being sold below valuation has rocketed, as tighter mortgage rules eat into demand. According to HDB‘s latest figures, 105 units were sold in October for less than their appraisal. This accounted for 7 per

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Posted in Property News

All set for makeover

Many people living and working in sleepy Kampong Bugis are looking forward to the area being transformed into a vibrant residential and lifestyle district as part of government makeover plans. The prospect of more shops, restaurants and other facilities is

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Posted in Property Investment, Property News