Far East still confident in property market

  Far East Organization remains optimistic in the long-term prospects of the property market despite the recent government cooling measures. At a seminar held last night at The Scotts Tower (TST) showflat, the developer told a packed audience that it expects Singapore’s housing market to remain robust as the number of new launches coming onstream is slower
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Private home sales rise 13 percent in November

Despite fears that Singapore’s property market could slide after the government launched a harsh round of cooling measures last week, data from the Urban Redevelopment Authority (URA) shows that the market is still very robust. In November, the total number of private housing units transacted climbed to 1,854, a 13 percent rise from 1,638 in October. Excluding
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Home sales trickle in despite curbs

Although property buying may have slowed after the implementation of heavier stamp duties last week, sales are still trickling in. As of Sunday, developer SingXpress Land had sold 17 of the 21 units at the cluster housing development Charlton Residences, located near Kovan MRT station. According to Chan Tung Moe, Executive Director of SingXpress, none of the
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Singapore may lose status as major investment destination

                          Singapore’s reputation as a major property investment destination could be damaged by the implementation of heavier stamp duties, according to The Straits Times. The report noted that the new rules could boost the status of rivals such as Britain and Hong Kong,
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New home sales drop 15%: Savills

Singapore’s property market has become increasingly cautious, as sales of new homes dropped 15 percent month-on-month in October, according to Savills Research. Due to strong home sales from January to October 2011, about 13,688 new home sales were registered over that period, representing a four percent year-on-year rise. Three major projects that can yield over
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New measures help keep Singaporean dream alive

by Romesh Navaratnarajah (courtesy of PropertyGuru) Reactions to the government’s announcement of an additional 10 percent stamp duty for foreigners buying private homes have been mixed, with most consumers welcoming it, while property insiders have called it harsh and unnecessary. With private property price growth moderating to around three percent since January’s cooling measures and
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Mixed reactions over additional tax ruling

Everyone, from property industry professionals to home buyers, were caught off guard when the government announced the latest cooling measures, with many analysts and developers stating that they were unexpected and the harshest they have seen by far. “At first glance, these latest cooling measures do seem pretty drastic, especially when both transactions and price
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Woodlands New Town

Woodlands New Town is a suburban town located in the northern region of Singapore. It occupies a land area amounting to 13.6 square kilometres and has a HDB resident population of about 229 500. Founded in the 1970s, it is now part of the North West Community Development Council (Northwest CDC) district and under the
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Govt imposes additional tax for private property

The government has implemented additional cooling measures intended to curb excessive investment in the property market. From today, foreigners and corporate entities will have to pay an additional 10 percent ‘Additional Buyers Stamp Duty’ (ABSD) , the government said in a statement issued last night. The extra levy will be three percent for Permanent Residents
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Prices at new Far East project surprise many

Yesterday, PropertyGuru reported that Far East Organization (FEO), one of Singapore’s leading property developers, had pushed forward the official launch of The Scotts Tower (TST) from today, after strong response at its preview, which began on 25 November. While the project has already seen 34 one- and two-bedroom apartments snapped up, many PropertyGuru readers were shocked
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