Uncategorized
Most Expensive City
According to a recent Worldwide Cost of Living Survey for 2015, published by EIU (Economist Intelligence Unit), and which tracked a total of 133 Plantation Close EC global cities, …
JLL Public Auction
At a public auction conducted by JLL at the Amara hotel last Thursday failed to generate any …
2 room BTO Flats
Singles will be able to purchase more to room 2-room flats in the coming year…
Showflat Gallery
Orchard Boulevard Condo wp-image-380″ src=”http://www.westwoodresidencesec.com/wp-content/uploads/Westwood-Residences-Gallery-1.jpg” alt=”Westwood Residences Gallery 1″ /…
Resale HDB Prices
A 6.2% drop in 2014 of HTB flat resale sales is the largest since the 8.2% drop in 2001. This is according to data published by the housing board on Friday and reported by PropNex Reality./
Based on the quarterly basis of sales for 2014 the 3rd quarter fell 1.5%, which marked the 6th consecutive 3-month period of declining sales.
Westwood Residences Resale Prices
Resale volume dropped 17,318 units from the 18,100 units sold in 2013. This indicates a 4.3% drop in the HTB market since last year as fewer buyers are entering the market at this time for Westwood Residences.
Numerous causes were cited such as a combination of property curbs that occurred as reducing the Mortgage Servicing Ratio (MSR) of 30%. Another factor was the maximum loan term of 25 years for HTB mortgage loans, and finally the three-year wait for new PR’s before they can buy resale flats all combined with the allowance of singles to buy 2-room build-to-order (BTO) flats in non-mature estates. This was all reported along with the total drop in resales by Propnex as well.…