Number of condos and private apartments
1999: 118,575
2004: 148,265
2009 (1st quarter): 174,243
Number of strata-titled (or multi-unit) residential developments
About 1,900. Most of them are apartments and condominiums.
The oldest strata-titled homes
Beng Tong Mansion, at 241-259 Tanjong Katong Road. Built in the late 1960s, this three-storey mixed development has shops on the ground floor.
Some of the oldest condos here Continue reading
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Posted in Property Market / Real Estate
Growth fuelled by home loans even as lending to businesses slows
BANK lending rose in June to the highest level in seven months as growth in home loans accelerated even as lending to businesses continued to slow.
The total amount of Singapore-dollar loans held by banks here grew by 0.5 per cent over the month to $272.2 billion at end-June, estimates from the Monetary Authority of Singapore show. That followed an expansion in overall bank lending of 0.3 per cent in May, fuelling optimism that both credit demand and supply could be recovering.
‘It’s not very dramatic, but it is one more sign of stabilisation in the economy,’ said David Cohen, director of Asian economic forecasting at Action Economics.
The main source of growth was consumer housing and bridging loans, which rose 1.5 per cent in June to $82.9 billion, after a 0.8 per cent increase in May. Continue reading
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Posted in General, Loan / Mortgage / Finance
Tagged General, Singapore Property Loan
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