Friday, 30 November 2012

CapitaLand unit offers Top Bid for Bishan Site


Capitaland, in a joint venture with Mitsubishi Estate Asia, offered the top bid for another residential site in Bishan, next to its current Sky Habitat development.
The $505 million, or $852.94 per square foot per plot ratio (psf ppr), bid was submitted through Allamanda Residential Development in which CapitaLand holds a 75 per cent stake.
According to market analysts, the CapitaLand JV top bid for the residential site at Bishan Street 14 was part of a strategic move to defend its earlier bid of $869.36 which was offered in February last year for the Sky Habitat site.

Resale HDB Prices to Rise Even As More BTO Flats are Launched


Resale HDB Prices to Rise Even As More BTO Flats are Launched




27,000 Build-To-Order (BTO) flats have been released this year, and 20,000 more units are planned for next year. Despite the amped-up supply in new flats, experts believe that HDB resale flat prices are set to still increase. 

This is because BTO launches do not affect resale flat buyers, and thus do not address the demands of this group. BTO flat prices are normally pegged to the current resale prices, but will be sold at a discount. Because of such attractive discounts, BTO flats are usually bought by first-time buyers, who wish to save on their first homes. 


Read More From iProperty


World News - Home In The Middle of Highway




The Chinese regime technically owns most of the land in China. That makes for trouble when government developers want to tear down homes, and the homeowners refuse to sell. This is just one example.

An elderly couple refused to sign a demolition order on their house. So developers just built the road around it. Luo Baogen and his wife refused to leave, even after all their neighbors had gone.

According to their former neighbors, the two said they had not received enough compensation to rebuild their five story house elsewhere. It's a typical example of what has become known as a nail house.

In Chinese it's called "Dingzhi Hu 钉子户" It describes how these homes are left to stick out like nails from construction sites, refusing to be hammered down. It's a surprisingly common scenario.

This man in Wuhan made a homemade rocket launcher to defend his property. Families are forced to move out of their home homes for little or no compensation. Resistance is often met with extreme brutality. And since land developers often team up with the local government to take the land, residents are sometimes forced to take matters in their own hands.

 In 2010, three people in Jiangxi Province set themselves on fire to stop the demolition of their homes. One later died of the injuries. The house was still torn down.


-ST-
Wonder how long the old couple can resist looking at their age. Who will be the eventual winner? Developer or Mr Luo & Wife?

Dual-key is Key To Meet Expected Demands


Dual-key is key

Live alone but with family. Close-knit families can now sleep easy with the onset of a large supply of dual-key apartments in the pipeline. To meet the expected demand, many property developers are planning to invest more resources into this unique concept.

Dual-key apartments refer to homes that share a main door, but divide into two separate apartments: the main apartment and a studio apartment. The two areas of the house share a foyer but have their own kitchen and bathroom. These units are made for multi-generational families, and offer married couples who have chosen to live with their parents some privacy. 



The Topiary - Fernvale EC by Kheng Leong Co Ltd and Qingjian Realty



 The Topiary

Call Steven @ 98232630

by Kheng Leong Co Ltd and Qingjian Realty





 Location Map


Thursday, 29 November 2012

Home Buyers Borrowing Less With Tougher Rules


Home buyers borrowing less with tougher rules
Home buyers are borrowing less as tougher lending guidelines contained in property cooling measures start to bite.
Mortgages with a loan-to-value (LTV) ratio of more than 80 per cent comprised 4.7 per cent of all loans in the third quarter, down from 4.9 per cent in the same period last year.
This is the lowest since 2004 and is a sharp drop from the peak of 17 per cent in the third quarter of 2009, said the Monetary Authority of Singapore yesterday.

No Correction in Home Prices After Cooling Measures


No correction in home prices after measures
No appreciable correction in overall house prices was seen in October, despite the latest round of cooling measures.
Prices of completed private apartments and condominiums (excluding executive condos) rose one per cent in October, fuelled by price increases in the suburban market.
Excluding small units, prices of suburban apartments rose one per cent while homes in the Central Region rose 0.9 per cent. Prices of small units (up to 506 sq ft) islandwide rose 0.6 per cent in October.

Wednesday, 28 November 2012

More Second Time Buyers Opt For Built To Order HDBs


More second-time buyers opt for BTO

Second time buyers opt for BTO
ST PHOTO: MUGILAN RAJASEGERAN
The last Build-to-Order (BTO) exercise of the year closed yesterday, with 2.7 applications for each HDB flat on offer.

This is slightly higher than the 2.4 overall rate of the previous exercise in September, as more second-timers made a pitch for the homes in five estates.

There were 12.7 applications from these second-timers for each flat, a rise from 11.5 in the previous round.
In contrast, applications from first-timers for the 6,463 flats stayed low, dipping marginally to 1.7 from 1.8 in September.

HDB Property Tax Goes Up


HDB property tax to go up

HDB Property Tax to go UpThe property tax for HDB flats will go up between $40 and $50 next year because of rising market rents.
The increment is after a one-off $40 rebate the Government is extending to all owner-occupied flats, the Inland Revenue Authority of Singapore (Iras) said yesterday. The rebate is to mitigate the impact of the tax rise on middle- and lower-income households, it added.

Currently, Housing Board flats are taxed at up to 6 per cent of their annual values, which is calculated through what these units would fetch in the rental market.

Tuesday, 27 November 2012

Hougang Getting 3 Upgrading Schemes



Hougang getting 3 upgrading schemes

Six months after the Hougang by-election, the opposition constituency is being upgraded at a pace that has raised some eyebrows.

The Workers' Party (WP) stronghold, which has rarely benefited from national upgrading schemes in the past 20 years, is getting three of the programmes.

The Lift Upgrading Programme (LUP) is under way, while the Home Improvement Programme (HIP) and Neighbourhood Renewal Programme (NRP) were announced in August.