Showing posts from 2011

Additional Property Cooling Measures

MND issued a media release at 740pm last evening.   Additional Buyer's Stamp Duty for a Stable and Sustainable Property Market 07 Dec 2011 07:40 PM 1              The Government announced today an Additional Buyer’s Stamp Duty (ABSD) to be imposed on certain categories of residential property purchases. The ABSD will be imposed over and above the current Buyer’s Stamp Duty, and will apply to the purchase price or market value of the property (whichever is higher) for the following purchases: a)    Foreigners and non-individuals (corporate entities) buying any residential property will pay an ABSD of 10%; b)    Permanent Residents (PRs) owning one and buying the second and subsequent residential property will pay an ABSD of 3%; and c)    Singapore Citizens (Singaporeans) owning two and buying the third and subsequent residential property will pay an ABSD of 3%. The ABSD will take effect on 8 Dec 2011. Remission of ABSD will be given for options granted on or

HDB upgraders set pace in private property market

SINGAPORE: The private residential market saw a rebound in September. Figures released by the Urban Redevelopment Authority (URA) on Monday showed 2,064 units, including executive condominiums (ECs), were transacted. This is the highest number of monthly transactions this year and a significant 26 per cent increase from August's 1,638 units. Treasure Trove, a development in Punggol, accounted for about 40 per cent of the transactions with more than 680 units sold. PropNex Realty said the homebuyers are mainly HDB upgraders, attracted to the pricing and the proximity of the development to the Punggol MRT. It said the revision of income ceiling had prompted many to purchase ECs.   More details at Source : MediaCorp Pte Ltd

New enhancements to HDB website e-services

SINGAPORE: From Wednesday, flat buyers will be able to enquire about the transacted resale prices within a 500-metre radius from any existing HDB block or DBSS project. They can do this by specifying the HDB block or DBSS project, and a summary table on the range of transacted resale prices by flat type within a 500-metre-radius of the target property will be displayed. This will also include the range of floor areas and the number of resale transactions. Users can access this enhanced e-Service on the HDB InfoWEB at from 10am on 12 October. Currently, the public can check for resale transactions made over the last one year via the Resale Flat Prices e-service or the Centralised Map Services enquiry facility. However, there is no enquiry facility for users to search using a distance criterion. With the latest enhancement, the HDB said the public will have better information on resale prices near the particular property they are interested

Property outlook? You are all alone

When there were first signs that the United States economy would slip back into recession, the US dollar fell against most currencies. However, when the euro zone debt crisis deepened, the greenback appreciated sharply. This caused a small but sudden spike in the Singapore Interbank Offered Rate to which most housing loans are pegged to. So, this is how our local rates can ostensibly rise even when the US Federal Reserve promises to keep US rates low till mid-2013. Talking about safe havens, gold's latest bull market began in late 2008 because investors longed for something tangible. This was because the value of stocks, bonds and even currencies was shaken by the financial crisis. People wondered whether any corporation or government was strong enough to stand behind a certificate. As a physical possession, gold was one of the few investments that needed no such guarantee. Sounds familiar? Property is also something that most people would consider as tangible.

Own a Semi-Detached Bungalow for the price of a HDB

Imagine leasing your HDB out and using the rent to service the loan for your dream home in Iskandar Malaysia, just 10 minutes away from Singapore. Well, opportunity comes to those who takes action now.  The Straits View Residences (Phase 4) A freehold strata land parcel development located in the centre of the Iskandar Malaysia, just 10 minutes to Singapore. It consists of distinctively designed 186 exclusive semi-detached homes and 32 luxurious bungalows within a well gated and guarded community. This low density luxurious development offers an exclusive clubhouse for the residents and the panoramic view of the Straits of Johor and Singapore.      The Straits View Residences are proudly developed by Permas Jaya Sdn Bhd, a subsidiary of Bandar Raya Developments Berhad. BRDB is Malaysia’s premier high-end property developer responsible for creating some of Malaysia’s most desirable addresses, including the award-winning The Troika, designed by worl