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
Saturday, 29 June 2013
Wednesday, 19 June 2013
Eunosville seeks $688m in collective sale bid
Here's the vital statistic of the of the Eunosville enbloc sale
News article here
Excel worksheet here
Related news
Yi Mei Garden Sold
Eunosville Enbloc Vital Statistics |
News article here
Excel worksheet here
Related news
Yi Mei Garden Sold
Sunday, 9 June 2013
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.
News article here
Tanjong Pagar will be the next hot spot.
Tuas Mega Port |
Tuesday, 4 June 2013
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.
Sunday, 2 June 2013
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.
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!
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!
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