Government Land Sales in 2022 – is Land Cost Rising?

Where is the land cost heading? 8 plots of Government Land Sales had taken place in 2022.  More details below, Business Times 4 Nov 2022 Hillview RiseTender closed at S$1,024 psf ppr and can generate about 335 homesBukit Timah LinkTender closed at S$1343.13 Business Times 13 Sep 2022 Lentor CentralTender closed at S$1109 psf pprLentor Hills Road (Parcel B)Tender closed at s$1130.05 psf pprBukit Batok West Avenue 5 (EC Site)Tender…

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Singapore Housing Market Slightly Overvalued in 2022

Where does Singapore Property Prices stand in 2022? At 0.5 Index value, Singapore home prices are slightly overvalued, but virtually unchanged from last year Residential house prices in Singapore increased by almost 11% in nominal terms between mid-2021 and mid-2022, representing the strongest growth rate in more than a decade. However, rental price growth has accelerated even more, leaving mid-2022 rents 16% above their mid-2021 levels.Following construction delays, pent-up demand for…

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A minimum 20% of Units with 70 sqm is required in Non-Landed-Development in Central District

DEVELOPERS will need to provide for larger homes in non-landed projects in the Central Area from January 2023, when new guidelines from the Urban Redevelopment Authority (URA) for dwelling units kick in.From Jan 18, 2023, a minimum of 20 per cent of dwelling units (DUs) with a nett internal area of 70 square metres (sq m) will be required for all new flats, condominiums and residential components of commercial and mixed-use…

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Higher Interest Rate Floor, Lower LTV Limits, & 15-month Wait-Out Period: 29Sep2022

Joint MAS-MND-HDB Press release: Measures to promote sustainable conditions in the property market by ensuring prudent borrowing and moderating demand Published Date: 29 September 2022   1. Market interest rates have risen significantly. They are likely to increase further in future, which will affect borrowing costs for home purchases. To ensure prudent borrowing and avoid future difficulties in servicing home loans, the Government will tighten the maximum loan quantum limits…

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ABSD for Residential Properties Transferred into a Living Trust: 8May2022

  Published Date: 8 May 2022   The Government announced today that Additional Buyer’s Stamp Duty (ABSD) of 35% will apply on any transfer of residential property into a living trust[1] , where the transfer occurs on or after 9 May 2022.    2. Today, when a residential property is transferred into a living trust, Buyer’s Stamp Duty (BSD) is payable. ABSD may also be payable, depending on the profile of…

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Good Value Semi-D in D28

Table of Content 1. Why freehold/999-year leasehold landed properties. 2. Trend of 99-year leasehold landed properties in D28. 3. D28 Semi-D average transacted price compared to other Districts.  4. Co-relation between Singapore GDP and Singapore Property Price Index. 5. What’s next …. 6. Where are the good value deals in the market? Why Freehold / 999-year Leasehold Landed Properties “Selling land on the limited lease is necessary for a small…

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Singapore Private Home Prices increased by 10.6% in 2021

Private home prices in Singapore surged 5.0 percent quarter-on-quarter in the three months to December of 2021, accelerating sharply from a 1.1 percent rise in the previous period and in line with a preliminary estimate. This marked the seventh straight quarter of increases in private home prices and the strongest growth since 2009, which prompted the government to introduce cooling measures in December, including raising additional stamp duties for second-home…

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