Property News
Property News – October 2022
31st October 2022
More EC buyers are choosing deferred payments as interest rates rise …… full article here.
*Source from Zao Bao
30th October 2022
Rental market ‘gone bananas’ with surge in demand …… full article here.
*Source from Sunday Times
What new cooling measures mean for buyers …… full article here.
*Source from Sunday Times
29th October 2022
Private home prices up 3.8% in Q3, but price growth seen easing amid headwinds and cooling measures. Prices to grow another 1-2% in Q4 …… full article here.
*Source from Business Times
HDB resale prices up 2.6% in Q3, but rising at slower pace. The public housing market is starting to feel the effects of rising interest rates and inflationary pressures …… full article here.
*Source from Business Times
Co-working space opens in Marsiling MRT Station …… full article here.
*Source from Straits Times
Suburban projects help fuel faster increase in Q3 private home prices …… full article here.
*Source from Straits Times
New private project in Pasir Panjang launching in Q1 next year. Freehold low-rise redevelopment of Flynn Park by Hoi Hup and Sunway …… full article here.
*Source from Zao Bao
28th October 2022
Singapore’s inflation to slow but stay high in 2023 as firms pass on costs. On the external front, easing supply constraints and weakening global demand should bring commodity prices down …… full article here.
*Source from Business Times
27th October 2022
A 4-room HDB resale flat at Pinnacle @ Duxton transacted at record high of S$1.37 million …… full article here.
*Source from Zao Bao
26th October 2022
Singapore homeowners spending more of income on mortgage …… full article here.
*Source from Business Times
25th October 2022
*Source from Business Times
24th October 2022
Copen Grand EC at upcoming Tengah Town sells 73% of units on launch day. Eligible buyers buy 465 units, with all 4-bedroom deluxe units fully sold …… full article here.
*Source from Business Times
21th October 2022
Most Singaporean households able to continue servicing mortgages amid rising interest rates …… full article here.
*Source from Straits Times
Wait-out period waived for 220 private property downgraders …… full article here.
*Source from Business Times
19th October 2022
Copen Grand EC Preview received 2300 applications, almost 4 times the total number of units …… full article here.
*Source from Straits Times
Luxury condo sales hold up in Q3 even as top-end GCB market softens …… full article here.
*Source from Business Times
*Source from Business Times
About 54% of million dollar flats are purchased by private home downgraders …… full article here.
*Source from Zao Bao
18th October 2022
BTO flats priced for various budgets, cater to diverse groups. Different attributes and price points mean they are also for those in lower income segments …… full article here.
*Source from Straits Times
New private home sales more than double in September. More than two-third of take-ups, excluding ECs, were in the suburbs; Lentor Modern and Sky Eden@Bedok accounted for 83.6% of all units launched …… full article here.
*Source from Business Times
15th October 2022
Economists not ruling out further scheduled and off-cycle tightening moves by MAS in 2023 …… full article here.
*Source from Business Times
13th October 2022
*Source from Business Times
Residential property rents and volumes rise in September in a ‘landlord’s market’. Condo rentals are higher for the 21st straight month …… full article here.
*Source from Business Times
12th October 2022
*Source from Business Times/Straits Times/Zao Bao
11th October 2022
*Source from Business Times
9th October 2022
Impact of cooling measure on smaller HDB resale flats being tracked as demand for these flats may rise with the latest cooling measures to moderate demand for bigger flats …… full article here.
*Source from Sunday Times
8th October 2022
*Source from Zao Bao/Straits Times
*Source from Business Times
7th October 2022
Record number of million-dollar flats sold in September. HDB resale prices up again as record 45 units cross S$1m …… full article here.
*Source from Business Times/Straits Times
HDB to waive wait-out period to buy HDB resale flats for some downgraders …… full article here.
*Source from Straits Times
CDL starts previews for Copen Grand EC in Tengah today, 7th October 2022. This residential project is being developed jointly with MCL Land; prices to start from S$1.08m for a 2-bedroom unit …… full article here.
*Source from Business Times/Zao Bao
Chinese are biggest buyers of local condos in year 2022. Foreign buying of non-landed homes near pre-pandemic levels …… full article here.
*Source from Straits Times
6th October 2022
Some property news on recent rate hikes, cooling measures and market updates from Business Times Property Section …… full article here.
*Source from Business Times
The number of foreign buyers for Singapore’s non-landed private homes has increased …… full article here.
*Source from Zao Bao
The era of low interest rates may not be over. The fundamental reasons that interest rates were so low three years ago have not changed; if anything, they have gone stronger …… full article here.
*Source from Business Times
Four public housing estates to be zoned as car-lite areas – Ulu Pandan, Mount Pleasant, Tengah and the Greater Southern Waterfront …… full article here.
*Source from Straits Times
More young Singaporeans choosing co-living spaces. Higher property prices and a shift in mindset on renting among reasons …… full article here.
*Source from Straits Times
5th October 2022
Local banking trio raise fixed home loan rates further to 3.5% or more. Move comes after Singapore introduce fresh measure to tighten housing limits on housing loans with effect from 30 September …… full article here.
*Source from Business Times
New HDB flats more affordable than housing in comparable cities …… full article here.
*Source from Business Times/Straits Times
Call for flexibility in policies amid high interest rates. Suggestions include making HDB loans available to those who have taking a bank loan …… full article here.
*Source from Business Times
Rational for latest property cooling curbs meant to keep flats affordable and encouraging prudent borrowing …… full article here.
*Source from Business Times
4th October 2022
Growth in HDB resale prices slows slightly, up 2.4% in Q3, but expected to dip. We will see fewer million-dollar resale flats sold …… full article here.
*Source from Business Times
The number of HDB upgraders to private homes expected to continue to drop …… full article here.
*Source from Zao Bao
Singapore’s Q3 private home prices up 3.4% as new launches see strong sale. Broad-based price growth across all segments, with sharp jump in non-landed market …… full article here.
*Source from Business Times
Private home prices continue to climb, led by 7% surge in suburban condos …… full article here.
*Source from Straits Times
3rd October 2022
Private new homes supply dropped 64% in Q4 2022. Prices expected to hold in the short-term, while expect rent to rise further with new 15-month wait-out period and dwindle supply …… full article here.
*Source from Zao Bao
2nd October 2022
Aspiring HDB resale flat buyers scramble to adjust to changes. Read on the impact of new measures …… full article here.
*Source from Sunday Times
1st October 2022
*Source from Business Times/Zao Bao
Tighter borrowing limits in line with weakening risk appetite among banks. Banks would have intended to account for rising interest rates by raising internal stress test rates …… full article here.
*Source from Business Times
*Source from Business Times/Straits Times/Zao Bao
*Source from Zao Bao/Straits Times
*Source from Straits Times
New private homes in the vicinity of Holland has always been a favourite spot for foreign home buyers. This has contributed to the rise in prices of new launches in this area …… full article here.
*Source from Zao Bao