Singapore Real Estate Private property developers say sales slowing down The private residential market is showing signs that the recent measures implemented are having some effect. Developers of a recently-launched project - The Santorini, located in Tampines - said while there were many visitors at the showroom, few actually signed on the dotted line.Source: Channel News Asia / Singapore SINGAPORE: The private residential market is showing signs that
the recent measures implemented are having some effect. Developers of a recently-launched project - The Santorini, located in Tampines - said while there were many visitors at the showroom, few actually signed on the dotted line. The project was launched on Saturday, and some 40 percent of its units have been sold. Developers said as it now takes a longer time to sell the units, they are now selling as they build. "Especially with this total debt servicing ratio, buyers are now very careful when they purchase properties," said Tan Zhiyong, general manager of MCC Land Singapore. "They will go to the banks to check if they can afford these properties, and that takes time.” Donald Han, managing director of Chesterton Singapore, said: "Generally, in what we have seen in recent launches, there tends to be good take-up for 1-2 bedroom (units). This comes to a total quantum of less than a million per unit. So there seems to be still a strong demand for smaller units.” The government has launched seven rounds of cooling measures but land prices have shown no signs of easing. Some developers attribute this to the limited supply of land released, resulting in high bids from developers. - CNA/xq http://www.channelnewsasia.com/news/singapore/private-property/1053712.html Real Estate Companies' Brief Temasek opens London office Source: Straits Times Temasek has set up a European office in London to help with its forays into the continent and beyond - the Middle East and Africa. Prime Minister Lee Hsien Loong, who opened the office last Friday, said it reflects Temasek's confidence in opportunities in Europe, and Africa's long-term potential.
http://www.straitstimes.com/archive/sunday/premium/news/story/temasek-opens-london-office-20140330 Views, Reviews & Forum Fund for ideas to improve HDB living Source: Straits Times Anyone with an innovative idea of how to improve public flat living can now tap a $500,000 government fund to help turn their solutions into reality. It will match, dollar for dollar, the money that investors put into a project, up to a cap of $10,000, Minister for National Development Khaw Boon Wan said yesterday.
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