Tag: trends

mas report home loan

MAS report: Singaporeans could face trouble servicing home loans in 2021

On 1 December, the Monetary Authority of Singapore (MAS) noted in its annual financial stability review that, as a result of an gradual uptrend in unsecured credit charge-off rate in Q3 2019, more households could “face difficulties in their housing payments” in the coming months. Examples of unsecured credit are credit cards and personal lines…

condo developers old landed properties

Homegrown condo developers are snapping up old landed properties. Here’s why

On 19 November, homegrown property and hospitality group Roxy-Pacific announced in a bourse filing that its wholly-owned subsidiary, RL East, will acquire a cluster of 15 freehold landed properties located in Geylang for $93 million. With frontage along Guillemard Road and within a ten-minute walk to Aljunied and Mountbatten MRT stations, the 3,450 square metre…

core central region ccr condos dyson penthouse loss

Core Central Region (CCR) condos: Is Dyson’s $11.8 million loss a warning sign?

The name Dyson has made news again in Singapore property: Just a little more than one year after purchasing the largest penthouse in the country at Wallich Residence for a record $73.8 million, the Dysons are now selling the Core Central Region (CCR) property at $62 million—incurring a $11.8 million loss, according to a Business…

extravagant developments

Whacky features part of package as developments court sales

Flying fox facilities, a boxing ring and movie theatres are on offer in new developments, as developers try to rev up sales amid a buying slump. New developments now come with quirky amenities to cater to buyers with specific and quality lifestyles, further distinguishing themselves from public housing flats. Gone are the days where a…

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