TUDI GONG

Prices of mass market property launches could hit record high as developers face cost constraints ELEVATED costs and limited inventory could result in new benchmark prices in the private residential market this year, with the average price of some suburban project launches seen trending close to, or crossing, the S$2,000 per square foot (psf) mark. Read more at The Business Times.

Sers flat owners in Ang Mo Kio welcome new 50-year lease option for replacement units https://www.straitstimes.com/singapore/housing/sers-flat-owners-in-ang-mo-kio-welcome-new-50-year-lease-option-for-replacement-units

Sers flat owners in Ang Mo Kio welcome new 50-year lease option for replacement units One said this will allow him to move into his new flat when he is set to retire in 2027 with some cash in hand. Read more at straitstimes.com.

The lack of major launches and lesser supply will characterize the property market in 2022. Developers were on a land-banking binge from 2016 to 2018, until the cooling measures that come into effect on July 6, 2018, put a stop to it. From the second part of 2018, the state also restricted the quantity of land on the confirmed list of the Government Land Sales (GLS) Program.

All of the projects have a 99-year leasehold term and are located in areas that are popular with purchasers or have had little to no supply in recent years. These releases should be kept in mind by buyers.

For more information, you can visit:
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https://www-insider-com.cdn.ampproject.org/c/s/www.insider.com/singapore-good-class-bungalows-sale-photos-wealthy-mansions-2022-6?amp

One of Singapore's largest good class bungalows is for sale: photos "Good class bungalows are the crème de la crème of Singapore's landed houses," listing agent Steve Tay of Sotheby's International Realty told Insider.

This furniture style draws on art, nature, and the most complex architecture for its inspiration. It is both useful and elegant, and it caters to all types of audiences.


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On the inside of the walls, outside the windows, and in the ground. If there are fractures visible, it must be evaluated technically. Hairline cracks might indicate a more serious problem than meets the eye.

Depending on the structural basis on which the property is constructed, other neighbouring development projects may cause the property to shift.


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Analysts and real estate professionals told CNBC that property prices in Singapore have risen in the last two years and would likely continue to rise despite the government's attempts to calm the market.

According to Leonard Tay, director of research at real estate brokerage Knight Frank Singapore, private residential prices might climb by 1% to 3% in 2022.

According to Ong Teck Hui, senior director of research and consultancy at JLL Singapore, prices would rise by 2% to 4% this year.

For more information, you can visit:

https://cnb.cx/3lClOC7


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https://www.channelnewsasia.com/singapore/government-raises-confirmed-private-housing-supply-26-launch-first-sale-site-marina-south-2731241

Government raises confirmed private housing supply by 26%, to launch first sale site in Marina South SINGAPORE: The Government has raised the land supply for private housing on the Confirmed List under the Government Land Sales (GLS) Programme for the second half of this year by 26 per cent to 3,505 units, including the first sale site located in the Marina South precinct. The Confirmed List com

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Why are HDB BTO application rates so high? https://www.straitstimes.com/singapore/housing/why-are-bto-application-rates-so-high-hdb-cites-repeat-applicants-longer-booking-period-attractive-projects

Why are HDB BTO application rates so high? What does your queue number say about your chances? The overall number of applications per flat went up from 2.6 times in 2018 to 5.5 times in 2021. . Read more at straitstimes.com.

Environmental factors should be taken into consideration while choosing a property. The orientation of a residence, especially in Singapore's tropical environment, will impact its comfort level and property value.

A house that is well-lit and naturally ventilated consumes less energy. To acquire a true knowledge of your chosen location, check for prevailing wind conditions and arrange viewings at several times of the day.


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Some residents shocked by acquisition for Checkpoint expansion, others welcome move https://www.straitstimes.com/singapore/housing/some-marsiling-hdb-residents-shocked-by-acquisition-for-checkpoint-expansion-others-welcome-move

Some HDB residents shocked by acquisition for Woodlands Checkpoint expansion, others welcome move The affected blocks in Marsiling Crescent and Marsiling Lane include 732 sold flats and 53 rental flats. . Read more at straitstimes.com.

https://www.businesstimes.com.sg/companies-markets/mct-mnact-unitholders-approve-merger-to-create-third-largest-reit-in-singapore?utm_medium=social-organic&utm_source=facebook&fbclid=IwAR3G9LZtzYk_bL0Blep6ARAAC405lANxa29F9VQHyXPOoI395dPwUwr79QU

MCT, MNACT unitholders approve merger to create third largest Reit in Singapore UNITHOLDERS of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have voted in favour of the merger to create one of Asia’s 10 largest real estate investment trusts (Reits). Read more at The Business Times.

HDB to launch 2 BTO projects in May under prime location model in Bukit Merah, Queenstown https://www.straitstimes.com/singapore/housing/hdb-to-launch-2-bto-projects-in-may-under-prime-location-public-housing-model-in-bukit-merah-queenstown

HDB to launch 2 BTO projects under prime location model in Bukit Merah, Queenstown The two BTO projects are among five sites that will be launched for sale in May. . Read more at straitstimes.com.

https://www-businesstimes-com-sg.cdn.ampproject.org/c/s/www.businesstimes.com.sg/hub-projects/property-2022-march-issue/how-attractive-is-singapore-property-on-a-global-stage?amp

How attractive is Singapore property on a global stage? SINCE the onset of the pandemic, Singapore has been a beacon of stability. Read more at The Business Times.

https://www.99.co/singapore/insider/bishan-hdb-64-years-left-sold-1-18m-s750-psf-record-neighbourhood/?fbclid=IwAR1vBajIyFrvvVKKOaTcTMA7Y-EpcG5h9cDkjisj7bZm_X-mNHUewKhdOAs

Bishan HDB with 64 years left sold for $1.18m, breaking stereotype that older flats have low appreciation value The maisonette homeowner happened to chance upon his home value potential when he was tracking it via 99.co Property Value Tool and seized the opportunity to sell it at a neighbourhood record of S$750 psf.

Prices of new launches are heading north. Sets the tone for the property market for the rest of the year.

https://www.edgeprop.sg/property-news/%E2%80%98piccadilly-grand-effect%E2%80%99-upcoming-launches

[UPDATE] ‘Piccadilly Grand effect’ on upcoming launches With Piccadilly Grand 77% sold on its first weekend of launch, will it set the tone for the rest of the launches this year?

https://www.businesstimes.com.sg/real-estate/surge-in-industrial-property-supply-could-slow-price-and-rental-growth-colliers?utm_source=facebook&utm_medium=social-organic

Surge in industrial property supply could slow price and rental growth: Colliers An anticipated surge in supply could slow price and rental growth in the industrial property sector, after 6 straight quarters of price and rental rises. Read more at The Business Times.

Singaporeans, PRs expected to fill demand gap by foreigners for luxe condos ON DEC 16, 2021, when the additional buyer's stamp duty (ABSD) rate for foreign buyers of private residential property was increased from 20 per cent to 30 per cent and for Singapore citizens buying a second residential property, raised from 12 per cent to 17 per cent, the faces of those who had a p...

Low rental stock and a lack of new homes caused by construction delays drove up rents. Rents are projected to continue rising.

Condo, HDB rental prices hit record highs in April https://www.straitstimes.com/business/property/condo-hdb-rental-prices-hit-record-highs-in-april-fewer-units-leased

Condo, HDB rental prices hit record highs in April; fewer units leased Condo rents surpassed previous peak in Jan 2013 by 1.8%. HDB rents saw a record increase year on year. . Read more at straitstimes.com.

In land scarce Singapore, where the value of space in the air just keeps appreciating.

Condo resale prices rise for 21st straight month in April, suburban prices hit new high https://www.straitstimes.com/business/property/condo-resale-prices-rise-for-21st-straight-month-in-april-suburban-condo-prices-hit-new-high

Condo resale prices rise for 21st straight month in April, suburban prices hit new high Condo resale prices rose at a slower pace of 0.7% last month, compared with March's 0.8%. . Read more at straitstimes.com.

ABSD of 35 per cent will apply on any transfer of residential property into a living trust occurring on or after May 9.

https://www.channelnewsasia.com/singapore/absd-trust-residential-property-additional-buyers-stamp-duty-2671836

Additional buyer's stamp duty of 35% to apply on any transfer of residential property into living trust from May 9 SINGAPORE: Additional buyer’s stamp duty (ABSD) of 35 per cent now will apply on any transfer of residential property into a living trust occurring on or after May 9, the Ministry of Finance (M*F) announced on Sunday (May 8). ABSD will be payable even if there is no identifiable beneficial own

An interesting insight into a portfolio of an international real estate investor - a Singaporean

This Singaporean investor in her 30s owns 47 properties around the world - we break down 5 of them In 2020, I met this fascinating lady when I was out socialising. Let’s call her Ms Dollar. There were so many reasons why she left such a huge impression on me, but what truly took the cake was that she owns 47 properties around...

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The impact of the recent cooling measures and higher property taxes.

Singapore home sales plunge to lowest since May 2020 on curbs Singapore home sales slumped to the lowest in 21 months as the residential market slows on cooling measures and higher property taxes.

"New office pricing records were set in Singapore over 2021"

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