Category Archives: Property Market / Real Estate

The great show flat illusion

nothingYou may have heard of how some home buyers, when collecting the keys to their prized apartments, were left disappointed when their units turned out to be much smaller than the show flats had seemed.

“When you go into the show flat and everything is very nice, sometimes you get distracted and mundane details like storage space does not cross your mind,” said Ngee Ann Polytechnic real estate lecturer Nicholas Mak.

“Mirrors ca be a sense of space”

Here’s what to look out for so that you don’t get cornered into a shoe box when you collect your apartment keys.

1. Mirrors

Arguably the fairest of all interior design tricks, mirrors are used liberally in show flats to make units look bigger with reflections creating illusions of spaciousness. Unless you’re ready to install mirrors in the same fashion, remember to rip these off from the walls of your dream apartment.

2. Glass walls

Some developers install glass walls in show flats to create an illusion of space between two rooms, particularly between the living room and the nearest bedroom. These glass walls typically have a label on them saying something along the lines of “This is a partition wall”. Ask if the unit you’re eyeing will also have these glass walls or they may well be the standard concrete walls instead. Continue reading

URA’s private home price index up 15.8% in Q3

The official private home price index rose 15.8 per cent in third quarter 2009 over the preceding quarter, according to latest data released by Singapore’s Urban Redevelopment Authority on Friday.

Click here for URA’s news release

URA’s price indices for office, shop and industrial properties decreased by 2.1 per cent, 1.2 per cent and 2.1 per cent respectively over the same period.

The planning authority’s Q3 2009 data also showed that rental indices of private residential, office, shop and industrial properties eased 2.2 per cent, 4.1 per cent, 0.9 per cent and 3.1 per cent respectively in Q3 over Q2 this year.

‘The rates of fall of rentals for all property types in Q3 2009 have moderated compared with the respective rates of fall in the Q2 2009,’ URA said in its release.

URA also provided a breakdown of prices of private homes. Its indices for non-landed private homes in the Core Central Region jumped 15.2 per cent in Q3 over Q2, while the price indices for Rest of Central Region and Outside Central Region rose 18.5 per cent and 16.1 per cent respectively.

In the landed housing segment, the price indices for detached, semi-detached and terrace houses increased by 15.6 per cent, 13.4 per cent and 15.1 per cent respectively quarter on quarter in Q3.

Source : Business Times – 23 Oct 2009