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HDB puts up mixed-use site in Tampines Street 94 for sale The plot could yield about 585 residential units. Read more at straitstimes.com.

Executive condo site in Tampines Street 62 sets price record The previous record land rate was $703 psf ppr for an EC site in Plantation Close in Tengah in September. Read more at straitstimes.com.

Another EC plot

Plantation Close EC site at Tengah awarded to Hoi Hup Realty and Sunway Developments at record $703 psf ppr The tender for the Plantation Close EC site received bids from nine tenderers.

New private home sales in July surge to highest since November 2021 SINGAPORE: Sales of new private homes in Singapore soared in July, hitting its highest level since November 2021, according to data released by the Urban Redevelopment Authority (URA) on Tuesday (Aug 15). Excluding executive condominiums, the 1,412 units sold marked a significant jump from the 27

New Private Home Unit Sales for May 2023

In May 2023, the sales of new private property homes (excluding EC) moved briskly with 1,038 units sold. The previous time period where private residential sales surpassed a thousand units was in May 2022.

The surge in transaction volume can be attributed to the healthy take-up rate of two new launches, The Continuum in D15 and The Reserve Residences in D21. Both projects are in the Rest of Central Region (RCR).

In the current high interest rate environment, homebuyers that do not have urgent housing needs and can wait several years to take possession may be more attracted to new projects under construction as they can leverage on the Progressive Payment Scheme (PPS). This buys time for the home purchasers as interest rates could be normalising by then. Even if the current high interest rates have not yet declined, the impact would still be bearable as the loan disbursements are progressive according to the stages and pace of construction.

Bestselling Properties for May 2023

The Reserve Residences (523 units sold) in RCR, The Atelier (22 units sold) in CCR and The Botany at Dairy Farm (16 units sold) in OCR.

Upcoming Projects

There are eight upcoming projects slated for launch primarily in the OCR and RCR. Do anticipate big upcoming projects such as Grand Dunman (1008 units) in RCR and Lentor Hills Residences (598 units) in OCR.

https://www.99.co/singapore/insider/things-pr-cant-do-property-ownership-singapore/?utm_source=facebook&utm_medium=social&fbclid=IwAR2hKB60UtNNoQnjQO866IaRRpqLqWaBYwfK01hJwbZkT85u62O2xQU8L3c_aem_th_Ae7ihDry-Pp6_nJe9fCZLdfaDzpeLIHcugZ8e26nDV3DYyZukRfMwcDLPowDELZbTug

10 things PRs can’t do when it comes to property ownership in Singapore Besides Singaporeans, PRs are allowed to buy HDB resale flats and restricted properties, such as a landed home.

Latest launch after the new cooling measure.

[UPDATE] Blossoms By The Park achieves 73% sales despite government cooling measures Despite property cooling measures that came into effect two days ago, Blossoms By The Park became a top-seller for a new project launch in 2023

Terra Hill launch

Terra Hill achieves 38% sales on launch weekend, with an average price above $2,650 psf Hoi Hup and Sunway Developments' Terra Hill saw 102 units sold, including seven units in The Prestige Collection, where prices of units averaged above $2,850 psf

New private home sales surge 125% in September, Copen Grand EC sells 73% of units on launch day, and more New private home sales surge 125% in September, Copen Grand EC sells 73% of units on launch day and more. Here are the news highlights from 18 October to 25 October 2022.

What are the impacts of the new property cooling measures?

Impact #1
Current and Former private property owner have to wait 15 months to buy a resale flat.

Impact #2
The loan-to-value (LTV) limit for HDB housing loan will be tightened from 85% to 80%.

Impact #3
HDB has introduced an interest rate floor of 3% for HDB housing loan.

To know more, do reach out to me @ 8389 7211

The transformation of Lentor area.

How GuocoLand is spearheading the transformation of Lentor Lentor is undergoing a transformation with 6 GLS sites for the development of private condos. Lentor Modern is the first condo to lead it.