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Subscribe to this list via RSS Blog posts tagged in Outside Central Region OCR

Property cooling moves show results

Posted by Property Launch Invest on Wednesday, 04 December 2013 in Property News

The government's measures to cool the residential property market have had significant impact: Transaction volumes have plunged, new home loan sales have contracted and loan-to-value (LTV) ratios have improved.

"The series of property-related measures taken by the government over the past few years has dampened momentum in the market," said the Monetary Authority of Singapore Financial Stability Review 2013 yesterday.

But the government remains vigilant as price levels remain high, it said.

Bidadari Future Development

Posted by Property Launch Invest on Saturday, 23 November 2013 in Property News

Singapore is one of the most crowded cities worldwide. Because of government assistance, through Housing and Development Board (HDB), having a home you can consider as your own is not anymore a problem.

Bidadari Future Development is one of the projects of the Housing and Development Board of Singapore Government duly supported by Minister for National Development Khaw Boon Wan. The aim of this project is to provide public housing estates with a quality residential environment to the residents of the state. HBD is continuously paying attention to innovative housing ideas to provide elegant and viable homes in the central community towns to promote societal interaction between the residents and nurture strong community relationship.

OCR completed condos fared better

Posted by Property Launch Invest on Wednesday, 09 October 2013 in Property News

In the private residential segment, the prices of completed, non-landed private homes in the Outside Central Region (OCR) led fourth-quarter gains, rising 5.6 per cent quarter-on-quarter in the fourth quarter last year.

In the price indices compiled by the Urban Redevelopment Authority (URA), the index for uncompleted homes in the OCR inched up at less than half the pace: 2.4 per cent.

The OCR covers suburbs such as Punggol, Woodlands and Jurong, where mass-market condominiums are located.
This pattern - where the rise in price was higher for resale, non-landed homes than for uncompleted ones - was generally replicated across the island in 2012.

First six Downtown Line MRT stations to open 22 December

Posted by Property Launch Invest on Monday, 07 October 2013 in Property News

Yahoo Newsroom - A map of the upcoming Downtown Line, the first six stations of which are slated to open on 22 December. (Photo courtesy of LTA Singapore)
The first six stations of the $20.7-billion Downtown Line in Singapore are slated to open on 22 December, local media reported on Monday.

The stations, which comprise the first stage of the line, are Bugis, Promenade, Bayfront, Downtown, Telok Ayer and Chinatown.

More land to be freed up as population grows.

Posted by Property Launch Invest on Tuesday, 24 September 2013 in Property News

SINGAPORE — The Republic’s shoreline will be extended by land reclamation, some areas used for military training will be developed for other uses and golf courses will make way once their leases expire.

These are some of the methods the Government will employ to free up land to build more homes — including in three new towns and four new housing estates — and infrastructure to support the projected growth in the population size in the decades ahead.