SINGAPORE (EDGEPROP) – While the tender for the government land sale (GLS) site at Jalan Tembusu closed with eight bids on Jan 18, the site at Lentor Hills Road (Parcel A) received just half the number of bids. The top bid of $586.6 million came from a consortium made up of Hong Leong Holdings, GuocoLand […]
Image Credit: The Business Times Singapore attracted an inflow of S$448 million in 2021, a 59% jump over the previous year. Despite the large amount, the MAS chief, Ravi Menon, has allayed concerns of a real estate bubble as he explains that Singapore can absorb record inflows of money. Rather than blocking it, Monetary Authority
Record Amount Of Fresh Funds Into Singapore Read More »
This is a controversial topic as most Singaporeans are puzzled at how HDB can incur losses when it actually sells the flats at fairly high prices for public housing. Let’s dive a little deeper and try to uncover the mechanics behind it. 1. HDB Has To Buy The Land From Singapore Land Authority (SLA) While
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New Cooling Measures wef 30 Sep 2022 Image Credit: PropNex The Government unveiled a slew of property cooling measures on Thursday (29 Sep 2022), aimed at moderating demand and ensuring prudent borrowing amid rising interest rates. With million dollar HDB resale flats transacting almost every other day this year and in estates unheard of such
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Piccadilly Grand – Tranquility and Botanical Zone The hot topic has been on the rising interest rates as the Fed just hiked another 75 bps. Is there a connection between interest rates and property prices? The answer is without a doubt that higher costs of financing will dampen the demand for properties. Singapore’s interest rates
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SINGAPORE (EDGEPROP) – The tender for two residential government land sale (GLS) sites in Lentor — Lentor Central and Lentor Hills (Parcel B) — and an executive condominium site at Bukit Batok West Avenue 5 closed today. The Lentor Central site drew just three bids. The top bid of $481.03 million was submitted by a
Lentor Central GLS site receives highest bid of $1,108 psf ppr From Consortium Read More »
SINGAPORE (EDGEPROP) – At the close of the tender for three government land sale (GLS) sites this evening, there were two bids for the Lentor Hills Road (Parcel B) residential site, three bids for Lentor Central residential site and five bids for the executive condo (EC) site at Bukit Batok West Avenue 5. TID’s bid
TID submits highest bid of $1,130 psf ppr for Lentor Hills Road (Parcel B) Read More »
Mortgage rates have been increasing globally as central banks view interest rates as an effective way to tackle the high inflation. Most of them including Singapore take reference from the US Federal Reserve when it comes to setting rates. Following the Federal Reserve Chairman’s comments that rates increase will continue, Wall Street risked off and
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The Singapore Central Bank chief warned that it is the end of the “cheap” era as Singapore must get used to higher prices as new cost structures emerge. In particular he emphasised on borrowing costs, labour costs and energy costs. Borrowing costs will not go back to the zero lower bounds we have seen in
End of Cheap Stuff in Singapore? Read More »
After almost two years of pandemic living and border closures, people have learnt how important travel or rather the freedom of movement is. The constant quarantines, isolations, lockdowns have forced the wealthy to rethink where is a safer haven for their families. In addition, the Russian and Ukraine conflict have similarly uprooted citizens alike to
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