News by M

THE strong bids for the Toh Tuck Road site on April 11 and high developers’ sales numbers unveiled by URA on April 17 are more signs that the Singapore residential market may be turning the corner, says JLL.

SALES of new private homes surged to a four-year high last month when some property cooling measures were adjusted for the first time since they were rolled out in 2009.

Some members of The Real Estate & Housing Developers’ Association Youth section (Rehda Youth) drew lessons in planning for vertical spaces and projects during its April study tour of two projects in Kuala Lumpur.

S P Setia Bhd has launched a differential sum loan scheme called Setia Express Advance Loan (SEAL), that offers purchasers of its properties lending rates as low as 5.5% per annum and loan amount of up to 30% of the intended property’s purchase price. The move is aimed at helping eligible purchasers of completed S P Setia properties to bridge the financing gap between the purchase price and the purchaser’s end-financing loan amount.

S P Setia Bhd has launched the Gloris Collection, the third and final phase of the Horizon Residences at Setia EcoHill, Semenyih last weekend.

The TEP360 seminar on April 8, entitled “Navigating through turbulent times”, was attended by about 350 participants. Of great interest to homeowners and investors is what opportunities are out there, given the current market uncertainty.

The most crucial factor in securing a housing loan with the desired financing margin is to have a high debt service ratio, according to Malayan Banking Bhd (Maybank) head of consumer finance Abdul Razak Mohd Nordin.

Property transactions are down, office occupancies are down, unsold units are up — things certainly didn’t look good in 2016, according to the Malaysian Property Market Report 2016 released by the Valuation and Property Services Department (JPPH) early this week.

In a landmark ruling, the Federal Court had yesterday decided that only constitutionally appointed judges can decide on compensation in land acquisitions.

UOA Real Estate Investment Trust (UOA REIT) is putting future property acquisition plans on hold this year due to the subdued market and also because the assessments and due diligence for such transactions will take time.