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10 Sep 2013

TDSR casts shadow over sales at new launches

Source: Business Times

By: kalpana-rashiwala

The response to last week's launches of The Glades in Tanah Merah and The Skywoods in the Dairy Farm area shows just how severely the new loan curbs have affected private home sales. Not only were sales relatively weak but they also seemed to have pretty much stalled after the first day of booking. Keppel Land said that it had sold around 80 units at 99-year-leasehold The Glades, next to Tanah Merah MRT Station.

Loan restrictions dampen post-Hungry Ghost home sales

Source: Today 


The usual spike in private property sales associated with the end of the Hungry Ghost Month may be more muted this year as the market is still coming to terms with the impact of the recent introduction of new loan restrictions. There was a flurry of activity over the weekend, with a number of condominium launches and previews, but analysts said this might not translate into the sudden, big increase in sales that is often seen at this time of year.

Belmont Road GCB put up for sale at $50m or $1,890 psf

Source: Business Times


A good class bungalow (GCB) at 74 Belmont Road is up for sale at about $50 million - or $1,890 per square foot (psf) of land area. For sale by expression of interest, the property sits on a land area of 26,455 square feet. According to marketing agent Savills, the land is "regular in shape and well undulated". Sitting on the plot is a 16,200 sq ft home that comprises a main house and a self-contained guest house. Designed by Lekker Design, the property was completed in 2009 and is suitable for multi-generational living.

Short-term home rentals illegal, warn authorities

Source: The Straits Times
By: By Mok Fei Fei

Rising numbers of holidaymakers around the world are using Internet booking sites to stay in homes as a cheaper, more interesting alternative to hotels, including in Singapore.

But this is illegal here, the authorities have warned home owners. Renting out a room or a whole unit short-term is in breach of private and public housing rules, and owners can face tough penalties if they are caught doing so.

The Housing Board, which has stepped up enforcement on what it called "transient subletting" since the start of last year, noted that short-term home rental is a recent phenomenon.

Last year, it received 20 complaints from the public on short-term leasing. This year, in the first seven months, it had another 11 cases.