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November 24, 2020
Here's the number of HDB flats reaching minimum occupation period (MOP) and entering Singapore's resale market in 2020 and 2021

Have you noticed the lift at your block being extra slow lately, as movers or renovators keep cramming into it? Or have you seen more strangers walking up and down the corridors of late, peering into nearby flats? Consider it the result of a record-breaking 50,000+ flats reaching their Minimum Occupation Period (MOP) between 2020 […]

November 19, 2020
Luxury apartments in hot demand despite economic woes

Focus on capital preservation throughout the Covid-19 pandemic has driven many investors to divert their monies to real estate properties in property hot spots such as Singapore. WEALTHY investors are out in force this year although the global economy is teetering on the brink of a deep recession. Well-heeled buyers have been on the prowl […]

October 25, 2020
Housing Board's annual deficit grows to $2.66b

The Housing Board's deficit climbed to $2.66 billion in the financial year ended March 31, from about $1.98 billion the year before. This is the statutory board's highest deficit figure so far. It comes largely on the back of a gross loss on the sale of flats, disbursement of Central Provident Fund (CPF) housing grants […]

October 24, 2020
HDB resales hit 10-year high in Q3 as prices surge

Private home prices also up, driven by landed properties, buying on city fringes and suburbs The Housing Board resale market roared to life in the third quarter amid a recession triggered by the Covid-19 pandemic, with transactions surging to a 10-year high and prices growing at the fastest clip in the past eight years. In […]

October 16, 2020
HDB launches roadmap for designing towns, with focus on healthy living, green spaces and smart technology

SINGAPORE: Residents of future public housing can look forward to more greenery, facilities to promote physical and social wellbeing, as well as smart infrastructure in their homes. This is part of the Housing and Development Board’s (HDB) new roadmap for designing towns over the next decade. Speaking at the launch of the Designing for Life roadmap on […]

October 11, 2020
Will the clampdown on OTP re-issuance rein in private housing market distortions?

Of property options and market distortions After months of trying to persuade private housing developers not to indulge in the continual re-issuance of options to purchase (OTPs) upon expiry, effectively allowing buyers to defer their purchase and payment, the authorities finally clamped down on the practice on Sept 28. While the newly introduced restrictions on options are […]

October 11, 2020
Agents channelling a chunk of commissions to buyers

WHILE the authorities' move to put curbs on developers re-issuing options to purchase should help reduce some distortions in Singapore's private housing market, another source of distortion persists. This originates from property agents who channel a chunk of the commissions received from developers, to buyers - to boost their chances of clinching sales. This is sometimes […]

October 8, 2020
Bigger is better for Singapore home buyers in 2020

HOME owners are trading up, spurred to take that plunge of a bigger financial commitment by the work from home trend which has led to a surge in sales of large condos. These are defined as more than 1,200 square feet (sq ft) in size. The most popular large units are in the 1,200 - […]

October 3, 2020
四组买家出价15次 半独立洋房八分钟内340万拍售

一栋两层楼半的永久地契半独立洋房引来四组买家竞逐,最后在八分钟之内以340万元卖出,成交价相等于每平方英尺1017元。 这个成功在网上拍售的房产位于道德路(Toh Tuck Road)69号,面积3340平方英尺,是房地产公司ERA上个月28日举行的首个实时网上房地产拍卖活动上推出的八个房地产之一。 ERA在声明中说,道德路69号洋房的竞逐“火爆”,总共有四组买家出价15次,其中7次出价是在竞标最后三分钟进行的。成交价从300万元起拍后就一路飙涨,最后以340万元成交。 成功标得该房产的是一个新加坡家庭,他们打算自己住,并且不愿意接受访问。 道德路69号洋房是抵押逼售房地产,卖方是一家本地银行。ERA在拍卖目录中A说,该房产是适合改建或重建的理想永久地契房产。 去年7月,和道德路69号洋房相邻的另一栋半独立洋房道德路69号A以410万元或每平方英尺1214元售出。 资料来源: 海峡时报

October 1, 2020
确保房地产市场健康发展

尽管冠病疫情导致我国陷入经济衰退,但是房地产市场还是相当强劲。今年首八个月,新私宅销售量达6198个单位,比去年同期只下跌4.5%。其中,在8月份,发展商售出的新私宅数量,创下11个月来月销售量的最高水平。房地产分析师认为,今年全年的新私宅销售量有望超越去年的9912个单位。 另一方面,虽然私宅供应量激增,但是发展商并没有削价求售。今年第二季,市区重建局私宅价格指数环比上升0.3%。相比较之下,我国第二季经济环比萎缩42.9%,私宅价格走势比总体经济表现好得多。 房地产市场表现优异,主要原因是利率持续走低。银行存款利率微薄,再加上房贷利率下跌,吸引了不少组屋提升者以及投资者进场。在2014年,建屋局售出超过2万5000个单位的组屋,而隔年再发放超过2万3000个单位。这些组屋的屋主在今年满足了五年最低居住年限的规定,可以在公开市场脱售组屋,并成为新私宅的潜在买家。此外,在经济衰退下,私宅价格不跌反升,也令一些在场外等待多时的潜在买家投入市场。 但从市区重建局前天推出的新措施显示,发展商以及房屋经纪的促销方式,也可能是推动房地产市场的另一个原因。该局在发给发展商和律师等房地产业内人士的通知书中宣布,即日起限制发展商与买家一再延长买家选购权书,以确保买家谨慎购房。这项禁令也有助于防止发展商与房屋经纪炒高私宅销售数据,并减少哄抬房价的现象发生。 市建局在通知书中指出,虽然选购权书的有效期是三个星期,但是它发现到,有发展商在选购权书到期后,重新发出选购权书给同一个单位的同一个买家,以延长选购期的期限。因此,在新的措施下,它禁止发展商在一年内向同一单位的买家重新发出选购权书,并规定他们预先告知买家,以确保买家在选购期到期时有能力完成交易。 据业内人士反映,一般新推出的私宅项目,有三成至五成的买家会提出重新发出选购权书的要求,而有些选购期延长达18个月之久。这导致选购与最后签订买卖合约的数据出现落差,从而夸大了房地产的销售数据。在目前经济萎靡的情况下,这个落差可能扩大,并影响发展商的现金流与融资能力,尤其是小发展商。 另一方面,发展商为锁住买家而重发选购权书,也将鼓励冲动性的购屋与投机行为。那些最终无法如期完成买卖合约的买家,将在选购权书失效后损失相当于1.25%屋价的订金。以售价100万元的私宅为例,买家被没收的订金达1万2500元。 发展商以及房屋经纪若为了推高销售数据而钻法律空子或打擦边球,只会使房地产监管措施越收越紧。此外,通过延长选购权而吸引那些没有负担能力的买家,最终也不符合发展商以及房地产经纪的利益。在这一方面,产业发展商公会以及房地产代理理事会应对会员晓以大义,并监督害群之马,以减除条规进一步收紧的必要。 当然,买者自慎,买家更应该自律,尤其是在这个非常时期。宏观经济前景乌云一片,失业率以及裁员的情况将加剧。不少房贷贷款者,已向银行要求延付房贷本金或利息。因此,买家在买房前,应该做好财务规划,避免过度的承担。此外,房地产潜在供应量相当大,买家可货比三家,避免受哄抬价格的左右。 政府推出多轮的降温措施后,好不容易才驯服了脱缰之马的房地产市场。但健康的房地产市场,有赖于发展商、房屋经纪以及买家发挥自律的精神。当房地产市场走向稳健发展的道路时,相信政府将会逐步解除降温的措施。 资料来源: 海峡时报

October 1, 2020
URA clampdown on option re-issue with effect from 28 Sept 2020

THE Urban Redevelopment Authority (URA) has curbed private housing developers from re-issuing the option to purchase (OTP) to the same buyers of the same unit with immediate effect, amid worries that "financial discipline" is slackening despite the recession. Source: URA, The Business Times URA clampdown on option re-issue may have some cooling effect on property […]

September 29, 2020
60% of Hong Leong's Penrose condo sold over launch weekend

Hong Leong group sold 60.3 percent of its Penrose condominium over its launch weekend, with the reception among buyers in line with recent data showing bullish new home sales defying the ongoing coronavirus pandemic. As at 5pm on Sunday (Sept 27), 341 units out of 566 in the 99-year leasehold development in Sims Drive had been taken […]

September 11, 2020
August new home sales surge to 11-month high on pent-up demand

PENT-up demand continues to drive new home sales with 1,227 units sold in Singapore in August, an 11-month high with confident buyers pushing prices upwards amid worsening economic conditions and rising unemployment. The high number of transactions surprised some because it was also the Hungry Ghost month, but it got an extra lift from Forett […]

September 10, 2020
Campus-style development for one-north by end-2021

A cluster of 12 heritage bungalows in Rochester Park in Buona Vista will house a mix of office, retail and food outlets as part of a new integrated development to be built by the end of next year. These black-and-white bungalows, some of which used to be leased out to food and beverage operators, will […]

August 21, 2020
Despite Covid-19, Singapore real estate remains hot property for global companies looking to tap into the Lion City

High-visibility projects like Marina Bay’s The Fullerton Hotel, as well as major commercial investments from Alibaba and Shun Tak Holdings, confirm what the analysts say – that the longer-term fundamentals of the Singapore real estate market remain strong, despite the coronavirus pandemic. Global headwinds failed to shake investor confidence in Singapore last year, with investment […]

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