02nd Sep - Owners of Foreign Homes Not Exempt PRs make up about one in five resale HDB flat buyers must sell overseas home within six months of buying a HDB flat. The rules also applies to Singaporean who own homes offshore.
02nd Sep - Home Buyers Must Prove Sale to Get Higher Loan Home owners wanting to move and hoping for an 80% loan on a new property will now have to produce evidence that they have sold their existing home. For HDB flats, MAS requires an approval letter from HDB to the seller within 2 weeks from the date of first appointment.
01st Sep - Developers May Delay Condo Launches Property developers are widely expected to delay their new launches now that buying sentiment is likely to be hard hit by slew of government cooling measures on property market.
01st Sep - Fees to Enchance Residential Sites Go Up Govt raises development charges (DC) by 13% on average amid buoyant market. The charges is adjusted every six months and closely reflects changes to land and property values. The MND sets the rates every march and September in consultation with the Chief Valuer.
30th Aug - Govt Acts to Curb Speculators Prices tipped to soften as new restrictions expected to cool property market; a) If you want to buy a second property while still servicing an existing mortgage, you can take a max bank loan of 70% of valuation. b) You must have lived in your HDB flat for at least 5 years before you can buy a private property. c) You must sell your private home within 6 months of buying the HDB flat. d) Owners who sell any private property within 3 years of buying it must pay stamp duty of up to 3% of the sale price. e) First time buyers and property owners with no outstanding mortgage will not be subject to new financing mortgage.
28th Aug - S'pore Home Prices See Fastest Rise Private home prices in Singapore rose at the fastest pace in the world in the year to June 30. In fact the home prices rose 34% in that period registering the highest year-on-year rise since 1995.
24th Aug - China Buyers Are Tops in Sentosa Cove China buyers form biggest group of foreign purchasers in Sentosa Cove this year and many have snap up landed homes. China buyers have made headlines with some notable purchase recently this is largely due to their increasing wealth and mobility on the global scene.
04th Aug - Sales of New Private Homes Surge in July Local buyers continued to drive the market in July shown by the high take-up in suburban projects or those outside the central region. There were 1,544 new private homes sold in July against 847 in June.
24th Jul - Resale HDB Flat Prices Hit New High Cash over valuation now SGD $30,000 even as supply of new flats increases. Resales prices for HDB flats have smashed records for the eight straight quarter with a surge of 4.1% in the April to June period.
24th Jul - Private Home Sales Slower but Prices Prices hit new high could rise further with economic recovery. Prices are now moving in line with rent rises and given the current backdrop where are our economic recovery is generating wealth, they are likely to continue to rise this year.
22th JUL - HDB Buyers in a Fix Over Cash Proceeds Rule Due to changes to the HDB loan policy in March, buyers sold their flats must use 50% of their cash proceeds to finance their next flat if they need a second subsidised loan from HDB.