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Recent blog posts
The result of the latest state tender for two adjoining Yishun plots near a golf course and reservoir reflects a moderation in executive condominium (EC) land bids.

Analysts attribute this to a mix of last December's rule tweaks for EC buyers which have clipped new EC demand, and the batched tender system aimed at making developers more conscious of the dangers of overbidding.
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The Housing Development Board (HDB) is rolling out 6,454 flats for sale this month in both mature and non-mature estates under its Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercises.

The third BTO launch this year will offer 3,071 BTO flats in four projects in the non-mature towns of Bukit Batok and Woodlands, bringing the total number of BTO flats released this year to 9,707 units.
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The Housing and Urban Development Co (HUDC) estate at Hougang Avenue 2 has been privatised successfully, making it the 15th of 18 such once-public housing estates to do so.

The estate will be converted into a strata-titled property under the Land Titles (Strata) Act, said the Housing & Development Board in a statement yesterday.
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The hottest overseas real estate market for Singapore investors during last year's splurge on foreign property was Malaysia, going by central bank estimates.

The country accounted for slightly more than half of real estate investments abroad last year, followed by Britain and Australia. These three countries made up the lion's share of purchases.
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Property experts yesterday singled out four potentially popular areas for home buyers: Jurong, Woodlands, Holland Village and the upcoming Bidadari Estate.

They were taking part in the STProperty Rise Up To The Challenges In The Singapore Property Market forum, held at The Star Performing Arts Centre.
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A remarkable stillness has settled over the private property market in the hip Tiong Bahru district in the past few months.

Resale deals there have slowed to a trickle as most buyers eyeing the area wait with bated breath for the upcoming launch of a new condominium project in Kim Tian Road.
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Brisk sales at weekend launches of two 99-year leasehold condominiums at Pasir Ris and West Coast suggest that the recent rebound in private home sales could be set to continue. Analysts said the robust demand was a good sign, but attractive pricing probably played a large part.
Coco Palms sold 490, or 82 per cent, of the 600 units released as of 3pm yesterday, according to City Developments (CDL), which is developing the project with Hong Leong Holdings and Hong Realty. All one-bedroom units released at the 944-unit project near Pasir Ris MRT station were sold out.
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Posted by on in Residential
City Developments (CDL) sold most of its launch units in the Coco Palms project over the weekend after trimming the price tag, the developer said yesterday.
Coco Palms, a joint venture between CDL and Hong Realty (Pte) Ltd, sold about 490 units at an average price of $980 per square foot (psf) as at 3pm yesterday. The number of units sold represents 82 per cent of the 600 units available at the weekend launch, or 52 per cent of the 944 units in the entire development.
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Developers cut prices and succeeded in reviving private home sales last month, possibly setting the stage for further discounts in what's increasingly seen as a buyer's market.
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April's private home sales reached the highest level since last November, following price cuts at several projects. Figures released by the Urban Redevelopment Authority (URA) yesterday showed transactions rebounding 55 per cent in April to 745 units, after a slump in March when only 480 units were moved. The figures are based on monthly submissions of private housing sales by developers.
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One in three home buyers are unaware of or do not understand the new total debt servicing ratio (TDSR) framework, a recent survey has revealed.

The survey by UOB found that home buyers' top two uncertainties over the new TDSR framework are how the existing cooling measures affect their loan application and how the framework applies to their personal situations.
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Real estate agency ERA is shifting its focus to selling new launches as weak property market sentiment eats away at the resale segment, its traditional mainstay.

"We're trying to get more new projects for the agents to sell," said Mr Jack Chua, chief executive of ERA.

"We also encourage agents to do more lower-quantum deals and focus on rental."
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Posted by on in Residential
Interest in the tranquil Faber Hills estate in West Coast could pick up soon with the launch of a new condo.
The area is mostly occupied by pricey landed housing and has only had two new launches in the past year, making it one of Singapore's sleepier property spots but this could soon change.
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Applications for a housing grant originally meant for low-income earners have surged after it was extended to middle-income households last August.

Almost twice as many flat buyers took up the Special CPF Housing Grant in the first three months of this year than in all of last year, the Housing Board (HDB) said.
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Property agents have been issued a reminder about proper marketing procedures for Housing Board resale flats, after new rules were introduced in March.

The Council for Estate Agencies (CEA) recently advised the heads of property firms here that advertising efforts must not refer to the actual valuation of the flat. Only references to the seller's asking price should be mentioned.
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A severely limited supply of landed homes may help their prices hold up better this year compared with condominiums.

Analysts say although landed home prices have fallen over the past few quarters owing to generally poor market sentiment, the segment's slowdown could ease off this year and even bottom out.
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Posted by on in Commercial
With their tennis courts, swimming pools and barbecue pits, the new wave of industrial developments opening their doors in 2015 and 2017 almost resemble residential properties in terms of the facilities they offer.
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One example is Tagore Lane's Business 1-zoned Tag.A. Instead of projecting the utilitarian image associated with industrial properties, Tag.A has a glossy facade and houses a rooftop pavilion, swimming pool, basketball court, gym and barbecue pits, among various facilities.
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Senior citizens who have sold their old flats and moved into studio apartments (SAs) have reaped - among other benefits - net sales proceeds of $200,000 per flat.

The figure came from Minister for National Development Khaw Boon Wan in his post yesterday in the blog, Housing Matters. It was arrived at after outstanding loans on their old flats were paid off, and after the new SAs were fully paid for.
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The newest joint venture condominium development by City Developments (CDL), Hong Realty and Hong Leong Holdings has received a strong response ahead of its launch next Saturday.

More than 3,000 visitors visited the Coco Palms showflat last weekend - the first weekend of its preview, CDL said yesterday.
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Resale prices of HDB flats dipped 0.2 per cent in April over March. The drop was driven by three, four and five-room HDB flats, which saw price weakening of 0.2 per cent, 0.8 per cent and 0.4 per cent respectively. However, prices of executive flats rose 1.2 per cent.

Overall, HDB resale flat prices for April were down 5 per cent year-on-year, show latest figures from the Singapore Real Estate Exchange (SRX).
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The Ministry of Manpower (MOM) and Central Provident Fund (CPF) Board yesterday announced that the CPF Minimum Sum, the amount set aside for retirement, has been increased to $155,000 to account for inflation and Singaporeans' rising expectations of the basic standard of living in retirement.
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