Entries by The Colab Team

Lease buyback scheme to be extended to all HDB flats

Elderly owners of large Housing and Development Board (HDB) flats can look forward to monetising their flat by selling part of their remaining lease to the government.  This comes as the Lease Buyback Scheme (LBS) will now be extended to all HDB flats, including five-room and bigger units, to enable more Singaporeans to benefit from […]

This post was originally posted on Property Guru Property Market News Section

Response to VERS to depend on govt’s offered price for HDB flats

The response of HDB homeowners to the newly announced Voluntary Early Redevelopment Scheme (VERS) will hinge on its particulars, property experts told TODAYonline. “It boils down to how (it) will be implemented, and how much flat owners will be compensated” noted ZACD Group executive director Nicholas Mak. “What is the threshold needed to secure approval […]

This post was originally posted on Property Guru Property Market News Section

Home Improvement Programme to be expanded to benefit 230,000 HDB flats

View of HDB flats in Toa Payoh. In his National Day Rally speech on Sunday (19 Aug), Prime Minister Lee Hsien Loong said the Housing and Development Board’s Home Improvement Programme (HIP) will be expanded soon to cover HDB flats built between 1987 and 1997. Started in 2007, HIP currently covers HDB flats built up […]

This post was originally posted on Property Guru Property Market News Section

CDL-CapitaLand bags prime site in Sengkang Central

A joint venture (JV) between CapitaLand and City Developments Ltd (CDL) has clinched a prime mixed-use site in the heart of Sengkang Central for $777.78 million ($923.6 psf ppr), announced the Urban Redevelopment Authority (URA) on Thursday (16 August). The JV said the 3.7ha (401,008 sq ft) site is among the biggest residential and commercial […]

This post was originally posted on Property Guru Property Market News Section

August property sales to fall as buyers postpone purchases

With buyers holding back purchases during the hungry ghost month, analysts expect property sales for August to be sluggish, reported Singapore Business Review. Colliers International even expects the significant drop in sales to continue to September as the buyers’ knee-jerk reaction to the new housing curbs add up to the annual ghost month trend. Singapore’s […]

This post was originally posted on Property Guru Property Market News Section

Home prices to fall by up to 15% on property curbs: PropNex

The drop in home prices in Singapore could appeal to home buyers. With the new property cooling measures, PropNex Realty expects private home prices in Singapore to drop by 10 to 15 percent – which could appeal to first-time home buyers irrespective of the five percentage point reduction in loan-to-value (LTV) limits, reported Singapore Business […]

This post was originally posted on Property Guru Property Market News Section

Buyers rushing to avoid property curbs led to 55% surge in July home sales

Riverfront Residences was one of the top performing projects in terms of sales last month. Propelled by buyers rushing to purchase private condos hours before the new property curbs took effect on 6 July, new private home sales in Singapore jumped 55 percent to 1,724 units in July, or the highest level since March 2017, […]

This post was originally posted on Property Guru Property Market News Section

Singapore is 37th most liveable city in the world

Singapore has fallen behind Hong Kong in global liveability. Singapore has been ranked as the 37th most liveable city in the world in the Economist Intelligence Unit’s (EIU) Global Liveability Index, down two spots from its previous ranking. The city-state was overtaken by Hong Kong by a marginal difference of 0.1 percent, as it settled […]

This post was originally posted on Property Guru Property Market News Section

Developers slash private condo prices by 5-10%

A crowd of buyers at the recent launch of The Tre Ver in Potong Pasir. (Photo: UOL Group) Private condominiums launched before and after the introduction of new property curbs are trimming their unit prices by around 5.0 to 10 percent, reported TODAYonline. “The price sweeteners are there to cushion the immediate impact of cooling […]

This post was originally posted on Property Guru Property Market News Section