From the category archives:

Singapore Real Estate

HDB extends Second Concessionary Loan

March 7, 2010

HDB is also extending its hands for people with its second concessionary loan by allowing buyers who is downgrading, upgrading or buying flat of the same type to borrow.
Previously, only buyers who are upgrading their flats are allowed to borrow the second time directly from HDB. This might have unintentionally caused families who are not [...]

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HDB New Minimum Occupancy Period

March 6, 2010

The Government has released a series of anti-speculation measures to keep up with the private sales measure as to curb the rising cash-over-valuation (COV) syndrome that is making homes more unaffordable in the resale market.
Read the official release from HDB here

Raising the Minimum Occupancy Period (MOP) for the resale of non-subsidised HDB flats from 1 [...]

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New Property Tax Computation for Home Owners from January 2011

February 22, 2010

With the latest Budget released for 2010 by Financial Minister Tharman Shanmugaratnam, property tax computation for home owners will be on a 3-tier progressive scheme.
Based on Annual Value (AV) of your owner occupied home, the tiers are as follows:-

0% on your first $6,000 of AV
4% on the next $59,000 of AV
6% on anything above $65,000 [...]

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The Edge – Done Deals Between January 15 to January 22

February 22, 2010

The Edge has released the weekly list of Singapore property transactions done between January 15th to January 22nd 2010.
Download a copy of the pdf here.
Among the Highlights

An apartment at District 4 Caribbean at Keppel Bay sold for $1,497 psf
An apartment at District 14 The Trumps sold for $952 psf
A terrace house at District 15 Everitt [...]

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The Riverine by the park – Scenic Bay View of Kallang Basin

February 21, 2010

If you happen to pass by Kallang on your way down from town to Geylang for a sumptuous supper, you will definitely see a lone yet very modern condominium standing just right close to the former Kallang Gasworks site.
You would also think this location would be prime since it is located quite closely outside [...]

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New Seller’s Stamp Duty & Lower Housing Loan Limit

February 20, 2010

With immediate effect, the Government has introduced two new measures to cool down the property market.
Introducing Seller’s Stamp Duty (SSD) for Properties Sold Within a Year
Properties that were bought before 20th February 2010 will not be subjected to the SSD. The SSD will be levied on sellers of residential properties and lands bought on or [...]

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Grand Duchess at St Patrick’s Ready By Early March 2010

February 17, 2010

Owners of Grand Duchess at St Patrick’s has started receiving notice from developer UIC on attaining its temporary occupancy permit (TOP) estimating towards the end of February/ early March of this year, which isn’t too far away from now.
Prior to these notices, some owners have managed to sneak into their own Grand Duchess apartment [...]

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Frequently Ask Questions about Sentosa Cove Homes

January 2, 2010

Mention to friends about staying in Sentosa Cove and they will prick their ears and start asking what’s so exotic and why people are staying in an island away from the main buzzling city.
“Why do you want to buy Sentosa’s The Coast? Pricing can get you a much bigger unit in River Valley. Freehold [...]

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HDB Annual Value Raised

November 19, 2009

IRAS will raise the annual value of HDB flats with effect from 1st January 2010.

AV increase for HDB flats
IRAS reviews the AVs of all properties, including HDB flats, annually to ensure that they reflect prevailing market rental values for the purpose of determining property tax.
The last AV revision for HDB flats was however done [...]

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The Parisian Site At Anguila Park Sold for S$283M

October 23, 2009

And another piece of land was sold. The parcel where The Parisian was formerly sitting has been sold for S$283M.
The deal was brokered by CB Richard Ellis and was sold to China Sonangol Land, part of China Sonangol international holding company in Hong Kong.
Oversesa Union Enterprise (OUE) formerly bought the site through a collective sale [...]

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