Private homes sales expected to rise even further

Sales of residential private housing in the first half this year are set to beat the second half of 2010. But analysts said that will not prompt the government to introduce more property cooling measures in the short term. However, they noted that the last round of cooling measures may have had an unintended effect [...]

Median price and COV-3rd Quarter

So, Can your house fetch C.O.V $50k?

Since the cooling measures that kicked in after Aug 31st, HDB sales have seen a drop. But sales are still going on, albeit a lesser COV. Lesser Permanent Residents are in the market looking for homes, possibly looking at alternatives of “moving” their private properties back in their homeland.   So begs the question, which [...]

Prices rise for HDB?

* Higher price indicataed by increase by 4%,but before measures kick in,and submissions before Aug31st *Monthly resale transaction in Sepetember declined by 25%, compared to August *Prices of house will keep increasing slowly,albeit a lower COV *Property prices are expected to stabilise in 2011 *More flats are expected to be built,upto 22,000

More affordable public housing for Singaporeans

In the 2010 National Day Rally speech earlier, the Singaporean Government has promised to build 22,000 new HDB flats in 2011, up from 16,000 in 2010, to cope with the rising demand for public housing. And to complement this effort, the HDB also aims to complete newly launched projects within a shorter timeframe. “This promise [...]

Beating high COVs

Targeting older flats and those in less popular areas can mean paying well below the high cash-over-valuation prices When homebuyer Ng Hui Hui and her husband, Mr Edwin Soon, read newspaper reports of how median cash-over-valuation (COV) prices hit a high of $30,000 recently, they heaved a sigh of relief. This may seem a surprise, [...]

COV-Want to pay or not?

Seems like the buzzword these days for buying a resale HDB flat is COV, or Cash-over-value. This is the cash that one pays over the valuation of the house,which cannot be financed by a bank loan. I have been servicing buyers for the HDB market, and the newspaper Strait Times Life section reported. It is [...]

They paid $130,000 COV for Yishun flat 14 years ago

With the current property market and HDB prices at its peak, potential second-hand flat buyers should not dive in recklessly when purchasing a flat, but will have to be mindful of the potential pitfalls, warns real estate agents. Citing an example of a family who paid S$645,000 for their executive maisonette in Yishun 14 years [...]