Private home sales rise 17.4% year-on-year in December

Singapore — Sales of new private homes rose 17.4 per cent in December 2017 compared to the same month a year ago, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jan 15).

Excluding executive condominiums (ECs), developers sold 431 units last month, compared with 367 units in December 2016.

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How Singapore’s 50-year-old land sales programme is evolving

Singapore — Have you wondered how the government knows what land to use, and when? And even further back, how did Singapore’s dense and diverse landscape come into being?

Source: http://www.channelnewsasia.com/news/videos/how-singapore-s-50-year-old-land-sales-programme-is-evolving-9496814

Proposed SIBOR revamp may lead to more fluctuation in home loan rates: Analysts

Singapore — The proposal to enhance the benchmark, which is used as reference for mortgages, was announced last week. Analysts said these changes, if implemented, will cause the benchmark to be more sensitive to market conditions.

Source: http://www.channelnewsasia.com/news/videos/proposed-sibor-revamp-may-lead-to-more-fluctuation-in-home-loan-9493204

Shorter, streamlined process for HDB resale transactions from next year

The new HDB Resale Portal to be launched next year aims to shorten the resale transaction process by up to eight weeks, down from the current 16 weeks.

SINGAPORE: The Housing and Development Board (HDB) will launch a new resale portal to reduce the transaction time for buying and selling HDB flats, it announced on Thursday (Oct 19).

The HDB Resale Portal will be launched in January next year to process new resale applications. It aims to cut the time taken to complete a resale transaction by up to half the 16 weeks currently required.

Minister for National Development Lawrence Wong had earlier announced in this year’s Committee of Supply debate that his ministry will leverage technology to streamline the transaction process for resale flats.

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