Property News and Articles

Here are some extracts of the Singapore Property News | Articles. The briefs are summaries from leading print medias, URA, HDB and authoritative real estates sites. You may also find the latest rules and regulations on mortgage financing, CPF usage, legal eligibilities that affecting the sales and leasing of properties.

Singapore Property News and Articles
Private Properties up 0.4% from 2012 Q1 [1st July 2012] :
Released by the URA, the private residential property price index in overall, climbed 0.4 % to 206.8 in Q2 2012, up from 206.0 in the previous Q1. The rise counters the 0.1% decline seen in the previous quarter. Prices of non-landed private homes (Condo/Apartment) rose 0.6% in the Core Central Region (CCR) during Q2 compared to the Q1 of 0.6% reduce. Prices of Rest of Central Region (RCR) increased at a slower pace of 0.4 % in the Outside Central Region (OCR) compared to the previous increased of 1.1 percent. URA said the estimates are compiled based on caveats lodged transaction given in during the first 10 weeks of the quarter supplemented by information on the number of new units sold by developers.

New Property Cooling Measure Coming your way ? [1st July 2012] :
These are dividing views on the market, on one hand comments by National Development Minister Khaw Boon Wan in Jun regarding the increasing number of shoebox apartments in the market, alongside rising suburban home prices, have risen the concerns that tougher housing policies could be implemented anytime soon. On the other hand,  with the uncertain economic outlook and the weakened property market globally, the chances of new property cooling measures ahead are quite unlikely according to Property analysts. The last (5th) round of cooling measures in December 2011 has already caused a blow to buying sentiment and consequently, transactions.  For example, Foreign buyers accounted for 35% of transactions in the first 5 months of 2011, only made up 23% of transactions in the same period this year. The luxury property market of $5 million up has practically collapsed, with the number of transactions falling by over 60%.