Since last year, many people always ask me when do I think the property market will drop. My answer is simple: “just look at the demand and supply”. Often, they will ask the second question, “Why the market hasn’t dropped?” “Because it takes time to build the house.” Here was the headline news […]
HDB Resale and Rental Market Update 2nd Quarter 2012
HDB has just released housing data for the HDB resale and rental market in the 2nd Quarter of 2012. HDB Resale Market HDB’s Resale Price Index (RPI) rose from 191.6 in 1st Quarter 2012 to 194.0 in the 2nd Quarter 2012, representing an increase of 1.3% over the previous quarter Resale transactions increased by about […]
Flash Estimate of 2nd quarter 2012 HDB Resale Price Index
HDB’s flash estimate of the 2nd Quarter 2012 Resale Price Index (RPI) is 194.0, an increase of 1.3% over 1st Quarter 2012 (see Annexes A-1 and A-2). The RPI provides information on the general price movements in the public residential market. Transacted prices of individual flats (by block and flat type) can be found on […]
HDB Standard Option to Purchase (OTP) Available for Download at HDB InfoWEB
To provide more convenience to buyers and sellers of HDB resale flats, the HDB standard Option to Purchase (OTP) form, the only form of contract in HDB resale transactions, is now available in the HDB InfoWEB for download. Buyers and sellers or their salespersons no longer need to obtain the pre-printed hardcopy OTP form from […]
Cash-Over-Valuation: How much COV should you pay for your HDB flat?
If you are an HDB buyer, you must know the word “COV”. It is a Singapore term, a.k.a. “Cash-Over-Valuation”. Being one of the kiasu parents, me and my wife intend to move to a house which is near our preferred school for our children. Although I have always been critical of unhealthy misconceptions of property […]
Where Is Property Price Heading To?
Singaporeans just have this obsession about “investing” in property. In January this year, Singapore government has already pushed hard to curb property speculation. Unfortunately, the public never got the message and property prices continued shooting up. Until mid of the year, new minister Khaw Boon Wan has publicly expressed his “worries about property buyers”. He wrote In his […]