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 :)
Showing posts with label private homes. Show all posts
Showing posts with label private homes. Show all posts
Saturday, December 17, 2016
Sunday, August 21, 2016
4,841 HDB flats on offer in August BTO exercise
4,841 HDB flats on offer in August BTO exercise
Posted 17 Aug 2016 10:40 Updated 18 Aug 2016 17:58
SINGAPORE: A total of 4,841 Build-To-Order (BTO) flats were launched on Wednesday (Aug 17), the Housing and Development Board (HDB) announced.
Five new BTO projects were launched - three in the non-mature towns of Hougang, Sembawang and Yishun, and another two projects in the mature town of Tampines, it said in its press release.
The flats are priced from S$79,000, excluding grants, for a two-room Flexi flat in Hougang and Yishun to S$428,000, excluding grants, for a 3Gen flat in Tampines.
Interested applicants for the current exercise may submit an application online at HDB's InfoWEB from Aug 17 to Aug 23. They can also apply at HDB Hub or any of HDB's branches.
This is the third BTO launch for 2016, bringing the total number of BTO flats offered this year to 12,781 units. Together with the 5,170 balance flats offered in the May exercise, HDB has offered a total of 17.951 flats for sale this year.
Another 5,090 BTO flats in Bedok, Bidadari, Kallang Whampoa and Punggol will be launched in November, while about 5,000 balance flats will also be made available in the concurrent Sale of Balance Flats exercise, HDB said.
- CNA/av
- wong chee tat :)
Posted 17 Aug 2016 10:40 Updated 18 Aug 2016 17:58
SINGAPORE: A total of 4,841 Build-To-Order (BTO) flats were launched on Wednesday (Aug 17), the Housing and Development Board (HDB) announced.
Five new BTO projects were launched - three in the non-mature towns of Hougang, Sembawang and Yishun, and another two projects in the mature town of Tampines, it said in its press release.
The flats are priced from S$79,000, excluding grants, for a two-room Flexi flat in Hougang and Yishun to S$428,000, excluding grants, for a 3Gen flat in Tampines.
Interested applicants for the current exercise may submit an application online at HDB's InfoWEB from Aug 17 to Aug 23. They can also apply at HDB Hub or any of HDB's branches.
This is the third BTO launch for 2016, bringing the total number of BTO flats offered this year to 12,781 units. Together with the 5,170 balance flats offered in the May exercise, HDB has offered a total of 17.951 flats for sale this year.
Another 5,090 BTO flats in Bedok, Bidadari, Kallang Whampoa and Punggol will be launched in November, while about 5,000 balance flats will also be made available in the concurrent Sale of Balance Flats exercise, HDB said.
- CNA/av
- wong chee tat :)
Wednesday, August 17, 2016
Monday, July 25, 2016
'Too early' to lift property cooling measures: MAS chief
'Too early' to lift property cooling measures: MAS chief
Posted 25 Jul 2016 13:00 Updated 25 Jul 2016 16:46
SINGAPORE: It is "too early" for the Government to consider lifting the property cooling measures currently in place, as it looks to make sure the gains "painstakingly made" are entrenched, said Mr Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), on Monday (Jul 25).
Speaking at the central bank's annual report briefing, Mr Menon said it is also to make sure the local property market is on a "sustainable path" and that household balance sheets become stronger to "withstand shocks".
Mr Menon's comments reiterated National Development Minister Lawrence Wong's own, which were made during the Committee of Supply debate in Parliament in April. He said that while the cooling measures have been effective in stabilising the property market, relaxing them too early may risk a premature market rebound.
The MAS chief said the contribution to accommodation costs to inflation has come down significantly, while the balance sheets for households show signs of strengthening with the moderating of annual growth in household debt.
He added that the property market has been stabilising over the last two years since its peak in the third quarter of 2013. That said, property prices went up 60 per cent between 2009 to 2013, while nominal incomes increased only 30 per cent during the same period.
"The risk of a renewed surge in property prices is not trivial given that interest rates are likely to remain low and global investors continue to search for yield." said Mr Menon.
"And while the growth in household debt has eased considerably, it will take time for household balance sheets to strengthen and become more resilient to interest rate and income shocks," he added.
The MAS, Ministry of Finance and Ministry of National Development will continue to closely monitor developments in the property market, the MAS chief said.
MAS has introduced several cooling measures since 2013, including raising the rates for Additional Buyer's Stamp Duty (ABSD) and capping the Mortgage Servicing Ratio for housing loans granted for public housing by financial institutions at 30 per cent of a borrower's gross monthly income.
However, there have been voices calling for the lifting of such measures, particularly from developers. The Real Estate Developers' Association of Singapore, for one, said in February that there is a need to ensure a soft landing to prevent further damage to an already fragile local economy.
Property analysts Channel NewsAsia spoke with were divided on the issue. Chief executive of PropNex Realty Mohamad Ismail Gafoor said cooling measures that concern an individual's debt ratio should stay for the long term.
But he said the Additional Buyer's Stamp Duty (ABSD) that Singaporeans and foreigners are subjected to for their second property could be revisited. Foreigners will be subjected to 15 per cent of ABSD for their second property, while Singaporeans will have to pay seven percent.
"15 per cent of a property worth $3 million will come close to half a million dollars, which means people could buy properties in other countries just on ABSD. What is happening is a fair number of Singaporeans, because of the ABSD are buying properties in other parts of the world. We already have a Total Debt Servicing Ratio. Why do we need to penalise Singaporeans for buying a second property within their means and not stretching themselves?"
Mr Ismail said reducing the ABSD from 15 per cent to between five and 10 per cent for foreigners, and doing the same for Singaporeans, would encourage more people to invest in the local property market. This could be a positive sign for developers who have been struggling in recent years,
Century 21 chief executive Ku Swee Yong highlighted Mr Menon's comments on the gap between property prices and income growth, which was about 30 per cent. In the last two and a half years, the gap has dropped by about nine per cent. Mr Ku said the authorities are of the mindset that "there is still some way to go".
He said the government's wait-and-see attitude might also hinge on risks not apparent to observers and analysts: "What they can see would include families that have stretched themselves to buy industrial, retail and office real estate in the last four years, where strata titles - small sized commercial properties - were selling like hotcakes. "
Mr Ku said these loans are classified under commercial property loans and many investors have set up private limited companies to buy such real estate, and take on the loan under their companies.
The recent release of second quarter property figures also showed the number of private residential transactions "suddenly" spiking, as developers slashed prices and offered incentives to buyers. "If the government were to relax policy measures, there would be further encouragement for the market to buy even more," he said.
- CNA/kk
- wong chee tat :)
Posted 25 Jul 2016 13:00 Updated 25 Jul 2016 16:46
SINGAPORE: It is "too early" for the Government to consider lifting the property cooling measures currently in place, as it looks to make sure the gains "painstakingly made" are entrenched, said Mr Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), on Monday (Jul 25).
Speaking at the central bank's annual report briefing, Mr Menon said it is also to make sure the local property market is on a "sustainable path" and that household balance sheets become stronger to "withstand shocks".
Mr Menon's comments reiterated National Development Minister Lawrence Wong's own, which were made during the Committee of Supply debate in Parliament in April. He said that while the cooling measures have been effective in stabilising the property market, relaxing them too early may risk a premature market rebound.
The MAS chief said the contribution to accommodation costs to inflation has come down significantly, while the balance sheets for households show signs of strengthening with the moderating of annual growth in household debt.
He added that the property market has been stabilising over the last two years since its peak in the third quarter of 2013. That said, property prices went up 60 per cent between 2009 to 2013, while nominal incomes increased only 30 per cent during the same period.
"The risk of a renewed surge in property prices is not trivial given that interest rates are likely to remain low and global investors continue to search for yield." said Mr Menon.
"And while the growth in household debt has eased considerably, it will take time for household balance sheets to strengthen and become more resilient to interest rate and income shocks," he added.
The MAS, Ministry of Finance and Ministry of National Development will continue to closely monitor developments in the property market, the MAS chief said.
MAS has introduced several cooling measures since 2013, including raising the rates for Additional Buyer's Stamp Duty (ABSD) and capping the Mortgage Servicing Ratio for housing loans granted for public housing by financial institutions at 30 per cent of a borrower's gross monthly income.
However, there have been voices calling for the lifting of such measures, particularly from developers. The Real Estate Developers' Association of Singapore, for one, said in February that there is a need to ensure a soft landing to prevent further damage to an already fragile local economy.
Property analysts Channel NewsAsia spoke with were divided on the issue. Chief executive of PropNex Realty Mohamad Ismail Gafoor said cooling measures that concern an individual's debt ratio should stay for the long term.
But he said the Additional Buyer's Stamp Duty (ABSD) that Singaporeans and foreigners are subjected to for their second property could be revisited. Foreigners will be subjected to 15 per cent of ABSD for their second property, while Singaporeans will have to pay seven percent.
"15 per cent of a property worth $3 million will come close to half a million dollars, which means people could buy properties in other countries just on ABSD. What is happening is a fair number of Singaporeans, because of the ABSD are buying properties in other parts of the world. We already have a Total Debt Servicing Ratio. Why do we need to penalise Singaporeans for buying a second property within their means and not stretching themselves?"
Mr Ismail said reducing the ABSD from 15 per cent to between five and 10 per cent for foreigners, and doing the same for Singaporeans, would encourage more people to invest in the local property market. This could be a positive sign for developers who have been struggling in recent years,
Century 21 chief executive Ku Swee Yong highlighted Mr Menon's comments on the gap between property prices and income growth, which was about 30 per cent. In the last two and a half years, the gap has dropped by about nine per cent. Mr Ku said the authorities are of the mindset that "there is still some way to go".
He said the government's wait-and-see attitude might also hinge on risks not apparent to observers and analysts: "What they can see would include families that have stretched themselves to buy industrial, retail and office real estate in the last four years, where strata titles - small sized commercial properties - were selling like hotcakes. "
Mr Ku said these loans are classified under commercial property loans and many investors have set up private limited companies to buy such real estate, and take on the loan under their companies.
The recent release of second quarter property figures also showed the number of private residential transactions "suddenly" spiking, as developers slashed prices and offered incentives to buyers. "If the government were to relax policy measures, there would be further encouragement for the market to buy even more," he said.
- CNA/kk
- wong chee tat :)
Saturday, July 2, 2016
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 ):
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 ):
Thursday, June 30, 2016
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 :)
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 :)
Friday, June 10, 2016
Home Loan Rates - DBS
Home Loan Rates - DBS
- wong chee tat :)
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 :)
Monday, May 30, 2016
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 :)
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 :)
Saturday, January 16, 2016
Revision of the Home Loan Board Rate – Singapore Residential Financing Rate (SRFR) - Maybank
Revision of the Home Loan Board Rate – Singapore Residential Financing Rate (SRFR)
Please be informed that the SRFR will be revised from 3.75% p.a. to 4.00% p.a. with effect from 18 February 2016.
Since the introduction of the Singapore Residential Financing Rate (SRFR) in 2007, this is the first time a revision will be made. The revision is undertaken after much consideration and in view of the prevailing market conditions.
Your loan interest rate and monthly instalment will be affected by this SRFR revision if your loan interest rate is pegged:
How much will your monthly instalment be revised?
Your monthly instalment will increase as a result of this SRFR revision. The increase in monthly instalment amount is estimated at S$12 for every S$100,000 loan.
However, your monthly instalment will not be revised immediately, we will write to you in March 2016 to inform you of your revised monthly instalment which will commence from April 2016.
Using CPF funds to service your monthly instalment?
For private property
If you are using your CPF funds (partially or fully) to service your monthly instalment, you may submit your application for revision :
You may wish to note the processing period required by CPF Board for effecting such revisions, as any shortfall in the amount received by the bank through CPF Board will be debited from your designated Maybank loan servicing deposit account.
For HDB property
If you have previously submitted the “Letter of Authorisation” to the bank, any revision to your monthly instalment will be automatically updated with the CPF Board hence no further action is required on your part.
If you have not submitted the “Letter of Authorisation” previously and you are using your CPF funds (partially or fully) to service your monthly instalment, you may submit your application for revision :
You may wish to note the processing period required by CPF Board for effecting such revisions, as any shortfall in the amount received by the bank through CPF Board will be debited from your designated Maybank loan servicing deposit account.
To find out if you have previously submitted the “Letter of Authorisation”, you can call us at 1800 629 2265 (1800 MAYBANK).
|
- womg chee tat :)
Monday, November 30, 2015
Lower Property Tax in 2016
Lower Property Tax in 2016
- wong chee tat :)
30 Nov 2015
With Annual Values of HDB and private residential properties reduced in line with market rentals, 93% of residential property owners will pay lower property tax.
All HDB flat owners will pay lower or no property tax next year while 8 in 10 private residential property owners will pay lower property tax in 2016. In particular, all 1- and 2-room HDB flat owner-occupiers and 28,200 3-room HDB flat owner-occupiers will not have to pay any property tax when the revised annual values take effect from 1 Jan 2016.
The tax savings for HDB flats will range from 9% to 24%, compared to property tax paid in 2015. Of the private residential properties with reduced annual values, more than 80% will see tax savings of between 3% and 20%.
Lower Property Tax in 2016 for Owner-Occupied HDB Flats
| HDB Flat Type | 2016 Property Tax Payable | 2015 Property Tax Payable | Savings in 20161 |
|---|---|---|---|
| 3-Room Flat | $0 - $37.60 | $1.60 - $49.60 | $1.60-$12.00 (At least 24%) |
| 4-Room Flat | $71.20 - $119.20 | $85.60 - $133.60 | $14.40 (At least 11%) |
| 5-Room Flat | $104.80 - $152.80 | $121.60 - $169.60 | $16.80 (At least 10%) |
| Executive Flat2 | $116.80 - $164.80 | $133.60 - $181.60 | $16.80 (At least 9%) |
The Inland Revenue Authority of Singapore (IRAS) reviews the Annual Values (AVs) of properties annually to ensure that they reflect prevailing market rentals. Property tax is a tax on property ownership and it is payable on all properties regardless whether the property is rented out, owner-occupied, or left vacant. Property tax is computed on AVs, by multiplying the AV of the property with the relevant set of progressive property tax rates for residential properties. The concessionary ‘Owner-Occupier Residential Tax Rates’ is applied on owner-occupied residential properties while the ‘Residential Tax Rates’ is applied on non-owner-occupied properties (Refer to Annex 1).
Simplified e-Service to Check Property Tax Payable New!
Property owners can use a new e-Service - ‘e-Property Tax Balance’ – to check if there is any tax payable on their properties and whether the current payment mode is by GIRO. Property owners simply enter the property tax reference number or property address and the NRIC of any of the owners to find out the property tax payable.
Pay Your 2016 Property Tax by 31 Jan 2016
Property tax has to be paid by 31 Jan 2016. IRAS encourages property owners to join GIRO to enjoy up to 12 interest-free monthly instalments or opt for a one-time deduction. Taxpayers who have bank accounts with DBS/POSB, UOB or OCBC can apply for GIRO via Internet Banking and receive instant approval.
A 5% penalty will be imposed on property owners who fail to pay or have not arranged to pay their tax by 31 Jan 2016. Property owners facing financial difficulties are advised to contact IRAS at 1800-356 8300 before the due date to discuss a suitable payment plan.
For more information and answers to frequently asked questions, please visit www.iras.gov.sg> Property> Property Owners> 2016 Property Tax Bills.
1Tax Savings and Property Tax Payable are calculated based on owner-occupied HDB flats.
2This does not include Executive Condominiums.
Inland Revenue Authority of Singapore
- wong chee tat :)
Tuesday, November 17, 2015
'Bumper crop' of HDB flats for sale launched today
'Bumper crop' of HDB flats for sale launched today
A total of 12,411 flats are up for sale - 7,061 BTO flats and 5,350 balance flats, including 2,139 units in the first housing projects in Bidadari, said HDB.
POSTED: 17 Nov 2015 11:42 UPDATED: 17 Nov 2015 11:58
SINGAPORE: The "bumper crop" of Housing and Development Board (HDB) flats for sale under the November 2015 Build-To-Order (BTO) cum Sale of Balance Flats (SBF) exercise was launched on Tuesday (Nov 17), the agency announced.
The application period starts on Tuesday, and ends on Nov 26. Applicants can apply for only one flat type or category in one town under either the BTO or SBF exercise.
A total of 12,411 flats are up for sale - 7,061 BTO flats and 5,350 balance flats, including 2,139 units in the first housing projects in Bidadari, said HDB.
The 7,061 BTO flats will be offered across seven projects in the non-mature towns of Bukit Batok, Choa Chu Kang, Hougang, Punggol and Sengkang, together with three projects in the Bidadari estate in Toa Payoh.
HDB will also offer 5,350 balance flats in 11 non-mature towns and 14 mature towns and estates under the November 2015 SBF exercise. These comprise 1,218 units of 2-room Flexi, 1,064 units of 3-room, 2,062 units of 4-room, 959 units of 5-room, 36 units of 3Gen and 11 units of executive flats.
The majority of flats offered under the SBF exercise are reserved for first-timer families, while eligible first-timer singles may also apply for a 2-room Flexi flat in non-mature towns, said HDB.
For the 2-Room Flexi Scheme, HDB will offer 2,093 Flexi flats in Bidadari, Bukit Batok, Choa Chu Kang, Punggol and Sengkang.
The next BTO launch will take place in February 2016, and HDB will offer about 4,150 flats in Bidadari, Bukit Batok and Sengkang.
- CNA/av
- wong chee tat :)
A total of 12,411 flats are up for sale - 7,061 BTO flats and 5,350 balance flats, including 2,139 units in the first housing projects in Bidadari, said HDB.
POSTED: 17 Nov 2015 11:42 UPDATED: 17 Nov 2015 11:58
SINGAPORE: The "bumper crop" of Housing and Development Board (HDB) flats for sale under the November 2015 Build-To-Order (BTO) cum Sale of Balance Flats (SBF) exercise was launched on Tuesday (Nov 17), the agency announced.
The application period starts on Tuesday, and ends on Nov 26. Applicants can apply for only one flat type or category in one town under either the BTO or SBF exercise.
A total of 12,411 flats are up for sale - 7,061 BTO flats and 5,350 balance flats, including 2,139 units in the first housing projects in Bidadari, said HDB.
The 7,061 BTO flats will be offered across seven projects in the non-mature towns of Bukit Batok, Choa Chu Kang, Hougang, Punggol and Sengkang, together with three projects in the Bidadari estate in Toa Payoh.
HDB will also offer 5,350 balance flats in 11 non-mature towns and 14 mature towns and estates under the November 2015 SBF exercise. These comprise 1,218 units of 2-room Flexi, 1,064 units of 3-room, 2,062 units of 4-room, 959 units of 5-room, 36 units of 3Gen and 11 units of executive flats.
The majority of flats offered under the SBF exercise are reserved for first-timer families, while eligible first-timer singles may also apply for a 2-room Flexi flat in non-mature towns, said HDB.
For the 2-Room Flexi Scheme, HDB will offer 2,093 Flexi flats in Bidadari, Bukit Batok, Choa Chu Kang, Punggol and Sengkang.
The next BTO launch will take place in February 2016, and HDB will offer about 4,150 flats in Bidadari, Bukit Batok and Sengkang.
- CNA/av
- wong chee tat :)
Monday, November 16, 2015
Private home sales jump 60.1% in October
Private home sales jump 60.1% in October
Property developers sold 546 new private residential units last month, up from the 341 units sold in September, according to data released by the Urban Redevelopment Authority.
POSTED: 16 Nov 2015 15:14 UPDATED: 16 Nov 2015 15:45
SINGAPORE: Sales of new private homes jumped 60.1 per cent last month.
Excluding executive condominiums (ECs), developers of private homes sold 546 units in October, up from the 341 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16).
The rise in sales came as developers launched 434 units last month, an 11 per cent increase from the 391 units launched the previous month.
When ECs are included, developer sales rose to 822 units last month compared with 629 units in September.
However, the number of ECs sold was 4 per cent fewer than the previous month, at 276 units. This was in line with the drop in launches, which was 505 units in October, compared with 525 units in September.
The Criterion was the only EC launched last month, which sold 41 out of its 505 units at a median price of S$805 per square foot.
- CNA/av
- wong chee tat :)
Property developers sold 546 new private residential units last month, up from the 341 units sold in September, according to data released by the Urban Redevelopment Authority.
POSTED: 16 Nov 2015 15:14 UPDATED: 16 Nov 2015 15:45
SINGAPORE: Sales of new private homes jumped 60.1 per cent last month.
Excluding executive condominiums (ECs), developers of private homes sold 546 units in October, up from the 341 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16).
The rise in sales came as developers launched 434 units last month, an 11 per cent increase from the 391 units launched the previous month.
When ECs are included, developer sales rose to 822 units last month compared with 629 units in September.
However, the number of ECs sold was 4 per cent fewer than the previous month, at 276 units. This was in line with the drop in launches, which was 505 units in October, compared with 525 units in September.
The Criterion was the only EC launched last month, which sold 41 out of its 505 units at a median price of S$805 per square foot.
- CNA/av
- wong chee tat :)
Saturday, November 14, 2015
本月下旬 新加坡房产现大规模组屋销售活动
本月下旬 新加坡房产现大规模组屋销售活动
发布日期:2015-11-13 来源：联合早报网
据新加坡联合早报13日报道，新加坡房地产方面，新加坡建屋发展局将在本月下旬展开大规模组屋销售活动，推出1万2000多个单位，申请时间也因此从七天延长至10天。
这个历来最大规模的组屋销售活动所推出的1万2000个单位，包括7000个预购组屋（BTO）单位和5000个剩余单位。
更多新加坡新闻最新报道，尽在新加坡房产网。
新加坡房价
为了让有兴趣的买家在面对更多组屋选择的情况下，有更充裕的时间考虑和做决定，建屋局把申请时间从一般的七天延长至10天。
该局也强调，组屋销售活动并非“先到先得”，买家有10天的时间考虑并提出申请，因此吁请公众不必急着去申请。所有关于预购组屋和剩余组屋的信息，公众可查询建屋局网页（HDB InfoWEB）。
ERA产业认为，这是建屋局预期这个组屋销售活动将有强劲的需求，因而预先采取的措施。
ERA发文告说，推出的许多组屋单位来自不同的新镇，申请者需要更多时间进行财务规划和比较，来决定所要选购的组屋。“延长（申请时间）将让申请者在经过慎重的考虑之后才做出决定。”
- wong chee tat :)
发布日期:2015-11-13 来源：联合早报网
据新加坡联合早报13日报道，新加坡房地产方面，新加坡建屋发展局将在本月下旬展开大规模组屋销售活动，推出1万2000多个单位，申请时间也因此从七天延长至10天。
这个历来最大规模的组屋销售活动所推出的1万2000个单位，包括7000个预购组屋（BTO）单位和5000个剩余单位。
更多新加坡新闻最新报道，尽在新加坡房产网。
新加坡房价
为了让有兴趣的买家在面对更多组屋选择的情况下，有更充裕的时间考虑和做决定，建屋局把申请时间从一般的七天延长至10天。
该局也强调，组屋销售活动并非“先到先得”，买家有10天的时间考虑并提出申请，因此吁请公众不必急着去申请。所有关于预购组屋和剩余组屋的信息，公众可查询建屋局网页（HDB InfoWEB）。
ERA产业认为，这是建屋局预期这个组屋销售活动将有强劲的需求，因而预先采取的措施。
ERA发文告说，推出的许多组屋单位来自不同的新镇，申请者需要更多时间进行财务规划和比较，来决定所要选购的组屋。“延长（申请时间）将让申请者在经过慎重的考虑之后才做出决定。”
- wong chee tat :)
历来最大规模组屋销售活动 申请时间从7天延至10天
历来最大规模组屋销售活动 申请时间从7天延至10天
13/11/2015 on 我报
By 刘丽仪
建屋发展局将在本月下半月展开大型组屋销售活动，推出1万2000多个单位，申请时间也将从7天延长至10天。
建屋发展局昨天发文告说，国家发展部和建屋局较早前已宣布将把今年9月和11月的组屋销售活动合并，一次过在11月下半月推出1万2000个单位。
这是为了让更多买家从新的住屋措施中受益，也让国人在组屋地点、类型和价钱上有更多的选择。
这个历来最大规模的组屋销售活动所推出的1万2000个单位中，包括7000个预购组屋（BTO）单位和5000个剩余单位。
为了让有兴趣的买家在更多组屋选择下，能有更充裕的考虑时间来作决定，当局把申请时间从过去的7天延长至10天。
所有关于预购组屋和剩余组屋的信息，公众可查询建屋局网页（HDB InfoWEB）。
ERA产业认为这是建屋局预期这个组屋销售活动将有强劲的需求，因而预先采取的措施。
ERA发文告说，推出的许多组屋单位来自不同的新镇，申请者需要更多时间进行财务规划和作比较，来决定选购的组屋。
“延长（申请时间）将鼓励申请者在慎重考虑后才下决定去选购。”
- wong chee tat :)
13/11/2015 on 我报
By 刘丽仪
建屋发展局将在本月下半月展开大型组屋销售活动，推出1万2000多个单位，申请时间也将从7天延长至10天。
建屋发展局昨天发文告说，国家发展部和建屋局较早前已宣布将把今年9月和11月的组屋销售活动合并，一次过在11月下半月推出1万2000个单位。
这是为了让更多买家从新的住屋措施中受益，也让国人在组屋地点、类型和价钱上有更多的选择。
这个历来最大规模的组屋销售活动所推出的1万2000个单位中，包括7000个预购组屋（BTO）单位和5000个剩余单位。
为了让有兴趣的买家在更多组屋选择下，能有更充裕的考虑时间来作决定，当局把申请时间从过去的7天延长至10天。
所有关于预购组屋和剩余组屋的信息，公众可查询建屋局网页（HDB InfoWEB）。
ERA产业认为这是建屋局预期这个组屋销售活动将有强劲的需求，因而预先采取的措施。
ERA发文告说，推出的许多组屋单位来自不同的新镇，申请者需要更多时间进行财务规划和作比较，来决定选购的组屋。
“延长（申请时间）将鼓励申请者在慎重考虑后才下决定去选购。”
- wong chee tat :)
Thursday, November 12, 2015
HDB Mega Sales Exercise set for 2nd half this month - application period extended to 10 days; public advised not to rush to HDB Hub
HDB Mega Sales Exercise set for 2nd half this month - application period extended to 10 days; public advised not to rush to HDB Hub
Published Date: 12 Nov 2015
The Ministry of National Development (MND) and the Housing & Development Board (HDB) announced earlier that HDB will combine the September and November 2015 sales launches into one mega launch. This is to allow more home buyers to benefit from the recent new policies, and to give flat buyers more options in terms of flat locations, flat-types and prices. The mega launch will be held in the second half of this month. It will be the largest sales exercise to-date, with a total of about 12,000 flats offered for sale, comprising 7,000 Build-To-Order (BTO) flats and 5,000 balance flats.
2 To allow prospective flat buyers more time to consider the wide range of flats offered and make an informed decision, we will extend the application period for the mega sales exercise from the typical 7 calendar days to 10 calendar days.
3 All the information on the BTO and SBF flats on offer will be made available on the HDB InfoWEB. We would like to advise prospective flat buyers to view the details of the flats on offer online via the HDB InfoWEB, at their leisure. They can get the flat details, as well as submit their applications online via the HDB InfoWEB. There is no need for them to make a trip down to HDB Hub.
4 Flat applications are not processed on a first-come-first-served basis. Flat applicants would have 10 days to consider and submit their applications. They need not rush to put in their applications.
- wong chee tat :)
Published Date: 12 Nov 2015
The Ministry of National Development (MND) and the Housing & Development Board (HDB) announced earlier that HDB will combine the September and November 2015 sales launches into one mega launch. This is to allow more home buyers to benefit from the recent new policies, and to give flat buyers more options in terms of flat locations, flat-types and prices. The mega launch will be held in the second half of this month. It will be the largest sales exercise to-date, with a total of about 12,000 flats offered for sale, comprising 7,000 Build-To-Order (BTO) flats and 5,000 balance flats.
2 To allow prospective flat buyers more time to consider the wide range of flats offered and make an informed decision, we will extend the application period for the mega sales exercise from the typical 7 calendar days to 10 calendar days.
3 All the information on the BTO and SBF flats on offer will be made available on the HDB InfoWEB. We would like to advise prospective flat buyers to view the details of the flats on offer online via the HDB InfoWEB, at their leisure. They can get the flat details, as well as submit their applications online via the HDB InfoWEB. There is no need for them to make a trip down to HDB Hub.
4 Flat applications are not processed on a first-come-first-served basis. Flat applicants would have 10 days to consider and submit their applications. They need not rush to put in their applications.
- wong chee tat :)
'Mega launch' of 12,000 HDB flats to take place in 2nd half of Nov
'Mega launch' of 12,000 HDB flats to take place in 2nd half of Nov
To allow prospective flat buyers more time to consider the "wide range" of flats offered, HDB will extend the application period for the sales exercise to 10 calendar days, up from the usual seven calendar days.
POSTED: 12 Nov 2015 11:08 UPDATED: 12 Nov 2015 20:08
SINGAPORE: The "mega launch" of 12,000 flats for the November Housing & Development Board (HDB) launch will take place in the second half of this month, it was announced on Thursday (Nov 12).
This will be the largest sales exercise to-date, with a total of about 12,000 flats offered for sale, comprising 7,000 Build-To-Order (BTO) flats and 5,000 balance flats. This is as the September launch of BTO flats was delayed to incorporate three new policies announced by Prime Minister Lee Hsien Loong at the National Day Rally in August.
The 7,000 BTO flats will be available in Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore and Sengkang.
To allow prospective flat buyers more time to consider the "wide range" of flats offered, HDB will extend the application period for the sales exercise to 10 calendar days, up from the usual seven calendar days.
HDB would like to remind flat buyers that they need not rush to put in their applications, as the applications are not processed on a first-come-first-served vasis.
All the information on the flats on offer will be made available on the HDB InfoWEB.
Said HDB: "We would like to advise prospective flat buyers to view the details of the flats on offer online via the HDB InfoWEB, at their leisure. They can get the flat details, as well as submit their applications online via the HDB InfoWEB. There is no need for them to make a trip down to HDB Hub."
- CNA/av
- wong chee tat :)
To allow prospective flat buyers more time to consider the "wide range" of flats offered, HDB will extend the application period for the sales exercise to 10 calendar days, up from the usual seven calendar days.
POSTED: 12 Nov 2015 11:08 UPDATED: 12 Nov 2015 20:08
SINGAPORE: The "mega launch" of 12,000 flats for the November Housing & Development Board (HDB) launch will take place in the second half of this month, it was announced on Thursday (Nov 12).
This will be the largest sales exercise to-date, with a total of about 12,000 flats offered for sale, comprising 7,000 Build-To-Order (BTO) flats and 5,000 balance flats. This is as the September launch of BTO flats was delayed to incorporate three new policies announced by Prime Minister Lee Hsien Loong at the National Day Rally in August.
The 7,000 BTO flats will be available in Bidadari, Bukit Batok, Choa Chu Kang, Hougang, Punggol Northshore and Sengkang.
To allow prospective flat buyers more time to consider the "wide range" of flats offered, HDB will extend the application period for the sales exercise to 10 calendar days, up from the usual seven calendar days.
HDB would like to remind flat buyers that they need not rush to put in their applications, as the applications are not processed on a first-come-first-served vasis.
All the information on the flats on offer will be made available on the HDB InfoWEB.
Said HDB: "We would like to advise prospective flat buyers to view the details of the flats on offer online via the HDB InfoWEB, at their leisure. They can get the flat details, as well as submit their applications online via the HDB InfoWEB. There is no need for them to make a trip down to HDB Hub."
- CNA/av
- wong chee tat :)
Non-landed private home resale prices dip 0.6% from September: SRX Property
Non-landed private home resale prices dip 0.6% from September: SRX Property
A total of 505 non-landed private homes were resold in October, up 9.8 per cent from September, according to latest data from SRX Property released on Wednesday (Nov 11).
POSTED: 11 Nov 2015 11:03 UPDATED: 11 Nov 2015 23:53
SINGAPORE: The resale prices of non-landed private residential units in October dipped 0.6 per cent from September this year, according to latest data from SRX Property released on Wednesday (Nov 11).
Units in the Core Central Region, Rest of Central Region and Outside of Central Region all posted a price drop of 1.1 per cent, 0.5 per cent and 0.4 per cent respectively. Overall resale prices also went down 2.6 per cent, when compared on a year-on-year basis.
Resale volume of non-landed private residential units in October increased 9.8 per cent from the previous month. SRX Property also said an estimated 505 units were resold in October.
However, compared to a year ago, resale volume was flat as a total of 504 units were resold in October 2014.
The median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, was -S$3,000.
For districts with more than 10 resale transactions, District 15 (Katong, Joo Chiat, Amber Road) posted the highest median TOX of S$20,000. The lowest median TOX was in District 14 (Geyang, Eunos) at -S$30,000.
- CNA/xk
- wong chee tat :)
A total of 505 non-landed private homes were resold in October, up 9.8 per cent from September, according to latest data from SRX Property released on Wednesday (Nov 11).
POSTED: 11 Nov 2015 11:03 UPDATED: 11 Nov 2015 23:53
SINGAPORE: The resale prices of non-landed private residential units in October dipped 0.6 per cent from September this year, according to latest data from SRX Property released on Wednesday (Nov 11).
Units in the Core Central Region, Rest of Central Region and Outside of Central Region all posted a price drop of 1.1 per cent, 0.5 per cent and 0.4 per cent respectively. Overall resale prices also went down 2.6 per cent, when compared on a year-on-year basis.
Resale volume of non-landed private residential units in October increased 9.8 per cent from the previous month. SRX Property also said an estimated 505 units were resold in October.
However, compared to a year ago, resale volume was flat as a total of 504 units were resold in October 2014.
The median Transaction Over X-Value (TOX), which measures whether people are overpaying or underpaying SRX Property’s estimated market value, was -S$3,000.
For districts with more than 10 resale transactions, District 15 (Katong, Joo Chiat, Amber Road) posted the highest median TOX of S$20,000. The lowest median TOX was in District 14 (Geyang, Eunos) at -S$30,000.
- CNA/xk
- wong chee tat :)
Friday, October 16, 2015
TOP - Temporary Occupation Permit
TOP?
TOP or Temporary Occupation Permit:
In layman terms, TOP refers to the time when construction is completed and a property is ready to be occupied. The Building Authority would also have issued a Certificate of Statutory Completion (CSC) at this time.
- Link:
- wong chee tat :)
TOP or Temporary Occupation Permit:
In layman terms, TOP refers to the time when construction is completed and a property is ready to be occupied. The Building Authority would also have issued a Certificate of Statutory Completion (CSC) at this time.
- Link:
- wong chee tat :)
Thursday, May 14, 2015
Joint Press Release by CPF & HDB - CPF interest rates and HDB’s mortgage rate for Q3 2015
Joint Press Release by CPF & HDB - CPF interest rates and HDB’s mortgage rate for Q3 2015
- wong chee tat :)
Date issued : 14 May 2015
CPF INTEREST RATES FROM 1 JULY 2015 TO 30 SEPTEMBER 2015
|
HDB MORTGAGE RATE FROM 1 JULY 2015 TO 30 SEPTEMBER 2015
|
Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the third quarter of 2015.
The above interest rates include an additional 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.
INTEREST RATE FOR ORDINARY ACCOUNT AND HDB MORTGAGE RATE
The OA interest rate will be maintained at 2.5% per annum from 1 July 2015 to 30 September 2015, as the computed rate of 0.21% is lower than the legislated minimum interest rate.
Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 July 2015 to 30 September 2015.
Please refer to Annex A 
(PDF 269KB) for the detailed computation of the OA interest rate and HDB mortgage rate.
(PDF 269KB) for the detailed computation of the OA interest rate and HDB mortgage rate.
INTEREST RATE FOR SPECIAL AND MEDISAVE ACCOUNTS
The SMA interest rate will be maintained at 4% per annum from 1 July 2015 to 30 September 2015, as the computed rate of 3.27% is lower than the current floor interest rate.
INTEREST RATE FOR RETIREMENT ACCOUNT
The RA interest rate will be maintained at 4% per annum from 1 January 2015 to 31 December 2015, as announced on 25 November 2014.
PUBLIC ENQUIRIES
CPF members can visit www.cpf.gov.sg or call the CPF Call Centre at 1800-227-1188 for enquiries.
*This includes the additional 1% interest paid on the first $60,000 of a member’s combined balances, of which up to $20,000 comes from the Ordinary Account (OA). The additional interest earned on OA monies will go to the member’s Special Account or Retirement Account, to enhance their retirement adequacy. If a member is above 55 years old and participates in the CPF LIFE scheme, the additional 1% interest will still be earned on his combined balances, which includes the savings used for CPF LIFE.
- wong chee tat :)
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