As property prices continue to rise, even in the HDB (Housing Development Board) market, the government has introduced its sixth residential property cooling measure. This includes restrictions on the tenure of loans to a maximum of 35 years and higher LTV (loan-to-value) limits up to 40 percent on loans that exceed 30 years.
It makes sense: with low interest rates, easy credit ratings and high liquidity there is potential for a property bubble burst which would hurt borrowers and destabilise the financial system. And if current measures aren’t enough to keep prices stable, the government may step in again.
Q3 saw private resale non-landed properties doing better than new sales; their prices hit a historic high of $1.156psf, with the rest of the central region (outside Districts 9, 10 and 11, Sentosa and the downtown core) posting the strongest quarterly gain at 7.1 percent, and the core central region increasing by just 0.75 percent. Rental yields remained stable at four percent.
Beautifully renovated two-storey penthouse with high ceilings, alfresco dining area, two balconies, and an outdoor patio off the master bathroom. Tastefully designed and furnished, it’s perfect for an expat family. Close to UWC Southeast Asia East Campus and Changi Business Park.
Size: 1,991 sq. ft
Type: Condo penthouse
The perfect place for a couple or family, this development offers a beautiful combination of tropical landscape and modern architectural design. It’s just a stone’s throw away from Novena MRT and a few minutes’ drive from the Orchard vicinity.
Partly or fully furnished, this nicely renovated unit has three good-sized bedrooms, one with an en suite bathroom, and one common bathroom. The living and dining areas have full-height, double-glazed windows that bring in extra light and enhance the view.
Size: 1,259 sq. ft
On top of Holland Hill, this tranquil and affordable unit is tucked away amongst lush greenery, yet is only a 10-minute walk away from the ever-popular Holland Village and hip Dempsey Hill’s shopping, dining and entertainment. To work off all that eating and partying, go for some morning or evening exercise in the Botanic Gardens, just a stroll away. It’s only five-minute drive to Orchard Road and ten minutes to the CBD. Nearby MRT stations include Holland Village and Farrer. The unit is spacious, well laid out and well maintained; it offers full condominium facilities.
Size: 1,701 sq. ft
This spacious renovated apartment comes with quality appliances including a fridge, a dishwasher, a washing machine and a tumble-drier. Located near a range of amenities and international schools such as the Swiss School, German European School and Hollandse (Dutch) School, this is condo living that offers space, greenery and luxury.
Size: 1,658 sq. ft