Category Archives for Property
The Million Dollar HDB Unit is Finally Here
Looks like we have finally crossed the one million dollar threshold for a HDB unit. More of such million dollar HDB units to come? A resale HDB executive apartment at Block 149 Mei Ling Street at Queenstown was sold for over a million dollars with a Cash-Over-Valuation (COV) of S$195,000. The price works out to […]
Singapore Government to Impose Caps on Shoebox Units
Yesterday, URA announced that the total number of dwelling units that can be built on a development site for non-landed private residential developments outside the Central Area will be capped. The new ruling essentially prevents developers from allocating a huge number of shoebox units to a particular project. If they do that, they will hit […]
HDB Revises Subletting Rules for PRs
The revised subletting rules for Singapore permanent residents (SPR) took effect from yesterday. Previously, both Singapore citizens and SPR flat owners are allowed to sublet their flat after meeting the Minimum Occupation Period (MOP). The approval is granted for a maximum of three years per application. Owners can apply to renew the period of subletting […]
Investing in Shoe-box Industrial Properties
The current hot topic of discussion about property investment is about the misuse of industrial properties and investing into shoe-box industrial properties. It first started when the Straits Times wrote an article about how more and more companies were shifting their operations to industrial properties because of the lower rental. This drew the attention of Minister […]
Mortgage Loan Fact Sheet
Financial institutions who provide housing loans will now be required to provide a loan fact sheet to the person taking the loan. The objective of the fact sheet is to help potential borrowers see the basic information of the loan in an easy to read format. Borrowers will also be given projections of the loan […]