SINGAPORE: The rise of property prices in Singapore slowed significantly in the third quarter, after the Government announced measures to cool the red-hot market, data released by the Urban Redevelopment Authority (URA) on Friday (Oct 26) showed.
Private home prices rose 0.5 per cent in the July to September period, down from the 3.4 per cent rise in the second quarter and 3.9 per cent rise in the first quarter.
Singapore — In a bid to reduce the strain new developments pose on local infrastructure, the authorities have moved to ensure that there will be fewer shoebox units offered in new private non-landed residential buildings outside the Central area.
The Urban Redevelopment Authority (URA) revised guidelines for such properties on Wednesday (Oct 17), making several changes that it said also aim to moderate the reduction in home sizes and “safeguard the liveability” of residential estates. It has observed smaller unit sizes in new private housing projects.
SINGAPORE: Sales of new private homes in Singapore rose about 42 per cent in September from a year earlier, as developers returned to the market with new launches following the previous month’s slump.
Data released by the Urban Redevelopment Authority (URA) on Monday (Oct 15) showed developers sold 932 units last month, compared with 657 units in the same month last year.
Singapore — Home owners made a total of about 1,600 appeals between 2015 to 2017 to waive the ethnic integration policy, said National Development Minister Lawrence Wong in Parliament on Tuesday (Oct 2).
Mr Wong was responding to a question from Workers’ Party chief Pritam Singh, who asked if there were statistics on how much feedback the Housing and Development Board (HDB) has received from minority races on the inability to sell their flats because of the policy.
Singapore — The latest interest rate hike by the US Federal Reserve is expected to lead to higher borrowing costs in Singapore, according to analysts.
Singapore — A report from CBRE Research said Singapore was the biggest Asian outbound property investor in the first half of the year. This comes as overall Asian outbound investment declined compared to the same period last year due to capital controls in China.
SINGAPORE: The Housing and Development Board (HDB) on Tuesday (Sep 4) announced it will progressively roll out over the next five years 24 “design guides” for each of its towns, beginning with Woodlands in the north.
Each guide will be a unique, comprehensive document broken down into three different levels – town, neighbourhood and precinct. It will provide a common reference point for different agencies, town councils and design consultants as they implement both new developments as well as rejuvenation projects for the town throughout its life cycle, said HDB in a press release.