Daily Archives: 22 Aug 2009

Homes near MRT stations on right track

Posted on 22 Aug 2009 | Comments Off on Homes near MRT stations on right track

They are easier to rent out; fetch higher prices

TWO property developers were recently in the spotlight for including unconfirmed locations of future MRT stations in their condominium advertisements.

The incident clearly highlighted the popularity of housing developments located near MRT stations.

Property agents say the benefits of such a location are myriad, though buyers can expect to pay significantly more for such properties.

‘Singapore has a very comprehensive MRT network which is constantly being expanded, and being near an MRT station will reduce travelling time,’ said Mr Eugene Lim, associate director of ERA Asia Pacific. He added that this is a key factor in the attractiveness of such properties to owner-occupiers and tenants. Continue reading →

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Posted in Property Market / Real Estate

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More homes in the pipeline

Posted on 22 Aug 2009 | Comments Off on More homes in the pipeline

More than 40,000 units are due to come onto the market over the next few years

PROPERTY supply is not a problem, according to National Development Minister Mah Bow Tan. He believes that there are plenty of homes in the supply pipeline for Singaporeans, pointing out at a recent event that more than 40,000 units are due to come onto the market over the next three or four years.

The latest market data certainly supports his view. Figures from Savills Research and Consultancy point to a healthy stream of launches.

It says 5,753 units will become available in the second half of this year and 5,576 units next year. In 2011, 13,418 will be launched; 13,751 in 2012; and 11,058 in 2013.

Of those becoming available between this year and 2012, the bulk – 52 per cent – will be in prime districts 9, 10, 11 and 15, which analysts suggest is Continue reading →

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Posted in New Launches

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