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Category: PROPERTY

Posted on 03/07/2023

Shanmugam says he rented Ridout Road property to prepare for sale of family home, not profiting from rental

Law and Home Affairs Minister K Shanmugam also said he had taken steps “to deal with any perceived or potential conflict of interest” over his rental of the black-and-white colonial bungalow. ( read original story ...)

Posted on 03/07/2023

Singapore private homes see first quarterly drop in 3 years

Cooling measures, higher interest rates take toll on private residential prices which dropped by 0.4 per cent. Read more at straitstimes.com. ( read original story ...)

Posted on 03/07/2023

Over $500k SLA spent on 26 Ridout Rd was for ‘structural items’ and making property ‘habitable’: Edwin Tong

The cost incurred by the Singapore Land Authority (SLA) for the improvement and maintenance works for 26 Ridout Road was to ensure the property was habitable, said Second Minister for Law Edwin Tong ... ( read original story ...)

Posted on 03/07/2023

Singapore names Deputy Prime Minister Lawrence Wong as chairman of the central bank

The Monetary Authority of Singapore named Deputy Prime Minister Lawrence Wong as Chairman of its Board of Directors effective July 8. ( read original story ...)

Posted on 03/07/2023

Singapore home prices ease slightly for first time since pandemic began – as public housing posts more gains

Private property values slid 0.4 per cent in the second quarter of this year – the first decline since the outbreak of the pandemic. Resale prices for public housing, meanwhile, recorded their 13th ... ( read original story ...)

Posted on 02/07/2023

MAS’ and other central bank moves are massively overrated

EUROZONE and UK interest rate hikes continue, the latter with a surprise 50 basis points in June. Meanwhile, US Federal Reserve chair Jerome Powell has hinted at more hikes ahead. Read more at The ... ( read original story ...)

Posted on 02/07/2023

Dissecting the controversies surrounding the Ministers’ rental of Ridout Road properties from Singapore Land Authority

Opinion: Unraveling questions over rental processes, clearance of land, property improvements, and possible preferential treatment in ministers' rental of Ridout Road properties from Singapore Land ... ( read original story ...)

Posted on 01/07/2023

Buy a S$10 power bank or pay more? Your safety may depend on it, among other things

Cost may be a factor when buying a power bank. But does price correlate with how safe these portable chargers are? The programme Talking Point has some of them stress-tested, with varying results. ( read original story ...)

Posted on 30/06/2023

How to lower property prices in Singapore: More loan curbs or ABSD?

The Additional Buyers Stamp Duty (ABSD) is seen as a core component of cooling measures. Every time prices creep too high, we see the government ramp up ABSD — most recently on April 27, when the ABSD ... ( read original story ...)

Posted on 27/06/2023

MAS proposes to increase insurance coverage on bank deposits to $100,000 from $75,000

The proposed change will result in 91 per cent of all depositors being fully covered by deposit insurance. Read more at straitstimes.com. ( read original story ...)

Posted on 27/06/2023

East Vs. West of Property Investing. Will the Two Meet?

US real-estate investment trusts prefer internal managers, but Asian REITs mostly outsource the job. A Singapore activist investor is pushing for convergence. ( read original story ...)

Posted on 26/06/2023

CNA Explains: Renting a black-and-white house in Singapore

In the last six months, two black-and-white bungalows in Singapore were rented for more than S$30,000 per month. ( read original story ...)

Posted on 24/06/2023

Housing Affordability in 2023: Is Singapore Property Truly Unaffordable?

Housing affordability in Singapore has been a hot topic. In an article published in The Business Times, Dr Lee Nai Jia, Head of Real Estate Intelligence, Data and Software Solutions, PropertyGuru ... ( read original story ...)

Posted on 23/06/2023

Seven arrested for allegedly selling, renting Singaporean bank accounts to scammers

Seven men have been arrested for their alleged involvement in various scams including fake friend calls, investments, jobs, and the impersonation ... ( read original story ...)

Posted on 23/06/2023

‘Add’ these three property names as Singapore releases highest residential land supply since 2013: CGS-CIMB

With the government releasing the highest residential land supply since 2013, CGS-CIMB Research analyst Lock Mun Yee remains “neutral” on the property development and investment sector. ( read original story ...)

Posted on 21/06/2023

Singapore Is Now the Most Expensive City in the World for Luxury Lifestyles

According to the report, things such as owning cars and premiums on health insurance are more expensive in Singapore than anywhere else in the world. The above-mentioned are part of 12 other consumer ... ( read original story ...)

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