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Gambling tycoon Stanley Ho buys bungalow from descendants of Tan Tock Seng for $145m
Gambling tycoon Stanley Ho buys bungalow from descendants of Tan Tock Seng for $145m

24 May 2016

Shun Tak Holdings, a company founded by gambling billionaire Stanle...


8,940 BTO flats launched for sale
8,940 BTO flats launched for sale

24 May 2016

A total of 8,940 flats were launched by HDB under the build-to-orde...


Privatised HUDC estates have gone en bloc
Privatised HUDC estates have gone en bloc

23 May 2016

Five privatised Housing and Urban Development Company (HUDC) estate...



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Singapore Property News

Home price rise reflects demand, not a bubble: DBS

Price rise reflects people genuinely buying homes to upgrade and move into

The Business Times - January 13, 2010
By: Conrad Tan

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Home price rise reflects demand, not a bubble: DBS

THE recent sharp rise in private home prices here is not yet indicative of a bubble and prices could increase further, DBS Group research head Timothy Wong said yesterday.

'In the mass market, what you are seeing is real end-user demand that is catching up,' he told reporters at a briefing to present the group's economic outlook and investment strategy for the year.

'If you look at affordability levels, the average cost to service a mortgage taken against the median wage is about 30 per cent, which is fairly stable. When it moves up to 50 per cent, you know you have a bubble forming.

'So we're not really at a bubble stage yet. I think the last time we had a major bubble was probably in 1995-96, when queues were forming outside showflats and people were buying three or four properties at one go.

'This time, it's more circumspect - there are some speculators out there, but by and large people are genuinely buying homes to upgrade and move into,' Mr Wong said.

'Rental yields have come down, because they were exceptionally high at about 4-5 per cent, now they're about 3-3.5 per cent. If they got down to one per cent, I would say that represents a bubble.'

The group's research team expects high-end private home prices here to rise a further 10-15 per cent this year, while mid-tier home prices are expected to rise 5-10 per cent. It expects any increase in the price of mass-market private homes and public housing to be relatively muted.

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Gambling tycoon Stanley Ho buys bungalow from descendants of Tan Tock Seng for $145m

Gambling tycoon Stanley Ho buys bungalow from descendants of Tan Tock Seng for $145m

The Business Times - 24 May 2016

Shun Tak Holdings, a company founded by gambling billionaire Stanley Ho, has made its first foray into the Singapore property market.


Stars of Kovan: Lower than average indicative prices

Stars of Kovan: Lower than average indicative prices

The Business Times - 23 May 2016

60 units of private condominium project Stars of Kovan have been at an average price of S$1,408 per square foot - lower than the average pricing that it had indicated ahead of the VIP pre-sale over the weekend.


8,940 BTO flats launched for sale

8,940 BTO flats launched for sale

The Business Times - 24 May 2016

A total of 8,940 flats were launched by HDB under the build-to-order (BTO) and sale of balance flats (SBF) exercise in May, with one-quarter of the BTO flats located in the popular mature estates of Ang Mo Kio and Bedok.

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Fund said to be selling Grange Infinite units

The Business Times - January 12, 2010

By: Emilyn Yap