Sales of new private homes down 31.4% in November

Sales of new private homes down 31.4% in November
Posted 15 Dec 2016 12:50 Updated 15 Dec 2016 22:46

SINGAPORE: Private property developers saw lacklustre sales in November, with the number of new units sold falling 31.4 per cent from the previous month, figures released by the Urban Redevelopment Authority (URA) on Thursday (Dec 15) showed.

Excluding executive condominiums (ECs), 860 new private homes were sold last month, down from the 1,253 units sold in October. Including ECs, 1,110 units were sold, down from October’s 1,542 units.

Property developers launched a total of 1,363 units in November, fewer than the 1,467 units put up for sale the previous month. The bulk of the units were from the Queen’s Peak development in Queenstown, which launched 736 units and sold 271, and the Parc Riviera project in West Coast, which launched 200 units and sold 128.

- CNA/cy


- wong chee tat :)

November 2016 BTO Prices

November 2016 BTO Prices
Town	Contract	Flat Type	Selling Price (Excluding Grants **)	Selling Price (Including Grants ^)
Non-Mature Town
Punggol	Matilda Sundeck Northshore Trio Waterway Sunrise I	2-room Flexi *	From $80,000	From $4,000+
		3-room	From $164,000	From $94,000
		4-room	From $258,000	From $203,000
		5-room	From $329,000	From $319,000
		3Gen	From $348,000	From $338,000
Mature Towns/ Estates
Bedok	Bedok Beacon Bedok North Vale Bedok South Horizon	2-room Flexi *	From $135,000	From $95,000
		3-room	From $276,000	From $246,000
		4-room	From $407,000	From $392,000
		5-room	From $503,000	From $493,000
Toa Payoh	Woodleigh Glen Woodleigh Village	2-room Flexi *	From $181,000	From $141,000
		3-room	From $335,000	From $305,000
		4-room	From $468,000	From $453,000
Kallang/ Whampoa	Kallang Residences	3-room	From $350,000	From $320,000
		4-room	From $497,000	From $482,000

Notes:
*	2-room Flexi flats come in two sizes of 36 sqm (Type 1) and 45 sqm (Type 2).
^	The assumed housing grants are meant for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi BTO flat. SHG is applicable only to 2-room Flexi, 3-room, and 4-room flats in the non-mature towns. With the SHG enhancement announced at NDR 2015, eligible first-time flat buyers with income up to $8,500 would now enjoy SHG of up to $40,000: 2-room Flexi flat: $80,000 (comprising AHG of $40,000 and SHG of $40,000 where applicable) 3-room flat: $70,000 (comprising AHG of $30,000 and SHG of $40,000 where applicable) 4-room flat: $55,000 (comprising AHG of $15,000 and SHG of $40,000 where applicable) 5-room flat / 3Gen flat: $10,000 (AHG only) The actual grant amounts vary based on income and choice of flat type. Read more on various CPF Housing Grants available.
+	Buyers are required to pay 5% of the published price using their own CPF and/ or cash savings when the total housing grants (i.e. AHG and SHG) they can enjoy exceeds 95% of the published price of flat. Excess housing grant, if any, can be used to pay for Optional Component Scheme items and premiums that singles and Singapore citizen/ Singapore permanent resident households have to pay, before crediting the balance into the Singaporean buyers' CPF accounts.
**	Singles who apply for the 2-room Flexi flats under the Single Singapore Citizen Scheme will pay $15,000 more than married couples. Eligible singles can also apply for AHG and SHG. The additional amount payable and the grants will vary based on the choice of lease tenure. The actual grant amounts will vary according to income. Read more on various CPF Housing Grants available.
Selling prices (excluding and including grants) quoted above are rounded up to the nearest thousand dollars.

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- wong chee tat :)

August 2016 BTO Prices

A Home for Every Budget and Need

August 2016 BTO Prices
Town	Contract	Flat Type	Selling Price (Excluding Grants **)	Selling Price (Including Grants ^)
Non-Mature Towns
Hougang	Buangkok Woods	2-room Flexi *	From $79,000	From $4,000+
		3-room	From $165,000	From $95,000
		4-room	From $255,000	From $200,000
Sembawang	EastDelta @ Canberra	4-room	From $240,000	From $185,000
		5-room	From $311,000	From $301,000
Yishun	Valley Spring @ Yishun	2-room Flexi *	From $79,000	From $4,000+
		3-room	From $156,000	From $86,000
		4-room	From $251,000	From $196,000
Mature Town
Tampines	Tampines GreenVerge Tampines GreenView	3-room	From $202,000	From $172,000
		4-room	From $289,000	From $274,000
		5-room	From $398,000	From $388,000
		3Gen	From $428,000	From $418,000

Notes:
*	2-room Flexi flats come in two sizes of 36 sqm (Type 1) and 45 sqm (Type 2).
^	The assumed housing grants are meant for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi BTO flat. SHG is applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. With the SHG enhancement announced at NDR 2015, eligible first-time flat buyers with income up to $8,500 would now enjoy SHG of up to $40,000: 2-room Flexi flat: $80,000 (comprising AHG of $40,000 and SHG of $40,000 where applicable) 3-room flat: $70,000 (comprising AHG of $30,000 and SHG of $40,000 where applicable) 4-room flat: $55,000 (comprising AHG of $15,000 and SHG of $40,000 where applicable) 5-room flat / 3Gen flat: $10,000 (AHG only) The actual grant amounts vary based on income and choice of flat type. Read more on various CPF Housing Grants available.
+	Buyers are required to pay 5% of the published price using their own CPF and/or cash savings when the total housing grants (i.e. AHG and SHG) they can enjoy exceeds 95% of the published price of flat. Excess housing grant, if any, can be used to pay for Optional Component Scheme (OCS) items and premiums that singles and Singapore citizen/Singapore permanent resident households have to pay, before crediting into the Singaporean buyers' CPF accounts.
**	Singles who apply for the 2-room Flexi flats under the Single Singapore Citizen Scheme will pay $15,000 more than married couples. Eligible singles can also apply for AHG and SHG. The additional amount payable and the grants will vary based on the choice of lease tenure. The actual grant amounts will vary according to income. Read more on various CPF Housing Grants available.
Selling prices (excluding and including grants) quoted above are rounded up to the nearest $'000.

- wong chee tat :)

Resale prices for HDB flats up 0.1% in Q2

Resale prices for HDB flats up 0.1% in Q2
Posted 01 Jul 2016 08:53

SINGAPORE: Resale prices of flats is up 0.1 per cent in the second quarter of the year compared to the previous quarter, according to flash estimates from the Housing and Development Board (HDB) released on Friday (Jul 1).

The decline comes after the Resale Price Index (RPI) for the first quarter dipped 0.1 per cent from the previous quarter.

The RPI for the second quarter of 2016 came in at 134.8, down marginally from the previous quarter’s 134.7, the HDB said. The index provides information on the general price movements in the resale public housing market.

The HDB plans to launch about 5,000 Build-To-Order (BTO) flats in August in Hougang, Sembawang, Tampines and Yishun.

- CNA/kk


- wong chee tat ):

UOB suspends London property loans after Brexit

UOB suspends London property loans after Brexit
Posted 30 Jun 2016 10:14 Updated 30 Jun 2016 15:19

SINGAPORE: United Overseas Bank (UOB), Singapore's third-largest lender, has suspended its loans programme for London properties in the wake of uncertainties caused by Britain's vote to leave the European Union.

UOB would be among the first banks in Singapore to turn cautious on such lending, even though it is not a large amount, as Brexit spooked global markets and pushed the pound to multi-year lows.

"We will temporarily stop receiving foreign property loan applications for London properties," a UOB spokeswoman said in an email.

"As the aftermath of the UK referendum is still unfolding and given the uncertainties, we need to ensure our customers are cautious with their London property investments."

Singapore's biggest lender, DBS Group Holdings, said it continued to provide financing for property purchases in London but was advising its customers to be cautious.

"For customers interested in buying properties in London, we would advise them to assess the situation carefully before committing to their purchases as there could be potential foreign exchange and sovereign risks," Ms Tok Geok Peng, executive director of secured lending, consumer banking group (Singapore) at DBS Bank, said in an email.

The Singapore dollar has gained about 10 per cent against the British pound since the referendum.

"There have been London properties available for the last few months before the Brexit. The question is whether these properties can still continue to receive buyers in the short-term," said Ms Alice Tan, head of consultancy and research at Knight Frank Singapore.

Property consultants say data on the number of properties purchased by Singaporeans in the United Kingdom is not tracked that closely. Banks do not disclose lending data for UK property purchases.

UOB said it was monitoring the market environment closely and would review it regularly to determine when it could resume its property loan offering.

- REUTERS/cy


- wong chee tat :)

Home Loan Rates - DBS

Home Loan Rates - DBS

Rates are applicable for residential properties (including HDB), quoted on per annum basis and are subject to change without prior notice.

For purchase of property Fixed Deposit Home Rate (FHR) Floating Rate Package	Rates
Year 1	FHR18 + 1.30%
Year 2	FHR18 + 1.30%
Year 3	FHR18 + 1.30%
Year 4 and thereafter	FHR18 + 1.30%

No lock-in period. Fixed Deposit Home Rate (FHR18) refers to the prevailing 18 months Singapore dollar fixed deposit interest rate of DBS Bank for amounts within $1,000 to $9,999 or such other sum as we may specify. The current FHR18 is 0.600% per annum.

For refinance of property Fixed Deposit Home Rate (FHR) Floating Rate Package	Rates
Year 1	FHR18 + 1.30%
Year 2	FHR18 + 1.30%
Year 3	FHR18 + 1.30%
Year 4 and thereafter	FHR18 + 1.30%

No lock-in period. Cash rebate is given for loan amount of $500,000 or more. Fixed Deposit Home Rate (FHR18) refers to the prevailing 18 months Singapore dollar fixed deposit interest rate of DBS Bank for amounts within $1,000 to $9,999 or such other sum as we may specify. The current FHR18 is 0.600% per annum.

Singapore Interbank Offered Rate (SIBOR) Floating Rate Package	Rates
Year 1	3-month SIBOR + 0.80%
Year 2	3-month SIBOR + 0.80%
Year 3	3-month SIBOR + 0.80%
Year 4 and thereafter	3-month SIBOR + 1.25%

3-month SIBOR refers to the 3-month Singapore Interbank Offered Rate based on the 11a.m. fixing by ABS on the first business day of the month. Click here to view the latest SIBOR rates, under the Rates & Fees tab.

Fixed Rate Package	Rates
Year 1	1.80%
Year 2	1.80%
Year 3	1.80%
Year 4 and thereafter	FHR18 + 1.20%

Comes with a 3-year lock-in period. Fixed Deposit Home Rate (FHR18) refers to the prevailing 18 months Singapore dollar fixed deposit interest rate of DBS Bank for amounts within $1,000 to $9,999 or such other sum as we may specify. The current FHR18 is 0.600% per annum.

- wong chee tat :)

Resale prices of private homes up 0.3% in April: Property index

Resale prices of private homes up 0.3% in April: Property index
Prices of homes in the central region, excluding small units, went up 0.4 per cent from the previous month, according to flash estimates from the Singapore Residential Price Index.

Posted 30 May 2016 14:04 Updated 30 May 2016 18:25

SINGAPORE: Resale prices of private homes rose in April, according to flash estimates from the Singapore Residential Price Index (SRPI) released on Monday (May 30).

The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices rose 0.3 per cent in April from the previous month. It had slid 1.1 per cent month-on-month in March.

Prices of homes in the central region, excluding small units went up 0.4 per cent from the previous month. In the non-central region, prices of homes, excluding small units, rose 0.2 per cent.

Prices of small units, which have a floor area of 506sqf or below, inched up 0.2 per cent in April compared to the previous month.

- CNA/kk


- wong chee tat :)

May 2016 BTO Prices

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May 2016 BTO Prices
Town	Contract	Flat Type	Selling Price (Excluding Grants **)	Selling Price (Including Grants ^)
Non-Mature Towns
Sembawang	EastCreek @ Canberra	2-room Flexi *	From $74,000	From $4,000+
		3-room	From $151,000	From $81,000
		4-room	From $235,000	From $180,000
		5-room	From $313,000	From $303,000
Bukit Panjang	Senja Heights, Senja Ridges and Senja Valley	2-room Flexi *	From $73,000	From $4,000+
		3-room	From $147,000	From $77,000
		4-room	From $239,000	From $184,000
		5-room	From $315,000	From $305,000
		3Gen	From $316,000	From $306,000
Mature Towns
Ang Mo Kio	Ang Mo Kio Court	2-room Flexi *	From $142,000	From $102,000
		4-room	From $382,000	From $367,000
		5-room	From $515,000	From $505,000
		3Gen	From $541,000	From $531,000
Bedok	Bedok North Woods	3-room	From $272,000	From $242,000
		4-room	From $408,000	From $393,000

Notes:
*	Come in two sizes of 36 sqm (Type 1) and 45 sqm (Type 2).
^	The assumed housing grants are meant for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi BTO flat. SHG is applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. With the SHG enhancement announced at NDR 2015, eligible first-time flat buyers with income up to $8,500 would now enjoy SHG of up to $40,000: 2-room Flexi flat: $80,000 (comprising AHG of $40,000 and SHG of $40,000 where applicable) 3-room flat: $70,000 (comprising AHG of $30,000 and SHG of $40,000 where applicable) 4-room flat: $55,000 (comprising AHG of $15,000 and SHG of $40,000 where applicable) 5-room flat/ 3Gen flat: $10,000 (AHG only) The actual grant amounts vary based on income and choice of flat type. Read more on various CPF Housing Grants available.
+	Buyers are required to pay 5% of the published price using their own CPF and/or cash savings when the total housing grants (i.e. Additional CPF Housing Grant and Special CPF Housing Grant) they can enjoy exceeds 95% of the published price of flat. Excess housing grant, if any, can be used to pay for OCS items and premiums that singles and Singapore citizen/Singapore permanent resident households have to pay, before crediting into the Singaporean buyer's CPF accounts.
**	Singles who apply for the 2-room Flexi flats under the Single Singapore Citizen Scheme will pay $15,000 more than married couples. Eligible singles can also apply for AHG and SHG. The additional amount payable and the grants will vary based on the choice of lease tenure. The actual grant amounts will vary according to income. Read more on various CPF Housing Grants available.

- wong chee tat ):