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Subscribe to this list via RSS Blog posts tagged in Government Land Sales Programmes GLS

A ride through Singapore's property market

Posted by Property Launch Invest on Wednesday, 09 September 2015 in Property News

EVIA Real Estate is probably best known as a homegrown developer of executive condo (EC) projects, but co-founders Vincent Ong and Leslie Lim describe themselves as "accidental developers".

They had, at first, trained their firepower on bidding for industrial sites in government tenders, including Biopolis Phase 3 and Fusionopolis phases 3 and 5. Some of these were concept and price tenders, in which Evia made it through the concept stage of the competition - only to lose out on pricing, often to the big guns.

Mr Lim said: "So we lost and we decided to stay away from industrial land in Singapore."

Push to speed up development as new sites released

Posted by Property Launch Invest on Friday, 13 June 2014 in Property News

Cautious approach to private housing adopted in land sales programme

[SINGAPORE] New sites rolled out yesterday stirred excitement in the market, even as the government adopted a cautious approach to private housing in the latest land sales programme for H2 2014 to account for the twin factors of oversupply and weaker demand.

The new sites were rolled out under both confirmed and reserve lists in the residential and commercial property sectors.

Prices of posh homes starting to drop as developers get rid of unsold units

Posted by Property Launch Invest on Thursday, 17 April 2014 in Property News

See which developer will be badly hit.

In Barclays' report Developer fundamentals weakening of 27 September 2013, it wrote that it had expected home prices to correct up to 20% by 2015 with the luxury sector likely to be the worst hit due to the Qualifying Certificate (QC) rules. The QC rules give developers up to five years to finish building a project and two more years to sell all the units.

Here's more:

Foreign investors put 30% more into local property

Posted by Property Launch Invest on Tuesday, 14 January 2014 in Property News

Foreign investors piled into local property last year, far outpacing the level racked up in 2012, said a DTZ report yesterday.

Investments from overseas hit $4.1 billion in 2013, a rise of more than 30 per cent on the previous year.

Investors from Asia comprised nearly 90 per cent, or $3.7 billion, of the spending, with Chinese buyers alone accounting for $2.9 billion of that.

This is almost triple the $1 billion they contributed in 2012.

Govt land sales tapering 'helps buyers and sellers'

Posted by Property Launch Invest on Tuesday, 24 December 2013 in Property News

Analysts say it will help balance price and supply in property market

Buyers and sellers could both emerge as winners from the Government's move to scale back land releases for public and private housing, say analysts yesterday.

They believe the easy-does-it shift on residential land signals that prices will ease moderately rather than plunge, which will come as a relief to many in the market.

Two residential sites launched for collective sale

Posted by Property Launch Invest on Thursday, 12 December 2013 in Property News

Having had its maiden collective sales attempt stymied by the introduction of the total debt servicing ratio (TDSR) framework, Eunosville is back on the market for a second run. Accompanying it is Jervois Gardens, which was also launched for collective sale by tender yesterday.

The 330-unit Eunosville, located opposite Eunos MRT Station, is being put on the market for a minimum price of $688 million, similar to its initial collective sale attempt in June.

EC buyer's buying power hit

Posted by Property Launch Invest on Wednesday, 11 December 2013 in Property News

The government's revision of the executive condominium (EC) scheme will see developers being more mindful of a buyer's income ceiling and the project's affordability.

"Affordability of ECs will be hit by the new mortgage servicing ratio (MSR) which is capped at 30 percent of the buyer's gross monthly income (previously, this only applied to HDB BTO and resale flats)," said Mohamed Ismail, CEO of PropNex Realty.

Land supply should be at a pace that would contribute to the overall health of the market

Posted by Property Launch Invest on Wednesday, 11 December 2013 in Property News

CHALLENGES in the real estate market continue to worry association members, said Chia Boon Kuah, president of the Real Estate Developers Association of Singapore (Redas), at its 54th annual dinner last night.

"Against a backdrop of market volatility and a maturing real estate cycle, we have had to manage the unfolding effects of the government's seventh round of cooling measures, and the introduction of the total debt servicing ratio.

En bloc market in S'pore slows in 2013

Posted by Property Launch Invest on Wednesday, 11 December 2013 in Property News

SINGAPORE: The en bloc market has slowed significantly this year as developers turned cautious following the government's cooling measures and loan curbs.

The value of en bloc transactions fell to S$1.3 billion so far this year, down from S$1.4 billion in 2012 and S$3.2 billion in 2011, according to property consultant Jones Lang LaSalle.

Refining the Executive Condominium Housing Scheme

Posted by Property Launch Invest on Tuesday, 10 December 2013 in Property News

The Government will implement three measures for Executive Condominium (EC) developments to bring the terms for ECs closer to that for public housing, and help support a stable and sustainable EC market. This follows a review by MND on the EC Housing Scheme, taking into account feedback from the Our Singapore Conversation on Housing.

Property cooling moves show results

Posted by Property Launch Invest on Wednesday, 04 December 2013 in Property News

The government's measures to cool the residential property market have had significant impact: Transaction volumes have plunged, new home loan sales have contracted and loan-to-value (LTV) ratios have improved.

"The series of property-related measures taken by the government over the past few years has dampened momentum in the market," said the Monetary Authority of Singapore Financial Stability Review 2013 yesterday.

But the government remains vigilant as price levels remain high, it said.

PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

Analysts say it will help balance price and supply in property market