Private home sales fall 24.5% in Q3: DTZ

Demand for private homes in Singapore dropped in the third quarter of this year, as stock market volatility and global economic uncertainties affected purchase sentiment, according to DTZ Research. Private home transactions declined 24.5 percent quarter-on-quarter to 6,879 units in Q3 2011, as both primary and secondary sales volumes dropped. Based on DTZ’s analysis of
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Over 350 units sold at Bedok Residences on day 1

CapitaLand sold over 350 of the 583 units at Bedok Residences on the same day it was launched, with 66 units snapped up within the first hour. The developer said it achieved an average selling price of around $1,350 psf for the project. “The strong sales numbers demonstrate that the queue formed outside our show
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Be more prudent when purchasing property, urges Khaw

Minister for National Development Khaw Boon Wan has advised Singaporeans to be prudent when purchasing property. With the wide range of housing options, prospective buyers should choose wisely and buy within their budget. Mr Khaw said this in response to a question raised by Pasir Ris-Punggol MP Gan Thiam Poh on whether there were plans
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48700 HDB flats owned by PRs as of Sept

Permanent residents (PRs) in Singapore owned 48,700 HDB flats as of September this year, according to latest figures released by the Ministry of National Development (MND). This was revealed yesterday after Ang Mo Kio GRC MP Ang Hin Kee requested an update. He asked how many PRs who are not residing in the country have
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Long queue for CapitaLand’s Bedok Residences

CapitaLand, Southeast Asia’s largest property developer, will only launch its latest condo project tomorrow, but a long queue has already started forming outside the project’s showflat since Sunday. Located in Bedok Town Centre, Bedok Residences is part of a 15-storey integrated development comprising residential units, a shopping mall and a transportation hub linked to Bedok
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10 tips for buying overseas

You’ve found your dream overseas home, now what? Here’s our list of simple points to remember when you’re buying property overseas no matter what destination you choose. Visit your property and its neighbourhood at different times of the day. A quiet district during the day may be less than quiet after dark.   Bargain hard
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Pre-war flats at Tiong Bahru now cost S$1m

The days of good bargains in Tiong Bahru are over, as a 1,000 sq ft pre-war flat that cost around S$680,000 three years ago is now priced at around S$1 million. The significant price increase is primarily attributed to the transformation of the once-sleepy neighbourhood into a popular residential and commercial enclave. While the area
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Rochor residents air grievances on eviction

Moulmein-Kallang MP Denise Phua has pledged to seek higher compensation for Rochor Centre residents set to be evicted in light of the North-South Expressway (NSE) project. More than 200 residents aired their grievances during the launch of an exhibition of the new flats being offered to them in Kallang. One of the major complaints was
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HDB flat bookings up 32%

As Singapore recovers quickly from the economic crisis, more home buyers in the red-hot public housing market have been snapping up flats in the past year. However, the government’s cooling measures have affected the resale market, as reflected in the decline of resale flat transactions. A recent report showed that potential buyers booked 17,419 flats
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Profitable director’s appeal dismissed

An application by Geraldine Nordmann, a director of Profitable Plots Pte Ltd, for the return of her passport and permission to live in Malaysia was dismissed in Singapore’s Supreme Court earlier today. Mrs Nordmann, who had previously been allowed to travel to the United Kingdom to attend a family wedding, requested a variation in the
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