6月
01

Price of living in Singapore vs that of US cities


Looking at this and feeling darn the price of property in Singapore is so damn high. In fact, the price of living here is really choking me up. 

If the predicted increase of COE is coming than i guess i am stuck with the public transport. Not that it is bad but honestly avoid the peak hours. It is just too dam packed during that timing. Beside that the system is good.

 

Being able to afford a piece of your favorite city can depend on your job. ​

 Credits: This Is the Salary You Need to Buy a House in 12 Major Cities
 

7月
03

HDB Sales Decline

Yet another decline in HDB sales in the Singapore market which can only mean good news for couples whom are looking to buy their flat fast. With more interest on Exective Condo by those that can afford it and all the cooling measure, this can only mean better news ahead for flat buyers. 

HDB's flash estimate of Q2 2014 Resale Price Index (RPI) is 196.0, a decline of 1.3 percent over Q1 2014 and this marks a price drop for fourth consecutive quarters. In a statement, PropNex said the falling resale prices can be due to various government measures to cool the public housing market, such as reducing the Mortgage Servicing Ratio (MSR) cap of 30 per cent and the maximum loan term of 25 years for HDB mortgage loans. The three-year wait before new PRs can buy resale flats, and allowing singles to buy two-room BTO flats in non-mature estates are also likely to be contributing factors, and these measures work in tandem to reduce the resale demand.

ᔥhttps://sg.finance.yahoo.com/news/resale-hdb-prices-decline-054931573–sector.html

5月
28

Fall in price for resale private home in Singapore

Following years of increase in the Singapore property market, the price of flat has once again fallen by another 1%. This is after several policy set by the Singapore government to curb rising cost of buying a flat in Singapore.

This is definately good news for the singles out there whom are looking to get married and own their personal home soon:

 

Resale prices of private homes fall further 1% in April PUBLISHED: MAY 28, 1:35 PM SINGAPORE — Resale prices of completed non-landed private homes continued to fall last month, according to Singapore Residential Price Index (SRPI) flash estimates released today (May 28), with the sharpest declines seen in non-central areas. The SRPI, compiled by the National University of Singapore’s (NUS) Institute of Real Estate Studies, showed overall prices decreased by 1 per cent in April compared with the previous month, slowing from the revised 1.4 per cent decline in March. Prices of homes in the non-central region, excluding small units, led the decline, falling by 2 per cent last month, compared to the 1.1 per cent drop in March, the SRPI data showed. However, prices of homes in the central region stayed flat after falling 1.8 per cent in March.

ᔥhttp://www.todayonline.com/business/resale-prices-private-homes-fall-further-1-april

12月
01

China Home Prices Soar in November

My friends in China has been telling me how crazy prices have been increasing especially in areas such as shang hai. Looks like it is true. A must read if you are thinking about investing in China property market. Is a bubble coming?

Chinese home prices rose faster in November than in the previous month, an independent survey showed on Sunday, adding that authorities are likely to introduce further changes to control the lively real estate market.

ᔥhttp://www.channelnewsasia.com/news/business/international/china-s-home-price-rises/905864.html

11月
08

Sentosa cove losing it’s appeal?

One of the jewel in South East Asia seems to be losing it's shine but still the prices for a home there is going to cost you a fair bit. Singapore is definately not a place for the poor but a playground for the rich

SINGAPORE: Touted as an enclave for the super-rich, Sentosa Cove “has lost some shine of late” after the 2008 global financial crisis and the raft of local property cooling measures in recent years, according to a report released by real estate company Colliers International.

ᔥhttp://www.channelnewsasia.com/news/business/singapore/sentosa-cove-has-lost/875246.html

10月
21

Property prices in Singapore expected to be the same.

Really feel like there is as storm brewing here in Singapore. Well i still feel that a property market that has been on the up for that long has to go down sooner or later. Only thing that stops this from happening is the insanely limited land space and fast growing population.

SINGAPORE: Property prices in Singapore are expected to hold up firmly in the third quarter this year, despite sales transactions likely to come in lower in the same quarter – by almost half from the second quarter. This is the expectations of analysts ahead of the release of third-quarter property sector flash estimates by the Urban Redevelopment Authority (URA).

ᔥhttp://www.channelnewsasia.com/news/business/singapore-s-property/828970.html

10月
18

Singapore showing the way to curb housing bubble?

No idea how true this article is as i still have many good friends in Singapore whom are struggling to survive. 

Singapore, the city-state that banned chewing gum to curb litter, is showing the rest of Asia how to cool a housing bubble. The government this year ramped up efforts to bring down property prices that surged to a record, adopting some of its strictest measures, including a cap on debt at 60 percent of a borrower’s income, higher stamp duties on home purchases and an increase in real-estate taxes. The combination and timing of the curbs is the most comprehensive among governments battling housing bubbles, according to Vishnu Varathan, an economist at Mizuho Bank Ltd. The curbs are proving more successful than in Hong Kong and China where policy makers have experimented with a variety of initiatives to temper soaring housing markets. Home prices in Singapore have gained 33 percent since 2009, while they have more than doubled in Hong Kong in the period.

ᔥhttp://sg.finance.yahoo.com/news/singapore-shows-asia-crack-down-091400732.html

 

On the other hand, saw a rather interesting article here: http://www.24hrsingaporeplumber.com/plumber-blog/exploding-toilet-bowl/

hope no one gets into such problems and injuries

8月
16

The skywoods @ Dairy Farm Road

Want to invest in a property? Consider The skywoods development at Dairy farm road, a prime district within Singapore. The reason why Singapore property prices have been increasing over the years is the fact that

 

1. The government is still expanding their population by increasing the intake of foreign talent

2. The obvious lack of land to build properties (which is why most housing in Singapore are high rise buildings). [Read more…]