Fresh curbs on property loans

The 8th cooling measure (CM8) was announced last Friday evening by Monetary Authority of Singapore. Among other things, the borrowers now will have to be named as owners of the property. Banks must take into account a borrower's outstanding debts, including non-property ones such as a car loan, when granting him a property loan.

Read article here

Press release from MAS

Eunosville seeks $688m in collective sale bid

Here's the vital statistic of the of the Eunosville enbloc sale




Eunosville Enbloc Vital Statistics

News article here

Excel worksheet here

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Yi Mei Garden Sold

The next big thing - ports consolidation

Some time back, there was an article published on the consolidation of all existing ports to Tuas mega port. Currently, there are 5 container ports - Brani, Keppel, Tanjong Pagar, Pasir Panjang T1 and T2. The consolidation will pave the way for the development of the next waterfront city at Tanjong Pagar that rivals the current Marina Bay. Potentially, land at Keppel and Tanjong Pagar could be very valuable due to the proximity to the city. The news on the ports consolidation coupled with the relocation of the former Railway Station will further enhance the value of Tanjong Pagar.

Tanjong Pagar will be the next hot spot.

 

Tuas Mega Port

 

News article here

Land use beyond 2030

Earlier this year, the Ministry of National Development has released the land use plan to support Singapore future population. The map released by MND illustrates the possible use of land beyond 2030. Here are a few interesting points to note from the map.

1.      There will be more land reclamation around the island to support the increase in population. The whole stretch of the current East Coast will be pushed out at least 1km into the sea.

2.      There will be a North Coast Innovation Corridor (comprising Woodlands, Seletar and Punggol) to support the north eastern residential region.

3.      Take a closer look at the map. Do you see a road leading to Pulau Ubin and Pulau Tekong? There may be plans beyond 2030 to develop the two islands into residential zone.

 

Check out the source from MND.

News article here

 

Cross Island Line

The Cross Island Line is by far the longest MRT Line when completed in 2030, spanning more 50km across the island from East to West. One very interesting point to note is, the line is bypassing the Central Business District. In the past all MRT Lines pass through the CBD. What is the impact of this move? In future, the CBD may be decentralized to other regions such as Woodlands and Jurong Lake District.

View article here.

Introduction

Dear friends and clients,

This blog is created to share with you regarding some hot property news. This is a subject which is close to everyone's heart. Some of the comments and opinions are formed by me and they are by no means 100% accurate. If you have any comments, do bring them up for discussion. Cheers!