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$730k view
An unrenovated 32-year-old five-room flat in Marine Parade, on a high level with a full sea view, has been sold for $730,000 - a new record for an HDB flat. This trumps the previous record of $720,000, set in June by a fairly new five-roomer in Kim Tian Place.
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Investing in property may be less profitable than buying shares
ipac Securities executive chairman, Arun Abey, and National communications manager, Andrew Ford shares their insight on the different types of investments. |
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Penang's luxury homes market plays catch-up
Home values set to rise as big-name players race to build high-quality developments on Malaysian island.
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7,750 homes could still be sold using deferred payments
Units are in projects that had approval; developers may opt not to do so though. |
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10,200 applicants chasing after 354 flats
Why didn't HDB close applications when the number of applications had exceeded the small number of units offered?
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URA releases Novena site for private hospital
1.7ha plot of land is part of govt plan to meet patients' future needs. |
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It's an INTRUSION
It's an INVESTMENT
Residents unite against en-bloc sale after 3 of 6 units sold to developer and friends last month; new owner then rents out unit to foreign workers while waiting for en-bloc sale.
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Five properties put up for en bloc sale
The latest offerings include Dunearn Gardens, The Village, and Riviera Point. |
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Horizon Towers owners renew objections to sale at hearing
Home owners opposed to the $500 million collective sale of Horizon Towers have renewed their complaints that the sale was not handled properly.
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Old HDB flats vacated for en-bloc rebuilding to be leased out
The pilot project is started to augment the supply of rental flats. |
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Life after deferred payments starts with just 2 bids for site behind Icon
Developers could be turning cautious, say analysts.
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Buying completed homes gives investors instant rental income
Such cash inflow can help to cover mortgage payments and lowers one's portfolio risks. |
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Dream of other shores for a villa by the sea
For those who find beachfront living in S'pore costly, there are options in Bali, Phuket.
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'Half-landing' lifts: Blocks in Clementi offered solution
Plan involves linking lift landings to flats via specially created entrances to balconies. |
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Withdrawal of deferred payment scheme will not affect genuine homebuyers: Mah
They can continue to get home loans from banks.
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Annual values of properties, HDB flats to go up from Jan 1
This is to reflect the significant increase in their market rates. |
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Suburban malls go for smarter look to seek fatter rents
Renovation work at 14 malls to keep downtown threat at bay.
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Successful application for Alexandra Rd condo site
Developer agrees to bid not less than $220.7m for the 99-yr leasehold plot. |
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Surprisingly low bids for Marina View site
Barely two months after a site at Marina View fetched a record $2.02 billion, a similar plot next door has managed only half that price.
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9 ageing HDB blocks in Hougang to be cleared
It is clearing nine blocks comprising rental flats, a food centre and a market in Hougang Avenue 3 and 7 - most of which are located in the opposition ward of Hougang. |
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New Sin Ming funeral parlour: Incense must be burnt indoors
While the activities at an existing funeral parlour in Sin Ming are open to public view, the new parlour must confine all activities, including incense burning, indoors.
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3 Bukit Timah properties up for joint collective sale
Credo Real Estate has indicated a price range of $128-138 million for the combined plots, which have a total land area of 64,878 sq ft. |
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No plans for more measures to cool property market: Mah Bow Tan
In the longer term, the withdrawal will encourage the property market to grow in a healthier and more sustained manner, he added.
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En bloc fever catches on in HUDC estates
Collective sale fever that has swept through condos has spread to 3 HUDC estates. |
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Eunosville: Not enough ayes to go private
Laguna Park in Marine Parade was the most recent HUDC estate to be privatised, in July this year.
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Property boom expected to continue
Robust economy, jobs growth, strong housing demand and en bloc sales proceeds are key drivers. |
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Walk along coast, golf in Punggol
A 4.9km waterfront promenade will feature a host of attractions by 2010.
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Suburban condo prices poised to fly
Prices could surge by as much as 50% next year to an average of $1,000 psf. |
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Separate deals, but court rules it's en bloc deal
UOL unit says 53 separate contracts signed; at stake is $286,200 in stamp duty.
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HDB flats: Go for good-value districts
Some areas are overpriced. The trick is knowing where to look. |
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1st-time EC buyers can now buy 2nd subsidised flat
2nd purchase applies to new ECs, flats from HDB or those under the Design, Build and Sell Scheme.
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$6m boost for HDB shops to draw crowds
About 1,500 retailers at 14 suburban centres will get help to upgrade common areas and hold promotional events. |
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China firms acquire Bukit Batok properties for $300m
With interests in health care, education, technology and other businesses, these companies plan to use Singapore as a launch pad for their regional expansion plans.
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"Penthouses cost $20m, $30m...where am I to go?"
Apportionment method is unfair, argue some penthouse owners. |
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First-time buyers get better shot at executive condos
Developers of EC must reserve at least 90 per cent of units to first-time buyers in the first month of sale.
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Guide to getting a home loan
Let's take a walk through the top seven questions that you should consider when shopping for
a mortgage. |
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To buy or to rent
For some, renting may be simpler and financially wiser.
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Quick guide to selling en bloc
Understanding the ins and outs of the collective sale process. |
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Top-end bungalow market looking strong
Good-class bungalows are expected to stay popular in 2008.
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Private pool or garage with your apartment?
$120,000 Hasten Vividus beds, infinity pools, steam spa rooms and car porches give luxury apartments the sheen and shine that let them command huge premiums. |
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Welcome to my glass house
When they wanted extra living space, architect JC Cheong of IMT Architects came up with a glass house.
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Legal issues every homebuyer should know
Don't just leave it to your lawyers and agents. Let's go through six legal aspects of buying property. |
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Going abroad to shop
If you've been priced out of the Singapore property market, don't despair. You can find good value for money abroad, even in upscale markets like Japan.
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Malaysia: Yields still good, especially in KL suburbs
Prices across the Causeway are also hotting up, especially in areas such as Kuala Lumpur and Penang. |
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Thailand: Some gems with good rental yields
If you delve deeper into the heart of Thailand, gems in the form of quality homes giving good rental yields can still be found in Bangkok.
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Vietnam: Relaxed buying rules; not enough houses
Rules have recently been relaxed for foreign ownership. Those with working visas can buy homes on renewable leases, while overseas-based foreigners can buy homes of shorter leases. |
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Want a London home? Now's the time
Don't let moderate price growth dampens you as London still remains the best property investment market among the top European cities.
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Making sense of overseas mortgages
Here are some pointers designed to help you negotiate the maze of facilities on offer in purchasing overseas residential property. |
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Upper Bukit Timah: Home values could double to $1,200 psf
Upper Bukit Timah is firmly on the hot list for next year.
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West Coast area: Demand still strong, new launches expected
Home buyers in the West Coast pocket, which boasts easy accessibility to the CBD, are likely to be the least price sensitive. |
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Upper East Coast: Set to see spillover demand from nearby areas
Siglap and Bedok are set to see a large spillover of demand from nearby Marine Parade and Katong, predicted Savills Singapore.
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Upper Thomson: Price gaps between projects to narrow
From the start of Upper Thomson Road at Braddell Road up to the traffic junction of Sin Ming Avenue and Venus Drive, home prices could reach $1,000 to $1,400 per sq ft (psf). |
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Moderate pace at the top end
Sector still looking good with luxury launches on the horizon, say consultants.
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ECs gain appeal as HDB, private home price gap widens
Reason: Widening gap between prices of resale HDB flats and those of private condos. |
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Orchard Road: Likely to remain the top residential property hot spot
THE Orchard Road district is still the top residential property spot in Singapore.
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Marina Bay: Showing signs of cooling down
Market players say it could indicate that interest in the Marina area - which intensified after casino plans were announced - has waned. |
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Sentosa Cove: For sea views away from the city
For those keen to get a property at Sentosa Cove will have to be prepared to pay a lot more. Else, there are still a few condominiums left on the island to look out for.
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Benefits of living on the fringe
Prime districts pulling up prices in neighbouring mid-tier areas. |
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Bukit Timah: All-time favourite still commanding high prices
Home prices along the stretch of Bukit Timah Road from Newton to King Albert Park have steadily increased over the last year.
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Balestier and Thomson: Undervalued but this may change soon
A lack of new launches in District 12 in recent years has held back price?growth. But this might change soon. |
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Marine Parade/East Coast: Prices past $2,000 psf and still rising
Marine Parade, Katong and Telok Kurau are still a hot favourite, even though home sellers here charge a premium for the sea views, good schools and easy access to the city.
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Landed takes off
Detached houses, of all landed property types, have seen the most improvement in prices, boosted by the demand for high-end homes. |
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Property Buying Guide
Read about the various property sectors and get the best out of them in The Sunday Times Property Buying Guide special.
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Capitol gains
The Capitol Theatre's newly acquired conservation status means that the once striking theatre has a chance at regaining its original sparkle. |
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Fifteen Balestier terrace houses sold for $61m
Buyer pays $739 ppr, a record for freehold residential land in vicinity.
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Orchard Road prime rents 4th highest in Asia
Orchard Road prime rents hit US$325 psf per year, making it the world's 14th most expensive area for shopkeepers. |
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Ginza Plaza to get $26m facelift
It will be redesigned by DP Architects and renamed West Coast Plaza.
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Amber Residences condo a hit
70 units snapped up within hours during private preview at $1,650 psf average. |
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Office boy spots RM9.7m land grab
An alert Malaysian office boy has stumbled on the fraudulent transfer of a piece of land worth RM9.7 million in the 'Golden Triangle'.
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Want to go private? Pay up $190,000 first
Neptune Court's en bloc dilemma - each household will have to fork out about $191,000 to privatise their 99-year-leasehold estate before they can even think about selling it en bloc. |
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S'pore home price gains set to slow
Buyers holding back purchases on US sub-prime fears, says Frasers CEO.
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Soilbuild buys site for condo project
A landed site off Meyer Road will amalgamate with Margate Mansion for a small luxury condominium project. |
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New plum plots for high-end HDB flats
If the property pundits are right, Bishan and Toa Payoh will be the next areas to be buzzing with hot property market action.
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Despite credit crisis, Asia's hot property market booms
But China may face growing risks. |
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HDB launches new mobile bidding service for applicants
M-bid allows applicants to register for a unit, search for what is available, bid and track the results on their mobile phones.
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M'sia's YTL Corp buys Westwood condo at record en bloc price
It will pay S$435m for the 50-high-end apartments, smashing previous high set by the sale of The Ardmore |
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Condo-like housing plot nets $134m bid
The 1.7ha plot on Ang Mo Kio Street 52 can house about 550 flats in blocks that can reach 36 storeys.
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Record property deals
HDB flat sold for record $750,888; developer paid record price for a collective sale site - fresh signs the property market is still pretty hot. |
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Paying a premium for ocean views
Ageing five-room HDB flat in Marine Parade has been snapped up for a record price of $750,888 - and all because of its sweeping ocean views.
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Hotel villa purchase with fixed returns, free stays
More resort operators like Banyan Tree are putting up such properties for sale and leaseback to raise cash. |
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Malaysian tycoon enters S'pore luxury homes market
YTL Group plans to build top-end marina, residential projects in region.
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Can't get a flat? Couples are just too choosy
Don't mind settling for a lower-floor unit, further location from work, or from their parents' homes; this should be the mindset of couples looking for a new flat. |
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Launch more HDB flats, not executive condos
There is a far greater demand for new HDB flats, judging from demand-versus-supply figures in previous HDB monthly exercises.
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Property may be big gainer as real interest rates plunge
Mounting inflation makes it tempting to borrow, but things may change in the long run. |
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More than 7,000 new flats expected over next 7 months
Flats on the drawing board range from the humble two-room flat to privately-designed estates and executive condominiums.
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Keen interest at first SLA auction for small plots
The buyers were mostly hoping to buy a plot on which to build their own dream home. -ST |
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Winning designs on shaping Marina South waterfront garden homes
The URA has set aside 60ha of land between Gardens at Marina South and the Straits of Singapore for some 11,000 homes. -ST
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