Blog

SG50 inspired Signature At Yishun EC to launch soon

SG50 inspired Signature At Yishun EC to launch soon

Signature at Yishun, a new 525-unit executive condominium (EC) project located at Yishun Street 51/Yishun Avenue 1, will open for e-applications from 11 to 20 September. Developed by JBE Holdings, the 99-year leasehold project comprises two- to four-bedroom units ranging from 764 to 1,302 sq ft. Conceived as an SG50 EC, the project will feature unique facilities inspired by Singapore’s rich heritage, such as a Dragon Playground, Chapteh Terrace and Sepak Takraw Pavilion. The facade of the project’s clubhouse will…

Read More »

Singapore ranks 3rd for residential property investability

Singapore ranks 3rd for residential property investability

Singapore has emerged as the world’s third-best market to invest in residential property, according to a new report by Savills. In its new World Residential Investability Ranking, Savills ranked Singapore below the United States and the United Arab Emirates and above the United Kingdom based on market recovery and economic growth. Notably, Savills ranked 14 leading countries and their cities and resort locations that have consistently attracted investor interest in recent years. While it lists the US as number one, the…

Read More »

Singapore Institute of Technology to move to new campus in Punggol

Singapore Institute of Technology to move to new campus in Punggol

THE Singapore Institute of Technology (SIT), which now operates from an interim campus in Dover Road and has satellite branches in each of the five polytechnics, will move to a permanent home in Punggol. And there, it will be integrated with the new Punggol Downtown and the Housing Board’s upcoming Northshore District. Prime Minister Lee Hsien Loong, announcing this at the National Day Rally on Sunday, said the community will be able to make use of SIT’s facilities such as…

Read More »

HDB, executive condo income ceilings to rise: PM Lee

HDB, executive condo income ceilings to rise: PM Lee

HOUSING policy changes announced by Prime Minister Lee Hsien Loong in his National Day Rally speech on Sunday were seen as efforts to boost home ownership for home renters as well as the middle-income and sandwiched classes, while promoting inclusiveness at the same time. Mr Lee announced four changes in all. Firstly, the income ceiling for HDB flats will be raised from S$10,000 to S$12,000, while that for executive condominiums (ECs) – a public-private housing hybrid – will be…

Read More »

5000 EC units to launch in 2015

5000 EC units to launch in 2015

Around 5,000 executive condominium (EC) units may be launched this year from up to eight new projects, exacerbating the build-up of unsold inventory, revealed media reports quoting consultants. They expect tepid take-up for these EC units, especially when property developers have limited room to adjust prices downwards for sites acquired at high prices. Meanwhile, there are still 2,100 unsold units from 12 EC projects launched. Data from the Urban Redevelopment Authority (URA) shows that vacancy rate of completed and available…

Read More »

Govt to toughen rules on foreign property ads

Govt to toughen rules on foreign property ads

Given the higher risk involved in overseas property investments, the authorities plan to strictly regulate advertisements put up by foreign developers in Singapore, media reports said. In fact, the Council for Estate Agencies (CEA), the Monetary Authority of Singapore (MAS) and Advertising Standards Authority of Singapore (ASAS) are currently working together to review the advertising code. At present, the code only covers general principles. For example, it stipulates that advertisements “should not mislead in any way by inaccuracy, ambiguity, exaggeration,…

Read More »

Jurong East terminus for high speed rail

Jurong East terminus for high speed rail

The Singapore terminus for the Singapore-Kuala Lumpur High Speed Rail (HSR) project will be in Jurong East, announced Prime Minister Lee Hsien Loong on Tuesday and reported in the media. This fits in with overall plans to transform the Jurong area into the country’s second central business district, he said. Elaborating on why Jurong East was picked over the other two locations of Tuas and the city centre, PM Lee said the dense nature of the city centre would make…

Read More »

Singapore Property: Why 28 Shades of Red?

Singapore Property: Why 28 Shades of Red?

The private condo market has lost more than $15 billion in market value since its peak in prices in January 2014. SRX Property used X-Value, its valuation algorithm, to calculate the value of all transacted flats (recorded) at the market’s peak and then compared it with the value at 31 December 2014. At the peak, the measurable market value was about $392 billion while it was $377 billion at the end of 2014. The difference is $15 billion and counting…

Read More »

Bargain Hunting

Bargain Hunting

Price Reversion Not too long from its heyday, the tepid response received for both Executive Condominium (EC) land parcels sold in February this year is reflective of developers’ confidence in the market segment and signalled a possible downtrend in EC prices. Located at Anchorvale Crescent (Sengkang) and Woodlands Avenue 12, the two EC sites received a total of three and seven bids respectively and were awarded to their highest bidder at about S$280 psf ppr, a price unheard of since…

Read More »

Return of buying momentum

Return of buying momentum

Buying momentum picked up last month. Developers sold 613 private homes in March, higher than the 400 units launched. It also represented a 57% spike month-on-month and 28% year-on-year. Kingsford Waterbay led the rebound with 155 units sold at a median price of $1,111 psf, followed by Sims Urban Oasis with 107 units sold at S$1,401 psf. The 49% take-up rate at Kingsford Waterbay was healthy against a backdrop of rising interest rates, stringent lending measures and a slew…

Read More »