Private home prices expected to hold steady: Experts

Singapore — Prices for private residential properties are expected to remain steady even though the Government has cut the supply of land for new homes for the second half of this year, industry experts told CNA. The tighter supply is expected to provide greater opportunity for developers to offload their current inventory.


Source: channelnewsasia.com

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New rules on buying properties using CPF, HDB housing loans to kick in on Friday

SINGAPORE: New rules on buying homes using CPF or HDB housing loans will be introduced, that will focus on whether the remaining lease of the property can cover the buyer until at least age 95.

This was announced on Thursday (May 9) by the Ministry of National Development (MND) and Ministry of Manpower (MOM).

The changes, which apply to the purchase of HDB flats, private properties and executive condominiums, take effect on Friday.

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Singapore ranked 7th in global luxury property index

Singapore — With luxury home prices in Singapore rising by over nine percent in 2018, the  city-state has emerged seventh in Knight Frank’s Prime International Residential Index (PIRI 100).

This is despite going through over 15 property cooling measures since 2010, said PropertyGuru in a report.

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Private property price growth slows in Q3 on cooling measures

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.

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URA revises guidelines to reduce number of shoebox units, stem shrinking of private homes

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.

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New private home sales jump 42% in September

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.

 

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More appeals made for waiver of HDB’s ethnic integration policy

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.

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