Property Update (30 October 2015)

With final 3 stations, Circle Line will come ‘full circle’ by 2025 | channelnewsasia.com

These stations close to the heart of Singapore’s Central Business District – Keppel, Cantonment and Prince Edward – will complete the Circle Line and allow commuters to transfer between MRT lines without entering the city centre.

HDB flats in Toh Yi estate. MND Minister Lawrence Wong has praised the impact of the Proximity Housing Grant, which makes it more affordable for Singaporean households to purchase a resale flat.

HDB flats in Toh Yi estate. MND Minister Lawrence Wong has praised the impact of the Proximity Housing Grant, which makes it more affordable for Singaporean households to purchase a resale flat.

Response to new Proximity Housing Grant ‘encouraging’, resale flats now more affordable: Lawrence Wong | straitstimes.com

SINGAPORE – One in five resale HDB resale flat buyers have applied for the new Proximity Housing Grant (PHG) since it took effect on Aug 24, Minister for National Development Lawrence Wong revealed on Friday (Oct 30).

In his blog Housing Matters, Mr Wong said there have been 3,506 resale flat transactions since then, and response to the PHG has been “most encouraging”. Read more >>

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Non-landed private home prices up 0.1 per cent | asiaone.com

SINGAPORE : Prices of completed non-landed private homes in Singapore inched up 0.1 per cent last month from August, new data shows.

However, experts say the uptick was probably a blip rather than any sign of a market turnaround.

The figures are flash estimates compiled by the National University of Singapore for its Singapore Residential Price Index (SRPI) released yesterday.

The slight price rise follows a 0.7 per cent month-on-month fall in August, based on the revised index value for that month. The fall in August was due in part to slower buying interest in the seventh lunar month where buyers typically refrain from buying a property. Read more >>

Bank lending in Singapore fell in September from the previous month, dragged down by weaker business loans, preliminary data from the Monetary Authority of Singapore (MAS) showed on Friday.

Bank lending in Singapore fell in September from the previous month, dragged down by weaker business loans, preliminary data from the Monetary Authority of Singapore (MAS) showed on Friday.

Bank lending in Singapore falls in September: MAS | businesstimes.com.sg

SINGAPORE : Bank lending in Singapore fell in September from the previous month, dragged down by weaker business loans, preliminary data from the Monetary Authority of Singapore (MAS) showed on Friday. This is the first contraction since April.

Loans through the domestic banking unit – which essentially captures lending in all currencies but mainly reflects Singapore-dollar lending – stood at S$608 billion last month, down 0.8 per cent from August, the MAS figures showed. Read more >>

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