Private homes, EC sales slide 16%

Sales of private homes slipped to 1,638 units in August, down 16 percent from a month earlier. Excluding executive condominiums (ECs), the total number of homes transacted in August totalled 1,348, a decrease of three percent from 1,386 in July. The decline in sales volumes was primarily attributed to the fall in sales for ECs.
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Revised income ceiling policy to apply to all EC projects

Following last month’s announcement by the Ministry of National Development (MND) regarding the revised income ceiling for executive condominiums (ECs), the ministry has received numerous appeals to apply the new policy to all EC projects, regardless of their launch date for public sale. “On 15 August 2011, we raised the monthly income ceiling to purchase
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The Arc at Tampines seen as most successful EC project in recent times

A Hoi Hup led-consortium sold 220 units at the Arc at Tampines executive condo (EC) project during balloting yesterday, at an average price of S$722 psf. “Arc is the first EC launch to benefit from the higher monthly household income ceiling of S$12,000 compared with S$10,000 previously,” said a market watcher. He noted that the
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HDB releases 2 EC sites for sale

The Housing & Development Board (HDB) has launched two executive condominium (EC) residential sites at Pasir Ris Drive 3 / Pasir Ris Rise and Yishun Avenue 7 / Canberra Drive for sale through public tenders. The 99-year leasehold land parcel at Pasir Ris Drive 3 / Pasir Ris Rise has a total area of 18,576.1
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Revised income ceiling lowers COV expectations

Home owners eager to sell their flats seem to have lowered their expectations of getting large cash premiums, after the Housing and Development Board (HDB) raised the income ceiling for new flats and housing subsidies. Property agents expect the new rules to change the make-up of HDB resale flat buyers, as it will create more
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Govt policy could put a lid on COV

Several homeowners are banking on the continued demand for resale flats by asking for higher cash-over-valuation (COV), according to an ECG Property expert. However, with the raising of the income ceiling for HDB flats and executive condominiums (ECs), he hopes high prices taper off. On 14 August, Prime Minister Lee Hsien Loong announced during his
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Private home sales show dramatic rise

Sales of private homes in July 2011 rose nearly 40 percent month-on-month to 1,954 units, including executive condominium (EC) units, indicating signs of improvement from June’s subpar performance. Excluding EC units, sales of private homes rose to 1,386 units, up 17 percent from 1,182 units in June. “This hike in sales volume was led by
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Govt raises income ceiling for HDB flats

The government has announced that the Housing and Development Board (HDB) will be raising the income ceiling for HDB flats, from S$8,000 to S$10,000. This will be followed by a raise in the income ceiling for executive condominiums (ECs) from S$10,000 to S$12,000. In addition, it has promised to launch another 25,000 build-to-order (BTO) flats
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Private home sales dipped 4% in May

May private home sales dipped almost 4% M-on-M to 1,825 units transacted. Discounting Executive Condominium (EC) units, the plunge was a whopping 12% to 1,575 units. The last cooling measures announced on 13 January have certainly impacted buyer confidence as seen in the slight decline in transactions in May. In May, all the top selling
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Khaw blamed for slower home sales last week

Property developers and agents reported slower home transactions in the previous week, after National Development Minister Khaw Boon Wan made cautionary remarks on his blog.   “Primary market sales (units sold by developers) softened a little bit last week due to the June school holiday season and official comments on the property market made last
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