Property News September 2022

Property News – September 2022

30th September 2022

Housing loan limits tightened in fresh measures to cool property market. Total Debt Servicing Ratio (TDSR), Mortgage Servicing Ratio (MSR) and Loan-To-Value limits hardened, 15-month wait-out period introduced for private property owners eyeing HDB resale flats …… full article here.

*Source from Business Times

New POSB home loan package offers rate similar to that of HDB loan …… full article here.

*Source from Straits Times

Stricter property loan limits to moderate market demand …… full article here.

*Source from Straits Times

Resale EC price jump 80% to 200% after privatisation. As EC price is on average 20% lower than 99-year leasehold private property at launch, this makes it an attractive choice for those who are eligible to purchase with its higher appreciation potential …… full article here.

*Source from Zao Bao

29th September 2022

Non-landed private resale home prices up in August at slower pace …… full article here.

*Source from Zao Bao

26th September 2022

266 million-dollar HDB resale transactions so far, more than the whole of year 2021 so far …… full article here.

*Source from Straits Times

Singapore is seeing more foreign talents coming in to Singapore. This has caused the high-end private home rent to trend upward …… full article here.

*Source from Zao Bao

25th September 2022

Factors affecting shophouse buying spree – some of the reasons are growth of family offices, no ABSD chargeable for commercial properties, etc …… full article here.

*Source from Sunday Times

Paying more for integrated properties is worth it as they can fetch higher sales and rents while it is limited in supply …… full article here.

*Source from Sunday Times

24th September 2022

UOB and DBS ceasing fixed-rate home loans for now, reviewing interest rates …… full article here.

*Source from Straits Times

Singapore overtakes Hong Kong in world financial centres ranking …… full article here.

*Source from Business Times

Land betterment charge raised in buoyant property market. Rate hikes in certain segments, with the sharpest increase for non-landed residential use …… full article here.

*Source from Straits Times

23rd September 2022

LBC rates (previously known as Development Charge) up on average by 12.9% from 23 September 2022. Expect property prices to go up …… full article here.

*Source from Business Times

22nd September 2022

New city fringe condo prices climbing closer to those in central region. This has open up a window for buyers to purchase a similiar-sized home in the CCR with the same budget as that for a RCR home …… full article here.

*Source from Business Times

4% CPF floor rate extended to end 2023 …… full article here.

*Source from Straits Times

New definitions of floor area could eat into developers’ sizeable area – and margins – for condo projects. This could possibly lead to smaller live-in area, more solid walls than curtain walls and or higher prices for homes in some areas …… full article here.

*Source from Business Times

20th September 2022

Build more executive condominiums and expand pool of eligible buyers. This will give people a higher chance of owning one so that anxious home buyers have greater choices amid rising inflation and property prices …… full article here.

*Source from Business Times

19th September 2022

Carpark ar Pasir Ris Park and nearby green plot to make way for public flats …… full article here.

*Source from Straits Times

GuocoLand sells 84% of Lentor Modern at launch. All 1- and 2-bedroom units sold while overall, units transacted range from S$1,856 – S$2,538 psf …… full article here.

*Source from Business Times

17th September 2022

HDB resale executive maisonette in Tampines sold above S$1 million …… full article here.

*Source from Zao Bao

Sky Eden@Bedok well received new launch in Bedok, 1st launch after 10 years. Developer sold 118 units, about 75% of total number of units, at an average psf of S$2,100 …… full article here.

*Source from Zao Bao

Recent new private home launches are hot with buyers snatching up units on launch day …… full article here.

*Source from Zao Bao

16th September 2022

New private home sales tumble in August as developers hold back condo launches …… full article here.

*Source from Business Times

EC owner evicted after MCST’s forced sale over unpaid fees. Unit priced below value, put up for auction twice within a year …… full article here.

*Source from Straits Times

15th September 2022

H D B a n d c o n d o r e n t s r i s e a g a i n , c o n t i n u i n g u p w a r d t r e n d . V o l u m e s a l s o u p a m i d h i g h e r d e m a n d f r o m f o r e i g n s t u d e n t s a n d ex p a t r i a t e s l a s t m o n t h …… full article here.

*Source from Straits Times

14th September 2022

S t a t e l a n d t e n d e r s f o r p r i v a t e h o u s i n g a n d E C p l o t s d r a w f e w e r –t h a n –e x p e c t e d b i d s . C o n c e r n s o f potential o v e r s u p p l y i n L e n t o r a r e a, r i s i n g c o n s t r u c t i o n c o s ts and macro uncertainty weigh on developers …… full article here.

*Source from Business Times

Strong take up at recent lau n ches could whet developers’ appetite for suburban site s …… full article here.

*Source from Business Times

C o n d o r e s a l e v o l u m e f a l l s f o r 4 t h m o n t h as prices hold firm. Slower sales typical in 7th lunar month and partly due to buyer-seller price mismatch …… full article here.

*Source from Straits Times

12th September 2022

O n e C h i n e s e b u y e r swept up 4 u n i t s i n 3 O r c h a r d B y T h e P a r k a t S $6 0 m i l l i o n …… full article here.

*Source from Zao Bao

9th September 2022

HDB resale prices inch up in August, but volumes continue downward trend …… full article here.

*Source from Business Times/Straits Times

Frasers Property’s Sky Eden@Bedok sold 75% of units on launch day at average S$2,100 psf. All 2-bedroom units fully sold; purchasers are mainly Singaporean buying for investment …… full article here.

*Source from Business Times

Private homes by CDL and GuocoLand are among top picks for purchasers …… full article here.

*Source from Business Times

8th September 2022

More young families in Singapore looking at buying HDB flats as prices of private properties trend upwards …… full article here.

*Source from Zao bao

7th September 2022

Construction and facilities management sectors expected to collaborate to optimise resources …… full article here.

*Source from Business Times

Developer to launch Perfect Ten’s second tower in Bukit Timah …… full article here.

*Source from Straits Times

Blueprint for shaping built environment sector gets a revamp. Push to adopt prefab and digital tech part of aim to build a more sustainable environment …… full article here.

*Source from Straits Times

6th September 2022

High demand for larger BTO flats in Ang Mo Kio and Tampines; most popular BTO projects in August launch …… full article here.

*Source from Straits Times

CCR private home rent up in 2nd quarter …… full article here.

*Source from Zao Bao

3rd September 2022

Landslide at Clementi BTO site causes major damage. Work on part of the site stopped, but key collection this year unlikely to be delayed …… full article here.

*Source from Straits Times

2nd September 2022

First public housing site in Dover Forest to be launched in November. 1,330 flats will be up for sale in BTO exercise; site within walking distance of Dover MRT Station …… full article here.

*Source from Straits Times

Private home rents to rise further. Rental increase are likely to continue well into year 2023 with a 5% on year rise …… full article here.

*Source from Business Times

1st September 2022

Strong demand for 5-room BTO flats in Ang Mo Kio. Bigger units in Central Weave more popular than 4-room flats in two Bukit Merah projects …… full article here.

*Source from Straits Times

Bukit Timah Link and Hillview Rise residential sites launched for sale. Both of them combined can yield about 495 residential units …… full article here.

*Source from Business Times

New suburban condos now cost 53.6% more than million-dollar HDB flats …… full article here.

*Source from Business Times/Straits Times

GocoLand to launch preview for Lentor condo project; prices start from S$1,880 psf. The 99-year leasehold development will be directly integrated with Lentor MRT Station on Thomson-East Coast Line. High demand expected for for units at this mixed-use project Lentor Modern …… full article here.

*Source from Business Times

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