By Romesh Navaratnarajah: Singapore’s broad range of new property curbs is an indication that the government is willing to trade off economic growth for social issues, said DBS Chief Executive Piyush Gupta (pictured). The official forecast for GDP growth this year is between one and three percent and Gupta believes that Singapore will likely perform
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By Romesh Navaratnarajah: In Parliament yesterday, MPs questioned National Development Minister Khaw Boon Wan about the executive condominium (EC) scheme and whether the government will review the EC policy and implement tighter measures to regulate the market. Mr Khaw shared that ECs are still relevant and aims to meet the aspirations of higher-income Singaporeans to
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By Andrew Batt: The introduction of Friday’s additional cooling measures appears to have done little to quell demand for overseas property investments from Singaporeans. Developments from the United Kingdom, Australia, Malaysia and Thailand were exhibited at events in the city state last weekend, with attendance numbers reported as being “strong” by several developers and their
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By Romesh Navaratnarajah: In his latest blog post, National Development Minister Khaw Boon Wan has spoken out on the recent controversy over the sale of expensive executive condominium (EC) units, like the 4,349 sq ft presidential suite at CityLife EC in Tampines that was sold for over S$2 million. Below is Mr Khaw’s full statement,
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Looking for available properties has always been a tiresome task. You would have to set a special day so that you can hunt down available properties in your area or even go on leave if you really need to look for properties. It is also time consuming since you would have to personally check out
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By Tejaswi Chunduri           Source: URA, PropertyGuru             Source: PropertyGuru     The PropertyGuru says… The average transaction price psf for condominiums rose by six percent in Q2 2012 (y/y) while the average asking rental price psf climbed seven percent during the same period. For landed
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Compiled by : Cheryl Tay Comprising the Clementi, Dover, Pasir Panjang and West Coast areas, Singapore’s District 5 is rarely touted as a prime location for home buyers. But in truth, it has a wide range of housing, business locations, recreational areas and amenities which make it an ideal district to live in. From private
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A five-room flat at Pinnacle@Duxton (pictured) received 203 bids by the time applications closed on Wednesday, said The Straits Times. Pinnacle@Duxton is believed to be one of the Housing and Development Board’s (HDB) best projects, and is within close proximity to the central business district (CBD) and MRT stations. It was reported that the 1,140
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Singapore’s residential market remains busy, despite a less than rosy economic forecast with GDP growth trimmed to 2.4 percent this year, according to the latest report from Savills. Savills noted that the US government’s fresh round of quantitative easing (QE3) will likely push Singapore property prices up further. “The bulkheads of Singapore’s housing market are
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The HDB Resale Price Index (RPI) rose two percent to a new record high of 197.9, according to the housing board’s flash estimates for the third quarter of 2012. “The HDB resale price index is now at its historical peak as this increase of two percent is the highest in the last four quarters (since
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