Online Behaviours of the Property Hunters

Did you know that: “PropertyGuru” is the most searched property portal keyword in Singapore. Every day, there are nearly 5,000 visitors searching for this keyword on Google.  This is 5 times the number of searches of other property sites. * Source - Comscore Data Dec, 2012 PropertyGuru is the preferred Real Estate media platform among property buyers;
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Singapore cooling: Mortgage loans could drop up to 20%

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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Singapore cooling: Khaw grilled over EC scheme

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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Singapore cooling: No drop in overseas demand

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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Shunfu HUDC fetches record S$1.28m

By Romesh Navaratnarajah: Less than a week after an executive flat in Queenstown was sold for S$1 million, it has been reported by The Straits Times that a HUDC flat at Shunfu Road in Bishan was sold in July at an eye-popping price of S$1.28 million, or around S$762 per sq ft. This sets a
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Flat owner takes HDB to court

By Romesh Navaratnarajah: In a landmark move, the Housing and Development Board (HDB) has been taken to court after a flat owner filed a case against it for acquiring his flat due to alleged illegal subletting. Chew Teck Fatt, owner of the five-room unit in Bukit Batok, wants the right to be fully heard based
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Private home sales highest since 2009

                      By Romesh Navaratnarajah: TOP NEWS: Excluding executive condos (ECs), private home sales in Singapore for the month of April 2012 reached 2,487 units, its highest level since July 2009 when 2,772 new homes were snapped up. But month-on-month, overall private home sales saw a
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Who said there are no affordable private homes in Singapore?

                By Romesh Navaratnarajah: Prices of several private property projects launched recently in the Outside Central Region (OCR) have been higher than average, with many such units being sold for more than S$1,000 psf – a new record. Amidst this growing trend, more home buyers are now on
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Loss of foreign talent affecting private property rentals

                                With a growing number of senior executives from the expatriate community leaving Singapore, some prime locations are seeing a drop in asking rentals. Based on data compiled by The PropertyGuru, the most notable fall in median asking rental prices
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Tharman: Govt working to cool property market

      Overwhelming demand in the housing market has exceeded supply in recent years, and as a result, prices have surged faster than peoples’ incomes. Tharman Shanmugaratnam (pictured), Singapore’s Deputy Prime Minister, commented that “we’re not in a very happy part of the cycle,” according to a Straits Times report. Mr Tharman was responding
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