Private home prices, sales decline in Q3: URA

SINGAPORE: Prices of private residential properties declined at a faster pace in the third quarter, falling by 1.5 per cent compared to a 0.4 per cent fall in the previous three months.

According to data released by the Urban Redevelopment Authority (URA) on Friday (Oct 28), prices of landed properties declined by 2.7 per cent, compared to the 1.5 per cent decline in the previous quarter. Prices of non-landed properties decreased by 1.2 per cent, compared to the 0.1 cent decline in the previous quarter.

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For Rent – Tampines/Pasir Ris HDB Flats (28 Oct 2016)

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Singapore’s property market shows superficial recovery signs, but problems run deeper

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SINGAPORE — Don’t believe the hype about a Singapore property pick-up, Nomura said, as it addressed some “half-truths” about one of Asia’s long-time real estate hotspots.

That came as buyers and sellers looked cues for whether the city-state’s property market had finally neared the bottom.

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Private home sales up 49.3% year-on-year in September


SINGAPORE: Sales of new private homes in Singapore rose 49.3 per cent year-on-year in September, and increased 8.7 per cent compared to the previous month, according to data released by the Urban Redevelopment Authority (URA) on Monday (Oct 17).

Excluding executive condominiums (ECs), property developers sold 509 units last month, surpassing the 341 units sold in September 2015 and the 468 units sold in August, a traditionally quiet month due to the Hungry Ghost Festival.

Including ECs, 769 new private homes were sold, compared to 629 last year and 799 in August.

A total of 479 units were launched for sale in September, up from the 391 units launched in the same period last year but down from August’s 590 units.


Source: http://www.channelnewsasia.com/news/singapore/private-home-sales-up-49-3-year-on-year-in-september/3212030.html

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What happens to your HDB flat after a divorce?

Can you still retain your HDB flat after a divorce? (via dollarsandsense.sg)

Can you still retain your HDB flat after a divorce? (via dollarsandsense.sg)

By Yeap Ming Feng, via dollarsandsense.sg

SINGAPORE — A divorce is not something that anyone would hope for. There are times however when a relationship simply took a turn for the worse, and that no amount of work can salvage anymore.

While divorce elsewhere around the world is straightforward, it can be quite a complicating process in Singapore, particularly if there is a HDB flat involved. The HDB flat, being one of the most valuable assets co-owned by the couple, adds an additional dimension of complication to the entire process.

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