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Wednesday, Sep 26, 2012 SINGAPORE - The Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing two executive condominium (EC) sites and a residential site for sale in September this year to provide developers and home-buyers with more choices for private housing. The two EC sites at Sengkang West Way / Fernvale Link (Parcel B) and Pasir Ris Drive 3 / Pasir Ris Rise were launched for sale under the Confirmed List today. The residential site at Alexandra View (Parcel B) has been made available for application on the Reserve List system. The land parcel at Sengkang West Way / Fernvale Link (Parcel B) has a site area of 14,100.8 sq m and a maximum allowable GFA of 42,302.4 sq m. It is expected to yield 420 dwelling units for a lease term of 99 years. This development site is located at the junction of Sengkang West Way and Fernvale Link. It is a short walk away from the Layar LRT station. Other amenities include the soon-to-be

The Business Times Tuesday, Sep 25, 2012 SINGAPORE - Heron Bay executive condominium (EC) in Upper Serangoon View, one of the more lavish EC projects, drew 1,664 applications for its 394 units after the one-week e-application closed on Sunday. This translates to approximately 4.2 applicants for each unit, the highest subscription rate for an EC over the past few years. According to Vincent Ong, managing partner of Evia, a partner in the development consortium, the project's luxury features on an EC budget is what makes it so appealing. Units are priced between $715 and $720 per square foot on average. The smallest unit, at about 775 sq ft, is expected to cost around $560,000, while the five-bedroom penthouse has an area of 2,841 sq ft and is expected to cost between $1.5 million and $1.6 million. The five-room penthouse units are a first for an EC development. Applicants for the units range from young couples to multi-generational fa

Monday, Sep 24, 2012 SINGAPORE - More than half a billion dollars have been collected from the additional stamp duties imposed as part of property cooling measures. Out of these half a billion dollars, $450 million were collected from the additional buyer's stamp duty between Dec 8 last year and the end of last month. The remaining $51 million come from the seller's stamp duty ever since it was implemented in February 2010, the Inland Revenue Authority of Singapore (IRAS) told The Straits Times. It collected about $2.5 billion in stamp duty from sale and purchase agreements in the financial year ended Mar 31, 2011. About $261 million of the ABSD take came from foreigners who are not permanent residents (PRs). They bought 1,400 homes in the nine months leading up to the end of August. They make up a quarter of the buyers who have paid the additional tax. The English daily said these figures reflect foreigners' warming sentiment

04:45 AM Sep 28, 2012 SHANGHAI - China has sufficient land supply for residential projects and there are no signs of the market overheating, the Shanghai Securities News reported yesterday, citing an unnamed official from the Ministry of Land and Resources. While the pace of land transactions has picked up in the last two months, the base prices and premiums have been in line with general trends, said the official. In last month and this month, the number of land transactions at higher than average prices fell, and premiums were lower than the records set during the same period a year earlier, the official said. In May and June, there were a few cases of land transacted at high prices but they were at good locations where land was scarce, the official said, adding that they were mainly for commercial use and so would have little impact on the housing market. In June, Chinese property developer Evergrande Real Estate Group set a record for land prices

Posted: 27 September 2012 1344 hrs SINGAPORE: The Housing and Development Board (HDB) is increasing its new flat supply for 2012 by 2,000 units, boosting the number of Build-to-Order (BTO) flats for the year to 27,000 -- up from the originally planned 25,000. This is the biggest ever launch of new flats in a year. The news comes as HDB launched on Thursday 7,055 flats for sale under the joint BTO and Sale of Balance Flats (SBF) exercises in both non-mature and mature towns. More than half of them (3,727 units) are from seven new BTO projects. They are spread across two non-mature estates of Choa Chu Kang and Woodlands, and three mature towns of Ang Mo Kio, Kallang-Whampoa and Tampines. The remaining 3,328 flats on offer are balance flats -- ranging from studio apartments to executive flats -- from previous launches. HDB said another 6,400 BTO flats will be launched in November. It said the ramp-up of HDB flat supply would further help

27 September 2012 0158 hrs WASHINGTON: Sales of new homes in the United States slipped slightly in August from July, the Commerce Department said on Wednesday, but prices rose as supplies remained tight against firming demand. New home sales ran at an annual pace of 373,00 units last month, just 1,000 below the July pace. But that was still nearly 28 percent higher than a year earlier. Home prices were significantly higher, a sign of the tightness in the market as the supply of new housing stock available running at just 4.5 months of demand, the same as July but much lower than the 6.6-month supply in August 2011. The median price for homes sold in August was $256,900, compared with $231,100 in July and $219,600 a year earlier. The average price also picked up, to $295,300 from $270,600 in July and $259,300 a year earlier. Martin Koh | 86666 944 | R020968Z Sherry Tang | 9844 4400 | R020241C Senior Sales Director Email: marshe_in