TDSR encourages prudent borrowing: MAS
There have been improvements to the risk profile of borrowers thanks to the Total Debt Servicing Ratio (TDSR) framework, according to the Monetary Authority of Singapore (MAS) in media reports.Notably, more people are forking out a down payment of at least 30 percent, resulting in a lower debt...
Continue Reading • 2 Jul 2014
MND says no to relaxing property cooling measures
The Ministry of National Development (MND) said it is too early to relax the property cooling measures, according to media reports. The cooling measures include extra stamp duties to rein in speculative buying as well as the total debt servicing ratio (TDSR) framework which was rolled out last...
Continue Reading • 2 Jul 2014
Crowdfunding expo comes to SG
Real estate crowdfunding, although still in its infancy, will take centre stage in Singapore next month with the EPIC event, being held in conjunction with Wealth Migrate, the Global Wealth Group and CoAssets .Joseph Barisonzi, widely known as the ‘Mark Zuckerberg’ of crowd funding,...
Continue Reading • 2 Jul 2014
The Asian rush for black gold
Latest figures from the National Association of Realtors revealed that Chinese buyers now account for 12 percent of all foreign investors in American real estate.And in his first public engagement since taking up office, Max Baucus, the U.S. Ambassador to China, highlighted the importance of...
Continue Reading • 2 Jul 2014
Look what's coming to Bangkok
Piling work has begun on what is touted as being the largest private property development to ever take place in Thailand, and one that will bring a world-class iconic development to central Bangkok.Work on the THB50 billion Iconsiam project, a joint-venture between developers Siam Piwat,...
Continue Reading • 2 Jul 2014
Oxley's SOHO concept in Cambodia a big draw
More than 500 residential units and 200 SOHO (Small office Home office) units have been snapped up at Oxley Holdings’ new mixed-use development in Cambodia.Launched on 12 June, the majority of buyers at The Bridge in Phnom Penh are Cambodians, but the freehold property comprising 963 SOHO...
Continue Reading • 1 Jul 2014
DTZ appoints new Head of Global Occupier Services in APAC
David Jones is DTZ’s Head of Global Occupier Services (GOS), Asia Pacific, effective today.Jones was previously DTZ’s International Director, Global Corporate Services across Europe, Middle East and Africa (EMEA). As Head of GOS in Asia Pacific, Jones will work to grow DTZ’s...
Continue Reading • 1 Jul 2014
Potong Pasir HUDC Estate privatised
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...
Continue Reading • 1 Jul 2014
Singapore bank lending up 1.1% in May
Singapore’s total bank lending inched up by 1.1 percent in May from the previous month, preliminary data from the Monetary Authority of Singapore (MAS) revealed today (30 June). This was higher than the 0.6 increase recorded in April.According to the central bank, the city-state’s...
Continue Reading • 30 Jun 2014
Punggol to host new SAFRA club
A new $57 million waterfront SAFRA club in Punggol is expected come early 2016.Integrated with the Punggol Waterway Park, the new SAFRA Punggol located along Sentul Crescent will consist of five storeys and house a suite of facilities for enrichment, recreation, fitness and entertainment.In his...
Continue Reading • 27 Jun 2014
JB readying for new wave of Singapore buyers
Demand hotting up for new developments surrounding the future rapid transit system (RTS) and CIQ complex.Malaysian developers are positioning themselves to tap on the anticipated surge in Singaporean buyers for properties located in Johor Bahru city centre; particularly projects near the future...
Continue Reading • 27 Jun 2014
What will it take to roll back stamp duties?
The Total Debt Servicing Ratio (TDSR) framework will not be removed any time soon, according to the latest Singapore residential property report by OCBC Investment Research.“We believe that the TDSR framework is here to stay, while other measures, such as the Additional Buyer’s Stamp...
Continue Reading • 26 Jun 2014
Home prices to dip 10 to 20%: OCBC
OCBC sees residential prices will dip ten to 20 percent over 2014 to 2015.However, a price crash in excess of 20 percent is unlikely, even after accounting for the anticipated physical oversupply and interest rate uptrend ahead, according to a recent OCBC report. “One key argument against a...
Continue Reading • 26 Jun 2014
Spotlight on Dubai property
Residential property prices in Dubai continue to lead the rest of the world with a recorded price growth of 27.7 percent over 12 months to the end of March 2014, according to the latest Knight Frank Global House Price Index which ranked the emirate top among 54 countries. Other factors that make...
Continue Reading • 26 Jun 2014
Developer selling off remaining condos at Vermont on Cairnhill
Bukit Sembawang Estates is looking to sell the remaining 30 units at Vermont on Cairnhill (pictured), a luxury condominium located near Orchard Road.Only two and three-bedroom apartments are still available for sale at the 158-unit freehold project which received TOP a month ago. Sizes range from...
Continue Reading • 26 Jun 2014
SLA opens three sites for public use
The Singapore Land Authority (SLA) will open more green fields for public use, with three sites identified so far.The first, which is already available for use, is located at the former Manjusri Secondary School at 149 Sims Drive. Measuring 9,084 sq m, the field is slightly bigger than a soccer...
Continue Reading • 26 Jun 2014
Three residential sites released
The two residential sites at Fernvale Road (Parcels A & B) and one Executive Condominium (EC) site at Choa Chu Kang Drive are launched for sale today under the Confirmed List. These three sites can yield about 1,700 residential units, and are offered on a 99-year lease. Parcels A &...
Continue Reading • 26 Jun 2014
Vacant luxury homes nearing 10% threshold
Vacancy rates in the prime districts are likely to increase as more projects are completed. According to the latest report by HSR Research, this will cause rents to come under pressure and prices will be capped. Based on quarterly data, the current average vacancy rates in the central region of...
Continue Reading • 25 Jun 2014
World Cup affecting Trilive sales
Trilive, Roxy-Pacific Holdings’ 222-unit condominium project in Kovan witnessed a slow start, with 30 of the 80 units released snapped up since sales began last Friday, said media reports.“The market is challenging. And potential buyers also seem to be distracted by the World...
Continue Reading • 25 Jun 2014
Vita's latest student offering
Student accommodation provider Vita Student will be unveiling its latest British residential investment opportunities at two special events in Singapore this week.Working in conjunction with Singapore real estate agency Tarian Real Estate they will be giving local investors the opportunity to...
Continue Reading • 25 Jun 2014