Singapore wants people to live, work and play in one place

This comes as the financial district is bustling by day, but is close to deserted by night and over weekends. The Singapore government hopes to transform the central business district into a place where people can live, work and play. This comes…

Man fined $72,000 for illegal estate agency work

The unlicensed agent had posted nine online advertisements for the lease of private properties and HDB flats on public property portals. A 31-year old man was convicted in court of nine charges of conducting estate agency work without being…

Condo listings under mortgagee sale up in Q1

Residential listings under mortgagee sale continue to make up the bulk of total mortgagee listings. Private condominium listings under mortgagee sale have been on the uptrend as mortgage payments have been rising on the back of increasing interest…

Singapore home prices down in Q1

The drop in private home prices wasn’t surprising considering the weaker market sentiment following the introduction of new cooling measures last year, said analysts. Private home prices fell for the second straight quarter, dropping 0.6…

Dakota Crescent redevelopment plans still up in the air

Under the URA Draft Master Plan 2019, future public housing will be planned around the six former housing blocks and the iconic courtyard space. The redevelopment plans and design for Dakota Crescent estate are still being worked out, and more…

NParks launches new trails from Coney Island to Jurong

The coast-to-coast trail will cut across the city-state, taking visitors through a variety of nature areas, parks and places of interest. The National Parks Board (NParks) has launched a 36km Coast-to-Coast (C2C) Trail that connects Coney Island…

Tan Quee Lan site to be hotly contested

Located in the heart of Bugis, the 99-year leasehold site is expected to yield up to 580 housing units. An 11,530.9 sq m site at Tan Quee Lan Street was launched for sale on Friday (29 Mar) under the confirmed list of the first half 2019 Government…

Auction sales down 42.1% in Q1

The highest transaction registered during the quarter was the mortgagee sale of a unit at Grange Residences, which attracted 24 bids and ended the auction at $7.15 million. Singapore’s auction market saw total sales value drop 42.1 percent…

Brief Review of Mortgage Rates in 2018 and 2019 and a Revisit for SIBOR?

General Trends in 2018 Looking back at the trend of mortgages in 2018, we would have noticed that people are all big about fixed rates and many of you would have to ask why? The reason is simple, fixed rates were at a 1.55%, 2-years fixed whereas…

Brief Review of Mortgage Rates in 2018 and 2019 and a Repeal for SIBOR

General Trends in 2018 Looking back at the trend of mortgages in 2018, we would have noticed that people are all big about fixed rates and many of you would have to ask why? The reason is simple, fixed rates were at a 1.55%, 2-years fixed whereas…