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THE bumper supply ramp-up of new land sites has allowed developers to keep their landbanks stocked up in the face of roaring home sales. Most big-gun builders have thousands of units in their landbanks. A landbank comprises unsold units – including executive condominiums – from projects with planning approval and estimated units from sites that [...]
Archive for the ‘Outlook’ Category
Second-time buyers get a better shot at EC units
Posted by Agent Tay on March 5th, 2012
Last Friday news that second-time buyers of public housing units would be given more chances to purchase executive condominium (EC) units; the previous 5 per cent limit increased to 30 per cent of units in ECs will now be set aside for this class of house hunters. ECs are sold by private developers with condominium-like [...]
Posted in HDB, New Launches, Outlook, Residential 
Tags: executive condo, Twin Waterfalls 
No Comments »Development Charge updates as of March 1st 2012
Posted by Agent Tay on March 4th, 2012
A Recap – What is Development Charge? Development charge is a tax on the enhancement in land value resulting from the State approving a higher value development proposal. (quoted from URA) So what does this mean? It means that if you wish to build something on the land, improve the value by adding a building, [...]
Seller stamp Duty – a Primer
Posted by Agent Tay on March 1st, 2012
I had a query from a client today about seller stamp duty or SSD I realized that many people are still very confused about how much they need to pay. As the law society conditions of sale 2012 has just been released a couple of days ago, and going through the myriad of pages of [...]
Sentosa Cove bungalow fetches record $39m
Posted by Agent Tay on March 1st, 2012
IN the latest sign of a revival in the high-end bungalow market, a seafronting bungalow at Cove Drive has changed hands at $39 million, a record absolute price for a bungalow in the upscale waterfront residential district of Sentosa Cove. This surpasses the previous high of $36 million for a bungalow on Paradise Island that [...]
Private property prices to fall up to 12% over next 3 months: Analysts
Posted by Agent Tay on February 28th, 2012
Private residential property prices are expected to fall as much as 12 per cent over the next three months. This is according to analysts who also expect demand for private homes to decline as well over the next few months. Analysts say the recent move by the Government to introduce additional buyer’s stamp duty (ABSD) [...]
Offset on Stamp Duty is “not wrong”
Posted by Agent Tay on February 10th, 2012
The following article highlights the promotion by Far East Organisation for some “freebies” to offset the Additional Buyer Stamp Duty imposed as a cooling measure by our Government. It does not always come in the form of a cash discount. Some projects may see a direct discount, some may enjoy food/furniture vouchers. From a business [...]
Parc Rosewood
Posted by Agent Tay on February 10th, 2012
Parc Rosewood My Home My Resort Marketed by ERA – call 8288 4499 99 Year Leasehold Project at 71 to 99 Rosewood Drive 1 Bedroom From $398K onwards* 2 Bedroom From $568K onwards* 3 Bedroom From $778K onwards* Parc Rosewood Key Value Points Transport Convenience Walking distance to Woodlands MRT & Bus Interchange Situated in [...]
Redas strikes a sombre note on property sentiment
Posted by Agent Tay on February 4th, 2012
THERE were plenty of new private homes sold last month but a key property industry body warned yesterday that the market sentiment may be more sombre. Mr Wong Heang Fine, president of the Real Estate Developers’ Association of Singapore (Redas), said January’s strong numbers – analysts tip that about 1,800 units were moved – must [...]
Developers set for more launches
Posted by Agent Tay on February 4th, 2012
PROPERTY developers are continuing to plow ahead with their pipeline of launches, even as they ponder over the best course of action to take following the government’s latest cooling measure, the additional buyer’s stamp duty (ABSD). Frasers Centrepoint for one, will go ahead with the launch of its Twin Waterfalls, a 99-year leasehold executive condominium [...]
