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LEARN ALL ABOUT SINGAPORE'S PRIVATE PROPERTY MARKET

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http://www.propersquare.com/articles/details/learn-all-about-singapores-private-property-market#.WWKMN4SGPIU Learn all about Singapore Properties here. With an aim to help readers understand Singapore’s property market, we’ve consolidated a comprehensive list of FAQs on Singapore Property. We narrowed down the facts that are particular to Singapore’s property market, and created this Property lesson 101 to help jump start you right in! We are sure you’ll find some interesting facts you never knew before. Without further ado, let us get up to specs on our knowledge of the private property market! :) SINGAPORE PROPERTY 101   PROPERTY DEVELOPERS We can buy property directly from developers, or 2 nd  hand through the resale market.  In 2012, 2/3 of all purchases were brought from the developers directly, and 1/3 from individual owners thru the resale market.  That also means that developers have huge control over the pricing of private housing in Sin...
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Time to recalibrate policy measures

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When markets run amok, government policies are expected to provide stability. This was indeed the case when the policy measures first kicked in, starting from September 2009 and culminating in the implementation of the total debt service ratio (TDSR) framework on June 29, 2013. The market then started to respond to these measures and began the long process of detoxification. The slew of measures has altered the real estate investment landscape and effectively constrained overspending. Consequently, the private residential market is now behaving in ways that are different from the heydays of the past. Here, we look at some of those changes. The sequential imposition of the cooling measures has inadvertently created a live experiment on its impact on new-home sales in conjunction with housing prices. Over the past 14 quarters, with the measures in place, annual new-home sales volume has hovered between 7,300 and 7,900 units, with price changes in negative territory. Achieving a...
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Perils of owning ageing leasehold properties

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A week ago, Singapore permanent resident Ms Lew was just calculating the remaining lease on her 700 sq ft, three-room HDB flat in Marine Parade and wondering how much it could fetch in the resale market. “I’m just a couple of years from retirement,” she says. Lew’s flat, like the more than 7,000 in Marine Parade, was completed in 1975. According to HDB’s website, Marine Parade was the first housing estate to be built on reclaimed land. This means that the flats in Marine Parade have 57 years remaining on their 99-year leases. Singaporean Ms Aw, who bought her 1,128 sq ft, five-room HDB flat in Marine Parade 17 years ago, says she now feels “a little unsettled”. Even though her flat is already fully paid for, the 56-year-old says, “My retirement is locked in this flat. If I want to make money from it, I will have to sell it and downgrade to a smaller BTO [built-to-order] flat so I won’t be saddled with a big home loan”. The two HDB owners are representative of many others staying ...
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