Best Maybank Home Loan guide and History of mortgage rates

SINGAPORE (EDGEPROP) – Where can you find the Best Maybank home loan? For people who prefer to pick a maybank mortgage, they will obviously want to know what is the best maybank home loan packages in the marketplace. Signing a home loan package is a big decision. It is no wonder every homeowner spends a lot of time doing research before deciding whether to take up a home loan package. After all, every...

Investment sales market extends robust performance by another quarter

SINGAPORE (EDGEPROP) – Dominated by the enbloc residential market, Singapore’s investment sales market extended its robust performance by another quarter. CBRE,  the largest commercial real estate services and investment firm in the world, said its preliminary investment volume for quarter 2 (Q2) of 2018 was S$10.308 billion, which is an increase of 11.4 per cent year-on-year (y-o-y0. This brings the...

Property price momentum remains buoyant suggest URA’s flash estimates

SINGAPORE (EDGEPROP) – The Urban Redevelopment Authority (URA) today released the flash estimate of the price index for private residential property for 2nd Quarter 2018 today which suggests that property price momentum here remains buoyant.Overall, the private residential property index increased 4.9 points from 144.1 points in 1st Quarter 2018 to 149.0 points in 2nd Quarter 2018. This represents an...

How much of your income should you spend on housing?

SINGAPORE (EDGEPROP) – With housing being one of the biggest expenditures many expect to invest in, it is crucial for both homeowners and tenants to determine how much of their income they should set aside for housing costs, such as mortgage payments or rent along with utilities, maintenance charges or homeowners insurance. But how does one ensure that the housing costs are affordable?Some measures of...

Upper East Coast Road freehold site to be acquired for $60 million

SINGAPORE (EDGEPROP) – Tee Land, a boutique developer, announced on 28 June that it had entered into an option-to-purchase agreement to acquire the freehold interest in a plot of land located at 338 to 364 Upper East Coast Road, Singapore with a land area of approximately 3,928.8 square metre. The purchase consideration for the land on which Teck Guan Ville condo now sits, is S$60,000,000 and...

Stirling Residences – a mega project in Queenstown up for preview today

SINGAPORE (EDGEPROP) – Stirling Residences, a mega project of Logan Property (Singapore) Company and Nanshan Group Singapore (joint-venture) at Queenstown, is today (30 June) opening its showflat for preview. The joint-venture’s win of the tender for the site in Queenstown set a record in May for exceeding the price quantum for Government Land Sales (GLS) programme.The joint-venture submitted the...

Property auction market down led by lack of big-ticket items for sale

SINGAPORE (EDGEPROP) – A report released by Edmund Tie & Co on 28 June said that there were more owners’ listings placed in the property auction market for Quarter 2 (Q2) but that there was a dip in mortgagee sales this quarter. While the number of units hammered down y-o-y has maintained at 10 units, the decrease in sales value from 2017 may also be due to the lack of high quantum properties being...

Singapore property market remains positive despite near-term weakness

[SINGAPORE (EDGEPROP) – The government on 27 June announced the second half 2018 Government Land Sales (2H18 GLS) Programme, which comprised six Confirmed List sites and nine Reserve List sites to yield more private residential units.The bank noted that the 2H18 GLS of 8,040 residential units, is flat half-on-half (h-o-h) – (-0.1% h-oh; -1% year-on-year) – with a view that there is a healthy supply...

Private residential units to increase substantially with new releases from GLS programme

SINGAPORE (EDGEPROP) – The Government yesterday (27 June) announced the second half 2018 (2H2018) Government Land Sales (GLS) Programme, which comprised six Confirmed List sites and nine Reserve List sites to yield more private residential units. "These sites can yield up to 8,040 private residential units, 124,200 sqm gross floor area (GFA) of commercial space and 930 hotel rooms."The six Confirmed List...

Strata Titles Board blocks en bloc sale of Goodluck Garden with a stop order

SINGAPORE (EDGEPROP) – Strata Titles Board today blocked the collective sale of Goodluck Garden with a stop order after seven minority owners objected to the sale on the grounds of lack of good faith. Two rounds of mediation efforts were made before the stop order was issued.The Strata Titles Board will not approve an en bloc sale application if it was satisfied that the sale was not conducted in good...

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