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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Freehold Condominiums in Singapore – Why Freehold is Not as Great as it Seems

Singapore — Singaporeans get traditional when it comes to property. We want the land we pay for, and 99 years won’t cut it. We want our descendants holding on to it.

But freehold property is a monstrous cost; and are we being practical, or buying an overpriced security blanket? In this article, we examine how freehold property has conditional value. Depending on your situation, it may not be the best choice:

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Top HDB neighbourhoods with the best amenities

Singapore — Set up in the 1960s to solve the nation’s housing crisis, HDB flats have today become a Singapore icon that is synonymous with quality and affordable living.

Clustered into towns, HDB neighbourhoods are vibrant living environments that have a huge cultural significance to our collective identity, because 80% of our residential population live in them.

Even if you don’t live in a HDB flat, you would have come across or utilised some of the amenities in a HDB neighbourhood, whether it is a hawker centre, the neighbourhood mall, clinic or sports centre. But while a myriad of commercial, recreational and social amenities can be found in all HDB neighbourhoods, the truth remains that certain neighbourhoods do stand out above the rest.

In this article, we pick the top 5 HDB neighbourhoods (in no particular order) with the best range of amenities based on their proximity to the following:

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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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