Five New Property Launches to Bookmark

The current property market is abuzz with exciting launches to come in the following years. Here, we introduce 5 new property currently being developed. D’shire D’shire is a condominium currently being developed by Fantasia (Novena) Pte Ltd with a freehold tenure. It is to comprise of 168 units and is expected to be completed in
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PropertyGuru to hold 2nd Malaysia Property Showcase this weekend

With the aim of providing quality property investment and ownership opportunities to investors and buyers, PropertyGuru, Asia’s leading property portal, will hold its second Malaysia Property Showcase this weekend, 25 to 26 February 2012, at the Orchard Hotel, Singapore. This showcase comes after the additional buyer’s stamp duty (ABSD) was introduced in Singapore in early
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Rental prices down 20% in Singapore

Singapore has been ranked as the ninth most expensive city to rent in a new report – but evidence from recent weeks suggest rental prices may have already dropped by 20 percent since the start of the year. One agent told PropertyGuru she had just signed a deal to let a property that was previously
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Private home sales rise by three times

January’s private home sales were undaunted by the gloomy economic outlook and recent cooling measures, recording 2,077 transactions for the month, a whopping three times higher than December’s 670 units. Excluding executive condominiums (ECs), this marks a 55 percent year-on-year rise to 1,872 units compared to 1,210 units in January 2011. Top-selling projects include Watertown
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Foreign buyers promised stamp duty ‘reimbursement’

Foreign property buyers in Singapore are being promised a ‘partial reimbursement’ of the additional buyer’s stamp duty (ABSD) which was introduced in early December 2011 in an attempt to curb overseas interest. Property developer Far East Organization is giving foreigners at its Watertown development (pictured) in Punggol a three percent ‘reimbursement’ upon contract signing and
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Warning sounded over London Olympic property rentals

One London real estate agent has issued a warning to property owners who are expecting to reap the benefits of increased rental returns during this year’s Olympic Games, which run from July 27 until August 12. Lucy Morton, Senior Partner and Head of Lettings at prime central London estate agency W A Ellis, said, “We
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Calls made to increase ABSD to 20%

With the robust property sales seen in January, some netizens have proposed that the 10 percent additional buyer’s stamp duty (ABSD) be increased. Over at the Parc Rosewood condo development, more than 165 of the 236 units released were snapped up and there’s also been strong take-up seen at Watertown. A PropertyGuru reader said that
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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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PropertyGuru reports outstanding results for 2011

Asia’s leading property portal group, PropertyGuru, has extended its market leadership position in its core markets, with revenue, agents and traffic continuing to grow rapidly, ahead of expectations. PropertyGuru’s revenue grew over 60 percent year-on-year, while property agent subscribers continued to grow rapidly, with an almost 50 percent increase, exceeding 16,800 at the end of
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Foreigners account for one in five private home buyers

Bank of America (BofA) Merill Lynch cited in its recent report that 20 percent of the total number of private home transactions recorded last year were accounted for by foreign buyers, while PRs and Singaporeans made up a respective 13 percent and 67 percent share. “This is a big jump from 10 years ago, when
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