September 2022

Here’s how much the new stress-test interest rates will affect home affordability

Following the increase in interest rates, the authorities have introduced a few cooling measures effective today (30 September 2022) to restrict borrowing by home buyers. The main measure is the increase in the medium-term interest rate floor (also known as the stress-test interest rate) to compute the Total Debt Servicing Ratio (TDSR) and Mortgage Servicing…

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Unique District 10 Jalan Jelita bungalow for sale for S$20.5m by Private Offer

A District 10 bungalow at Jalan Jelita has just been offered for sale for S$20.5m. At S$3,402 psf, the property is accepting private offers and sits in an extremely exclusive neighbourhood, shared Kevin Lim, Chief Agency Officer of ERA Singapore. With a land area of 6,025 sqft, this 999-year bungalow is near Holland Village MRT…

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Record number of million-dollar HDB resale flats sold in September 2022

Following recent news about HDB resale flats hitting the million-dollar mark in the suburbs, the number of million-dollar flats sold has hit a record high in September 2022. According to Pow Ying Khuan, Head of Research at 99 Group, as of 30 September morning, 43 HDB resale flats have breached the million-dollar mark this month.…

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New property cooling measures (September 2022): Borrowing restrictions and lower LTV limit to affect home loan applicants and private-to-HDB resale flat buyers

As US interest rates continue to rise, the Monetary Authority of Singapore (MAS), Ministry of National Development (MND) and Housing and Development Board (HDB) have taken a pre-emptive step to introduce new cooling measures (albeit ‘temporary’ and subject to continuous review and updates). The move is aimed at promoting more prudent borrowing and avoiding future…

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Here’s what you should know about HDB’s upcoming Open Booking of Flats in Oct 2022

Didn’t manage to get a good queue number from the past HDB BTO or Sale of Balance Flats (SBF) exercises? Here’s another chance to buy subsidised housing directly from the HDB, via the Open Booking of Flats exercise. What is Open Booking of Flats? Open Booking of Flats is one of HDB’s modes of sale,…

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Homegrown co-living start-up The Assembly Place (TAP) hits 1000-room milestone, eyes overseas expansion

Starting from 6 rooms in 2019, The Assembly Place (TAP) has crossed 1000 rooms to date across more than 90 locations in Singapore. This reaffirms TAP’s commitment to expanding its presence in Singapore. This follows TAP’s opening of its first co-living hotel with 23 rooms, The Assembly Place, a Co-Living @ Mayo (former Mayo Inn)…

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3 recent rule changes to floor area, land betterment and remnant land that will likely affect future property prices and en blocs

Over the past few weeks, several developments have taken place that many analysts predict will impact future property prices. If you’re a homeowner planning to buy or upgrade to a new property beyond the middle of next year, you might want to take note of these changes. 1. New definitions to floor area may see…

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