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Park 1 Suites

One in five households in Singapore to be occupied by just one person by 2030

Morgan Stanley expects S'pore property prices to double by 2030 Romesh Navaratnarajah • April 17, 2017 With the property market closer to a bottom, Morgan Stanley expects property prices in Singapore to double by 2030, which works out to a five to six percent increase per annum, reported CNBC. This comes as the expected increase in transaction volume this year will spur property prices higher in 2018, the bank said in a note last week. Singapore saw private home prices drop 0.5 percent quarter-on-quarter in Q1 2017, or its 14th consecutive quarterly decline. Despite this, Morgan Stanley believes there are already signs of improved buyer sentiment. Park Place Residences, for instance, sold its entire phase one comprising 50 percent of the total 429 units within a day. Supply is also poised to decline 40 percent each year from 2017 to 2018. Notably, private residential supply added about 20,000 units per year from 2014 to 2016, or double the historical average since 1990. And unlike

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Get the Guru View: Swinging home ownership for singles

Get the Guru View: Swinging home ownership for singles Contributor  •  February 24, 2017 For many singles, home ownership provides independence and privacy With the vast majority of housing policies focused on marriage and families, singles often feel left out. At the same time, price levels in the private market have prevented many with single incomes from entering it, or limited options towards the smaller units. By Chang Hui Chew In the final days before this article went to print, Finance Minister Heng Swee Keat announced the increase of CPF Housing Grants for first-time home buyers purchasing HDB resale flats. While the announcement largely focused on young couples, the state also increased the grant for singles from $15,000 to $25,000, when purchasing four-room flats or smaller units. Singles in Singapore often feel left out of the state's policies on public housing. With the prospect of applying for flats before one hits the ripe, but not so old age of 35, reserved only for

TOP in Jan 2017

168 units Derbyshire Rd, 6 Derbyshire 512 units Hillview Ave, Kingsford Hillview Peak 39 units Lor 6 Geylang, Treasures @ G6 56 units Kee Seng St, Onze @ Tg Pagar 171 units Lew Lian Vale, Jade Residences