The move to fine-tune the total debt servicing ratio (TDSR) is clearly not a relaxation of cooling measures but is best seen as a step to avert hardship during an economic slowdown.
The amended refinancing framework announced by the Monetary Authority of Singapore (MAS) on Thursday will protect both banks and home owners, experts note. Continue reading
SINGAPORE – The Monetary Authority of Singapore (MAS) said on Thursday (Sept 1) it was fine-tuning the Total Debt Servicing Ratio (TDSR) rules to make it easier for borrowers with existing home loans to refinance their mortgages and pay off their debts at lower interest rates. Continue reading
SINGAPORE (BLOOMBERG) – The first sale of land in Singapore’s Marina Bay in nine years is set to fetch a bumper price as developers jockey for a piece of the sought-after financial district.
The 1.1 hectare plot may fetch more than S$1.8 billion, according to Cushman & Wakefield Inc., or S$1,200 per square foot of gross floor area. That would make it Singapore’s most expensive land sale since 2007, when the Asia Square Tower I plot sold at S$2.02 billion, or a rate of S$1,409 per square foot. Continue reading
SINGAPORE – CapitaLand will be launching on Saturday (Sept 3) Victoria Park Villas, a landed housing project in District 10.
The project comprises 106 semi-detached houses and three bungalows. Altogether, it takes up a 403,000 sq ft site at the junction of Coronation Road and Victoria Park Road. Continue reading
Raintree Gardens in Potong Pasir was put up for sale en bloc yesterday with a minimum asking price of $315 million.
The privatised Housing and Urban Development Company estate, which was built in the late 1980s, comprises 175 units across two 12-storey and one seven-storey maisonette blocks, with a land area of about 201,405 sq ft. It is zoned for residential use with a gross plot ratio of 2.8 under the Urban Redevelopment Authority’s 2014 Master Plan. Continue reading
SINGAPORE – Property owners can now access free information on their property on the Singapore Land Authority’s new online service, MyProperty.
The online service is available at www.sla.gov.sg/MyProperty and members of the public need their SingPass to log in.
To start with, property owners can view their title deeds and boundary plans on MyProperty. Additional features will be rolled out in phases, including online alerts to property owners of any document lodged against their property title and records related to their property including caveat and mortgage documents.
Currently, members of the public who wish to view a property’s title deed or any encumbrance, such as a caveat lodged against it, must purchase the information via SLA’s Integrated Land Information Service (INLIS) or over the counter.
A fee of S$5.25 to S$16 is payable depending on the type of information required and a person checking on his own property has to pay the same fees.
With the launch of MyProperty, property owners can now view their own title information without charge.
From Aug 31, the online service includes all private property titles and about 130,000 HDB property titles that have been digitised so far. The rest of the HDB property titles are expected to go online by end-2019, said SLA.
SINGAPORE – The Urban Redevelopment Authority (URA) launched on Tuesday (Aug 30) the sale by tender of a prime mainly office site at Central Boulevard in Marina Bay.
The sale of the “white site” was triggered by an application earlier this month from a developer, believed to be from mainland China, according to an earlier Business Times report. Continue reading