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Property Market sales in Singapore improved despite the brake on en bloc sales fever

If you have been actively following the real estate market in Singapore for the past 2 years, you would have remembered the hype that excites many Singapore private owners and real estate investors; the Enbloc Fever. Almost every month you would have heard of a private property development transacted a new record price from the Enbloc sales where real estate investor was looking out for properties that have enbloc potential.  The hype carried on for about 2 years before it died down due to the new cooling measures that the government had implemented in July 2018. Mainly due to the incremental of additional buying stamp duty (ABSD), a higher Development Charge (DC) and restrictions on the maximum number of new units which adds to the cost of land acquisition and thus, slowing down the enbloc fever. Why did the government implement such ruling?  It was noticeable that the enbloc fever has caused the prices of new launch properties to increase, due to the fact of higher and higher la
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New rulings on HDB housing loans, CPF usage implemented.

A minority of the homeowners have been putting up their aged Housing and Development Board (HDB) flats for sale for months (some, for years) and not getting it successfully sold, due to the general sentiment towards the old age of public housing flats. But with the recent changes in rules regarding the use of Central Provident Fund (CPF) savings and HDB loan restrictions when purchasing a flat, these sellers are now more hopeful of finding a buyer. OLD RULES REGARDING CPF USAGE AND HDB LOANS In the past, how much CPF you can use to pay for your residential property and HDB loan amount depends on the length of lease remaining on your property. OLD SCENARIO 1:  If your property has a remaining lease of at least 60 years: CPF Usage: You can use your CPF up to the Valuation Limit (VL). HDB Loan: You can loan up to 90 per cent of the Loan-To-Value (LTV) Limit. OLD SCENARIO 2:  If your property has a remaining lease of less than 60 years: CPF Usage: You can

Singapore Masterplan 2019 and how it affects Singapore Property Market

Singapore's development for urban future With the release of 2019 Draft Masterplan, a lot of hypes and commotion has been going on. What is a masterplan: " A  master plan  is a dynamic long-term  planning  document that provides a conceptual layout to guide future growth and development", in other words, it is a blueprint map and guidelines for Singapore on how the land and building structure can be used. Facilities will be relocated to the underground to free up 1,000ha for more houses and recreational facilities. In order to relight and livening up the CBD off-work hours, the Singapore government has raised the mix of residential and commercial buildings in the Downtown area like Anson Road, Cecil Street, and Tanjong Pagar. All the industrial, commercial and educational structures will also be furnished to fit the businesses in these areas. NEW HOUSING More houses will be built in the central business district (CBD) and Marina Bay area  to inc