Daily Archives: 8 Aug 2009

Project may add to charms of Seletar Hills

Posted on 8 Aug 2009 | Comments Off on Project may add to charms of Seletar Hills

URA to put commercial and residential site up for tender later this month

LOOKING for a new condominium project nestled in the quiet Seletar Hills Estate and in close proximity to roti prata outlets in the Jalan Kayu area, fish farms and The Animal Resort? A new condo with about 225 units could be ready for launch in about a year.

It will come up on a 99-year leasehold plot on the government’s reserve list that will be launched for tender by the Urban Redevelopment Authority in about a fortnight.

The 2.1 hectare site will also have a commercial component of up to 48,438 square feet gross floor area. Analysts say the commercial component, which could take the form of a small mall, would provide much needed Continue reading →

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Posted in Property Market / Real Estate

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Breath of fresh air in home loans market

Posted on 8 Aug 2009 | Comments Off on Breath of fresh air in home loans market

Banks slash spreads on Sibor-pegged loans; 80 and 90% property financing now available

CREDIT conditions have eased markedly in the competitive home loans market, thanks to improved confidence and liquidity in the property sector. Banks have slashed the spreads they charge on Sibor-pegged loans, and mortgage brokers report the renewed availability of 80 and 90 per cent financing for property.

This is in sharp contrast to the backdrop that prevailed in the first quarter when amid gloom over the economic outlook and falling home price valuations, banks reportedly tightened lending criteria.

At that time, the spread on Sibor loans soared past 1.75 per cent depending on the loan-to-value ratio and whether Continue reading →

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Posted in General, Loan / Mortgage / Finance

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