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Property

Case Study: A curious case of “no money down” property schemes

We present the case of John and his parents. John is an undergraduate student who has taken finance and investment classes that cover a range of asset-types, including real estate. During a family dinner, when discussing a module that John was taking in the university, Real Estate Investments and Finance, his parents divulged that they have made a real estate …

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Singaporeans are able to afford property despite finding prices high, says PropertyGuru survey

Based on a survey conducted by PropertyGuru Group, it was revealed that Singaporeans are now being more positive about the property market due to the increased in affordability, ease of getting financing, good long-term prospects and government policies. The results, which came out in the leading property technology company’s bi-annual Consumer Sentiment Survey, was conducted on 643 people in Singapore …

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Is home ownership for everyone?

The Singapore government is planning to reach out to 1,000 HDB rental-flat families to help them buy their own flats. The scheme aims to mitigate income inequality and uplift lower-income families because “home ownership is key to providing stability and progress for families in the long run”. A Home Ownership Support Team will be set up to provide stronger, personalised …

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Property investment tricks revealed

Recently, I received many messages from my blog followers asking me to comment on some social media ads promoting free property seminars and investment schemes. When the market is dead quiet, it is not surprising to see frequent appearance of such ads. Although Singapore’s real estate market is licensed by CEA and regulated by URA, cleaning up of the industry …

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Award of tender for land parcels for general agriculture at Sungei Tengah

The Agri-Food & Veterinary Authority of Singapore (AVA) has announced that it awarded the tender for one land parcel for general agriculture (food) and two land parcels for general agriculture (non-food) at Sungei Tengah. According to the authority, the tender was launched on 14 June 2018 and closed on 23 August 2018, in what was said to be the first land …

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Singapore housing prices seriously unaffordable: Survey

by PropertyGuru House prices in Singapore are considered “seriously unaffordable”, with a median multiple of 4.6, which means that the median house price is 4.6 times the city-state’s median household income, according to an annual survey conducted by urban planning policy consultancy Demographia in Q3 2018. The 15th Annual Demographia International Housing Affordability Survey (2019) covered 309 cities in eight …

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Young lawyer at 28 already saddled with $1.1 million mortgage loan

South China Morning Post reported yesterday that as the era of ultra-low interest rates is over, Singaporeans with home mortgage payments are now feeling the pinch (‘What rising interest rates mean for Singapore property‘, 25 Dec). Indeed, last Wed (19 Dec), the US Federal Reserve raised the benchmark interest rate again, the 4th time this year, which sent Wall Street …

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Developers have lowered prices. So what?

When everyone is busy with Christmas shopping and year-end travels, developers are trying one last shot to clear as many units as possible from their new launch projects before Christmas. Over the weekend, City Developments targeted young families with workshops for kids at Whistler Grand and The Tapestry sales galleries. The advertisement of Whistler Grand said units are “irresistibly priced …

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Govt has exciting plans for Tanjong Pagar after port moves to Tuas

The recent maritime dispute between Singapore and Malaysia has put a spotlight on Singapore’s land reclamation at Tuas. Last Thu (6 Dec), Transport Minister Khaw Boon Wan dismissed Malaysia’s argument that Singapore cannot claim the disputed waters on the basis of its reclamation works in Tuas in recent years. Reclamation at Tuas has nothing to do with maritime boundary dispute, …

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