Despite geopolitical and economic uncertainties, as well as 30% Additional Buyer’s Stamp Duty (ABSD) for foreigners, we are seeing another bulk purchase of condo units by a Chinese national. According to Lianhe Zaobao, four units at 3 Orchard By-The-Park were bought in one go, totalling around S$60 million. This translates to around S$3,600 to 3,700…
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A freehold, landed house in Ang Mo Kio, which used to belong to a former group CEO, has become part of a lawsuit brought about by his wife. The asset (or the net proceeds from its sale) is now under a trustee group after the CEO was ousted from his listed firm and declared bankrupt…
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Market analysts predict that bank home loans can reach a high interest rate of 3.5 percent - a hike not seen in decades.
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A slower buying sentiment may be setting in among HDB resale flat buyers. According to 99.co and SRX flash report on the HDB resale market in August 2022, 2,323 transactions were recorded last month, representing a 1.7% drop from July. While this could be due to the Hungry Ghost Festival (during which people tend to…
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Last month, HDB announced it’s increasing the quota for first-timer families and singles applying for a BTO flat in non-mature estates. The increase is due to the strong demand for housing among first-timers. The change took effect from the August 2022 BTO exercise onwards. Flat allocation for first-timer families New allocation Previous allocation 3-room flats…
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A 1,184 sqft 5-room (Improved) HDB flat at Block 654C Jurong West Street 61 has closed at a record S$618k (or S$522 psf) for the neighbourhood. The previous highest price for a 5-room on the same block was sold at S$570k, or S$481 psf, in January 2022. According to Glenn Jin Wong, the PropNex agent…
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