Rental market may get boost from cooling measures

The rental market may improve this year, as home buyers are likely to put off purchasing amid the recent cooling measures, said analysts. Over the next year, a larger pool of tenants might stabilise the rental market or cause a five percent increase in rents. This counters earlier expectations of a downtrend in rents due to
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HDB resale flat prices moderating

Prices of resale flats in Singapore are still rising, albeit at a slower pace, due to the cumulative impact of the increased supply of new BTO flats and the higher income ceiling for flat buyers introduced last year. According to flash estimates released by the HDB, prices of resale flats rose 1.7 percent in Q4 last
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Further moderation in private home prices

By Mohamed Ismail (courtesy of PropertyGuru) Even as the private residential property index hit another record high, URA’s 4Q11 price index flash estimates saw only a marginal 0.2% increase Q-on-Q to 206.2. All three regions also registered tame price growths-with both the Core Central Region (CCR) and Outside Central Region (OCR) chalking up increases of
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Far East starts year with strong demand for The Hillier

Far East Organization (FEO) has recorded strong take-up for its second SOHO development, The Hillier, launched on 1 January 2012. As of today, around 225 of the 333 one- and two-bedroom SOHO units released have been sold at an average of S$1,175 psf, with most of the buyers being Singaporeans and permanent residents (PRs). Located along Hillview
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Singapore’s private home prices continue to moderate

The rate of increase for private home prices in Singapore has continued to moderate in the fourth quarter, reflecting the ninth consecutive price growth since Q4 2009, according to flash estimates released by the Urban Redevelopment Authority (URA) for the private residential property index. The new figures show that the property index jumped to 206.2 points
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Government identifies new SERS site

Blocks 167 to 172 at Boon Lay Drive comprise the newest site identified by the Singapore government for the Selective En Bloc Redevelopment Scheme (SERS). Consisting of 650 flats, this is the 77th site to benefit from the SERS programme. The HDB will develop some 710 new two- to five-room flats at Jurong West Central
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New cooling measures may be scrapped if economy worsens

The latest property cooling measures could be removed if the Singapore economy deteriorates or stagnates amid the looming economic downturn, according to analysts. However, if home prices continue to increase despite the new policy, home buyers can expect the measures to remain. According to a report by The Straits Times, developers have been giving warnings since the
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More land to be provided for EC sites next year

More land will be allotted for executive condominiums (ECs) in 2012, said the Ministry of National Development (MND), noting that it is prepared to provide sites for 5,000 EC units next year. This move comes after the government had committed to help more higher-income Singaporeans own private housing by broadening the EC market. The government
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Priority to be given to second-time home buyers next year

Second-time home buyers might get their new homes sooner next year, as Minister for National Development Khaw Boon Wan announced his intention to help this group of buyers, according to an AsiaOne report. The minister noted that last year, first-time home buyers were given priority in getting their homes. “Plans to build many new HDB flats
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Majority of S’poreans still feel homes too expensive

If the results of the latest PropertyGuru real estate affordability sentiment survey are anything to go by, the majority of home buyers in Singapore should be satisfied with the latest government cooling measures. Carried out in cooperation with market research firm, Blackbox Research, the survey polled over 1,737 respondents and revealed that home buyers and investors
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