Property Price Trends: West coast, Buona Vista and Clementi – District 5

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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Cash premiums for HDB resale flats dive 30%

                            By Romesh Navaratnarajah: Cash-over-valuation (COV) for resale flats has dropped significantly in both mature and non-mature estates, making them more affordable to home buyers. Data from property agencies shows that overall cash premiums fell 30 percent in the first quarter of
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URA, HDB data show market stabilising

                                Flash estimates released yesterday by the Urban Redevelopment Authority (URA) may be an indication that private home prices are now stabilising. According to Chia Siew Chuin, Director of Research & Advisory at Colliers International, the marginal decline of 0.1
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Slowdown seen in resale property market

      Property developers and agents are venturing into other avenues of business, as the once booming resale market for private and public housing has been affected by the government’s tightening measures. According to estimates, the number of resale transactions in both markets dropped significantly in the first quarter compared to last year. However,
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HDB resale prices could drop 10%, say experts

Prices of resale flats, which climbed significantly over the past five years, could finally slow down, said property experts. “Public housing resale prices have gone up by over 80 percent in the last five years. People going in to pick up (units) at high prices expect such appreciation in the near future or next five
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Khaw proves point by releasing median Q4 COV figures

Minister for National Development, Khaw Boon Wan, has taken to his blog to share data on the amount of cash-over-valuation (COVs) paid by different groups of buyers, following his parliamentary response on Monday which caused a lot of controversy. The figures show that private property owners and second-time buyers paid the highest COVs for resale
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DBSS prices comparable to ECs

Design, Build and Sell Scheme (DBSS) flats are now being sold at prices comparable to those of Executive Condominiums (ECs), attributed to the strong interest DBSS units have been getting. The demand is also boosted by the flats’ proximity to mature estates and MRT stations. Property firm Dennis Wee Realty noted that the overall median
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HDB prices near new Circle Line MRT stations up 10%

Property agents have revealed that prices of HDB flats near 12 Circle Line stations, which are due to open on 9 October, have increased, according to a Channel NewsAsia report. The report highlighted that prices of three-room flats close to Holland Village station climbed around 10 percent compared to last year, reflecting an increase of
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Housing in high demand, prices stable

Singapore property prices will remain stable in the medium term, with key home-buying factors like upgrading and investment still expected to drive up demand, said a My Paper report. This comes amid the expected slowdown in Singapore’s economic growth, led by the debt crisis in western countries. As home buyers are likely to be more
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COV data should be scrapped, says SISV

The industry body representing Singapore’s property valuers has called for the removal of official data on cash premiums paid, also known as median Cash-Over-Valuation (COV), for Housing and Development Board (HDB) resale flats. COV is the difference the buyer pays in cash between the resale price and the market value of the HDB resale flat.
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