Singapore named Asian city with highest quality of life

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SINGAPORE : Singapore has once again been ranked as the top city in Asia in terms of quality of living, according to global human resource consultancy Mercer.

In the Mercer 2016 Quality of Living Rankings, Singapore was 26th in the world out of 230 cities ranked, unchanged from its ranking last year.

It has also been ranked as the top city in Asia in the past two editions of the survey.

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Property Update (23 Feb 2016)

Is the rapid economic growth in the Philippines sustainable? | channelnewsasia.com

Despite the global slowdown, the Philippine economy stayed strong in the last quarter of 2015, with GDP growth accelerating over 6 per cent. Channel NewsAsia’s Aya Lowe asked Lito Camacho, vice-chairman of Asia Pacific at Credit Suisse, to find out if this economic momentum is sustainable. More >>

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Private housing resale market shines as buyers get off sidelines

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TODAY reports: Property cooling measures and loan curbs have made private homes more affordable.

SINGAPORE: After waiting more than one year for an opportune time to purchase a condominium to house his family of three, Mr Amrit took the plunge in early 2015 after coming across a resale unit in his choice location with a “reasonable” price tag.

He had always intended to upgrade to a private home, and when prices for Housing and Development Board (HDB) flats started falling in 2013, he decided to cash out before the value of their four-room flat dipped further.

But instead of immediately upgrading to a private property, Mr Amrit, who is in his 40s, decided to bide his time and rent a place with his wife and teenage daughter while they went about hunting for the ideal home. This came about one year later, in the form of a two-bedroom resale condominium in the Western part of Singapore.

“We heard that prices would fall even more, so we thought we should take our time to look around,” said Mr Amrit, who works in the media industry.

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Tampines residents get peek at new town hub

Located at the former Tampines Stadium, the new hub – named “Our Tampines Hub – will be Singapore’s first integrated community and lifestyle centre.

SINGAPORE: About 3,000 Tampines residents got a preview of their new town hub as they joined Tampines grassroots leaders at a topping-out ceremony on Sunday morning (Feb 21).

Located at the former Tampines Stadium, the new hub – named “Our Tampines Hub – will be Singapore’s first integrated community and lifestyle centre. It will house a football pitch, a new regional library, community and arts facilities, a hawker centre, retail shops, as well as Singapore’s first indoor inclusive playground for children with special needs to play together with other children.

The new hub spans about 5.3 hectares, the size of about eight football pitches.

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China slashes taxes on real estate transactions

SINGAPORE : Beijing has unveiled its latest move to cut mortgage down-payments to 1.5% from the current 2% for those buying new houses, a move aimed at clearing housing glut. Channel NewsAsia’s Jeremy Koh reports.

Source : http://www.channelnewsasia.com/tv/newsvideo/china-slashes-taxes-on/2530834.html

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Nearly 80% more Singapore homes put up for auction last year by banks and distressed owners

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SINGAPORE – The economic slowdown and the tough leasing market led to a jump in the number of residential properties put up for auction last year, said property research house DTZ.

Listings for mortgagee sale – which is when a bank puts a property up for auction when its owner cannot service the home loan – almost doubled to 87 units from 47 in 2014.

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