Last June’s introduction of the Total Debt Servicing Ratio on top of previous cooling measures saw the number of sales transactions plunge, some say as much as 40 percent. The measures have definitely worked and some would say the market is positively freezing.
However, it is hard to keep the Singapore market down for long, and foreign buyers seem to be stepping back into the private sales market. Specifically interested are permanent residents (PRs) who are choosing to buy instead of rent. New PRs, who now have to wait three years to buy an HDB (Housing Development Board) flat, are also turning to the private market.
Rentals are staying soft with more supply than demand, although popular condos that are at high capacity have been able to keep their prices stable.
This spacious, modern terraced house has three storeys plus a basement with a maid’s area. Set in a quiet cul-de-sac close to amenities including shops and parks, and Stamford American International School, it features a large, bright living area with patio and garden, and a huge master bedroom with a spacious ensuite featuring quality fittings.
Size: Approx. 4,466 sq. ft
Renovated by its Swedish owners who are relocating, this practical, fully furnished, pool-facing apartment on a high floor is ideal as an investment or to move into straight away.
The apartment is located 120 metres from Simei MRT station. It is ten minutes from Expo and Changi City Point, where Singapore’s fourth university is located, and United World College’s East campus is also nearby; so it is perfect for people who work or study in the area.
Built in 2003, Tropical Spring is a low-density condo with a large pool, tennis courts, a gym, two barbecue pits, a function room and a karaoke room. It is beautifully maintained and well presented.
Size: 1,529 sq. ft
Type: Condo (fully furnished)
Berth by the Cove
Sea views and a breezy, bright apartment await you in the sought-after, family friendly Berth By The Cove condo on Sentosa Island. It is close to the shops and restaurants of both the marina and the Quayside Isle area. There are numerous recreational facilities and activities on the island, such as Resorts World Sentosa, the beautiful Siloso Beach and the 18-hole Sentosa Golf Club.
Size: 1,410 sq. ft
A rare opportunity to rent a spacious, well-maintained, two-storey penthouse with four bedrooms in a quiet area. The high floor ensures great views and a fabulous breeze.
Facilities include a large lap pool, tennis courts, a gym, gardens, barbecue pits and a club house. It’s only a five-minute walk to Marymount MRT station, 10 minutes from Junction 8 shopping centre at Bishan and an eight-minute drive to St Joseph’s International School.
Size: 2,367 sq. ft