The year end in a sombre note for the private residential market, what with severe cooling measures declare earlier this month imposing an additional buyers’ stamp duty (ABSD) of 10 per cent on purchases by foreigners. Moreover, prospective buyers, including locals who may be affected by the 3 per cent ABSD, are expected to remain [...]
Starting tomorrow, new guidelines from Bank Negara Malaysia to curb rising household debt are going to kick in. The guidelines cover all consumer loan products including housing, personal and car loans, credit card receivables as well as loans for the purchase of securities. Instead of loan approvals being based mostly on gross pay, they will [...]
With so many new regulations coming up in such a short span of time, many people are confused. You would normally associate HDB with residential flats. However HDB also has shophouse units which falls under the category of a commercial properties. These commercial properties are normallysituated with town councils or town centres near hawker centres. [...]
SINGAPORE: It appears that more Singaporeans are considering at buying private residential properties in Malaysia according to some real estate agents. Malaysia-based developer Eastern & Oriental, for instance has seen a 20 per cent increase in enquiries on its project in Penang from home hunters in Singapore. Fifty-six-year-old retiree Soh Poh Neo has been for [...]
Avid readers of regional newspapers would have observed an interesting trend recently : While headlines in Hong Kong and China have emphasized waning transaction volumes and sliding prices in their residential property markets, local newspapers are stillcovering healthy demand, especially for mass-market homes, with prices reaching record highs. An interesting case in point is the [...]
Avid readers of regional newspapers would have observed an interesting trend recently : While headlines in Hong Kong and China have emphasized waning transaction volumes and sliding prices in their residential property markets, local newspapers are stillcovering healthy demand, especially for mass-market homes, with prices reaching record highs. An interesting case in point is the [...]
Property consultants have noted that there has been some opportunistic buying at the top end of the market. Many of those on the hunt are looking for condominium units for their own stay, and therefore prefer completed projects with spacious units. “With the ongoing European debt crisis, and global market uncertainty, people are hesitant to [...]
A 99-YEAR leasehold condominium site alongside Jalan Lempeng has drawn a top bid of $408 million in an eight-cornered bidding session among developers. IOI’s property unit, Multi Wealth (Singapore) Pte Ltd, was the top bidder for the residential parcel of land, offering $554.41 per square foot per plot ratio (psf ppr), 13 per cent [...]
SINGAPORE: The Government Land Sales (GLS) Programme for the first half of 2012 (1H2012) willconsist 14 Confirmed List sites and 27 Reserve List sites. These sites can yield about 14,100 private residential units, including 3,500 Executive Condominium (EC) units, 218,000 sqm gross floor area (GFA) of commercial space and 4,800 hotel rooms. The Ministry of [...]
Whenever you are given an application at the bank or credit union, ask to bring it home and undertake to fill up the application when are you are in the comfort of your home where all your pertinent documents are handy and you are not undergoing pressure. If you are doing it online, use extra [...]