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Singapore property market news and tips: August 2013

Deborah Law the Executive Director of Expat Realtor provides regular advice on navigating the property market in Singapore.

Last year’s cooling measures seem to be keeping the market stable; in the first half of 2012, only about half as many foreigners bought homes here. Further government measures seem unlikely at this stage, though some people are buying now – just in case.

The Singapore property market is kept going by Singaporeans’ apparent love of buying property, high liquidity and low interest rates; and preliminary Q2 figures show a 0.4-percent increase in private residential prices. Though buyers are seeking out value-for-money opportunities in mid- to high-end resale properties, new mass-market projects in the outer regions have also been doing well and these should boost figures in the months to come.

With a large number of new-builds coming onto the market during this second half of the year, we expect the sales market to remain stable and rentals to decline slightly. Happy hunting!

www.expatrealtor.net

PRIVATE RETREAT

Singapore property market news and tips: August 2013 

Total privacy awaits you at this two-storey Good Class Bungalow perched on a quiet, elevated cul-de-sac. Behind large gates, it cannot be seen from the road.

Immaculately manicured gardens, pristine patios and a swimming pool with a large gazebo and whirlpool spa add to the attractiveness of this property.  The family-sized kitchen is bright with large windows looking onto the garden and the pool. Seven bedrooms mean there is plenty of room for a study, and perhaps a home theatre. 

$30K RENT

District: 11

Size: 9,000 sq. ft

Bedrooms: 7+1

Type: Bungalow

RARE & CENTRAL            

Singapore property market news and tips: August 2013 

This sixth-floor unit in a very sought-after condo is bright and breezy, with views of greenery from the living room and balcony. Previously owner-occupied, it has been maintained to a high standard and is in excellent condition. It has three bedrooms of a good size, three bathrooms, a large kitchen and a helper’s room.

This rare find is located very centrally to Orchard Road, Stevens Road and Bukit Timah Road. Full condo facilities include barbecue pits, a fitness corner, a gymnasium, a swimming pool and 24-hour security.

$4.6K RENT

District: 10

Size: 1,300 sq. ft

Bedrooms: 3

Type: Condo
 

DESIGNER TOUCH

Singapore property market news and tips: August 2013 

Great location! This three-bedroom apartment has a study and balcony and has been renovated to capitalise on its size, décor and furnishings.

Ideal for a single person, couple or small family looking for a home that is within walking distance of Orchard Road and amenities such as the Dhoby Ghaut and Somerset MRT stations and Plaza Singapura. The condo facilities are top-notch and include a separate lap pool for those who swim for exercise.

$7K RENT (neg.)

District: 9

Size: 1,206 sq. ft

Bedrooms: 3

Type: Apartment

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