Industrialists and third-party facility providers such as property funds/developers who own industrial properties on JTC-leased sites will now be required to hold these properties for a longer period before they may sell them. JTC has also extended the minimum occupation…
It would appear that Singapore has lost some of its lustre, slipping four spots to seventh place in terms of investment appeal, and dropping six spots to ninth position on the development prospects front, according to the latest real estate…
The market for Housing and Development Board (HDB) resale flats continued to weaken last month, with median cash-over-valuations (COVs) falling to their lowest level in more than four years. Median COVs fell 30.1 per cent to $8,000 in November, according…
Malaysia has granted a substantial tax break to a zone in a showpiece investment project near Singapore, a move likely to provide crucial support to a US$800 million initial public offering of the area’s developer next year. The Medini area…
National Development Minister Khaw Boon Wan has asked Singaporeans to share their ideas on proposals from the Draft Master Plan 2013 (DMP13) to aid its implementation. Writing on his blog yesterday, he said: “Many of these ideas need strong support…
The government’s measures to cool the residential property market have had significant impact: Transaction volumes have plunged, new home loan sales have contracted and loan-to-value (LTV) ratios have improved. “The series of property-related measures taken by the government over the…
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…
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…
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…
Singapore’s home prices fell at a faster pace in October, dropping 1.2 per cent from the previous month as evidence builds that the government’s efforts to cool the property market are working. The Singapore Residential Price Index fell to 159.1…
Singapore New Project Launches 