• Christian Halfway Houses Singapore

The private residential property index rose by 7.86% during 2018, a sharp improvement from meagre growth of 1.09% in 2017, according to the (URA). When adjusted for inflation, house prices rose by 7.32% y-o-y last year.During the latest quarter (i.e. Q-o-q in Q4 2018), residential property prices were almost unchanged.All regions saw rising house prices:. In Core Central Region (CCR), prices of non-landed private residential properties rose by 6.7% (6.2% inflation-adjusted) during 2018, according to URA.

However, prices dropped 1% (-0.9% inflation-adjusted) during the latest quarter. In the Rest of Central Region (RCR), property prices were up by 7.4% (6.9% inflation-adjusted) during 2018. Quarter-on-quarter, prices increased 1.8% (1.9% inflation-adjusted) in Q4 2018. In Outside Central Region (OCR), property prices rose by 9.4% (8.8% inflation-adjusted) during 2018. During the latest quarter, prices increased 0.7% (0.8% inflation-adjusted).Housing sales down last year, but from a record highHome sales, including new sales, sub-sales and resales, fell by 11.5% in 2018 to 22,139 units, according to URA. Despite this, it was the second highest sales level recorded since 2013.“Although latent demand is strong, the cooling measures have moderated the rate of sales and developers must now price with finesse according to their projects’ attributes,” said Alan Cheong of. Tailor your overseas property investment strategy!Learn what returns you are likely to earn, and where are the best opportunities.

Follow the latest developments in the international property markets through the Global Property Guide newsletter.Already Subscribed?Residential construction is rising strongly. In 2018, there were 8,769 uncompleted private residential units launched in Singapore, up from 6,020 units in 2017, and 7,877 units in 2016, according to URA.With new market-cooling measures, demand is expected to be subdued this year while house prices are projected to either increase slightly or remain steady. An economic slowdown caused by the US-China trade war is also expected to adversely affect the housing market.“Private property prices are now a lot more expensive, which has turned away some buyers,” said Chris Koh of property firm Chris Koh International. “We could see private home prices increase by 2% to 3% in 2019, which means only an increase of 0.1% to 0.5% per quarter,” Koh added.Singapore’s economy grew by 1.9% in Q4 2018, the lowest y-o-y growth since Q4 2015, mainly due to a decline in the manufacturing and exports sector amidst the US-China trade war, according to the (MTI). Overall, the economy expanded by 3.2% in 2018, a slight moderation from the 3.9% growth in 2017.

The economy is expected to expand by less than 2.5% this year.Foreigners have been able to buy any apartment without prior government approval since the Residential Property Act of July 19, 2005. However, foreigners still cannot purchase vacant land and landed properties without permission from the Singapore Land Authority. Non-residential property is not subject to these ownership restrictions. Prices of newly-launched developments are upThese are the prices in some of the newly launched residential developments in Singapore (based on a report):In Core Central Region (CCR):. In 3 Cuscaden, located in Cuscaden Walk, prices of residential units range from SGD 3,385 (USD2,507) to SGD 3,831 (USD2,837) per sq. In Q4 2018.

In 10 Evelyn, located in Evelyn Road, residential units are priced at about SGD 2,480 (USD1,837) per sq. In Q4 2018. In Petit Jervois, situated in Jervois Road, residential properties are sold for SGD 2,892 (USD2,142) per sq. Ft.In the Rest of Central Region (RCR):. In Arena Residences, located in Guillemard Crescent, prices range from SGD 1,322 (USD979) to SGD 1,924 (USD1,425) per sq. Ft. In Kent Ridge Hill Residences, located in South Buona Vista Road, prices range from SGD 1,450 (USD1,074) to SGD 1,839 (USD1,362) per sq.

Ft. In Parc Esta, located in Sims Avenue, prices range from SGD 1,509 (USD1,117) to SGD 1,882 (USD1,394) per sq. Ft. At The Ramford, located in Rambai Road, prices range from SGD 1,450 (USD1,074) to SGD 1,686 (USD1,249) per sq. Ft.

At The Woodleigh Residences, located in Bidadari Park Drive, prices range from SGD 1,926 (USD1,426) to SGD 2,318 (USD1,717) per sq. Ft.In the Outside Central Region (OCR):. In Belgravia Green, located in Belgravia Drive, OCR, prices range from SGD 840 (USD622) to SGD 944 (USD699) per sq. Ft. In Whistler Grand, located in West Coast Vale, OCR, prices range from SGD 1,228 (USD909) to SGD 1,575 (USD1,166) per sq. Ft.Singapore government will firmly restrain property pricesThe moderation of house prices over the past four years is the result of deliberate government policy.Before and after the global economic crisis, Singapore’s property market surged, and Singapore experienced an amazingly overheated market.

The residential property price index rose 38.2% during the space of only one year to Q2 2010 (34% inflation-adjusted).The Singapore government sensibly took steps, and when these turned out to be not enough, took further measures.In October 2012 it limited the mortgage term to 35 years, and lowered loan-to-value (LTV) ratios to 60% for loans longer than 30 years (or loans stretching beyond age 65).This was only the first of 10 rounds of property-market cooling measures.Seller’s stamp duty (SSD) was then introduced on owner-occupied housing sold within a year of purchase. A little later, the stamp duty was revised upwards, with sales of owner-occupied houses taxed sold within a year of acquisition taxed at 16% of sale price.

Then the holding period was increased from one year to four years. In subsequent rounds, LTV ratios were lowered and minimum cash down payment increased. Despite these measures, property prices kept surging. In the sixth round, new residential loans were capped at 35 years, with existing loans over 35 years facing tighter LTV ratios. In the seventh round the government revised the additional buyer’s stamp duty (ABSD), increasing rates from 5% to 7% for Permanent Residents’ (PRs) first residential property purchase, and Singaporeans’ second residential purchase.This resulted in a 23.5% decline in sales transactions within a year, but prices continued to surge till the end of 2013.Eighth, ninth and tenth rounds of market-cooling measures followed.These market-cooling measures have been effective, as evidenced by the 10% decline in property prices from 2014 to 2017.

Government relaxed property market measures in 2017The government then partially relaxed its market-cooling measures in March 11, 2017, amid slow sales and weak economic growth. Stamp duty is now payable by sellers after three years of purchase, down from four years, and the rate is cut by 4% for each tier. The new rates range from 4% for properties sold in the third year after purchase, to 12% for those sold in the first year.

The requirement that loan obligation cannot exceed 60% of gross monthly income is no longer applicable for mortgage loans with loan-to-value (LTV) ratios of 50% and below.As a result, market sentiment improved sharply, as evidenced by a strong increase in demand – with sales in 2017 reaching 25,010 units, up 52.7% y-o-y and the biggest increase since 2009, according to URA. Low interest rates and relatively more affordable property prices have also contributed to the recent sharp increase in sales.In 2018 the government squeezed again: higher stamp duty, tighter loan limitsEffective July 5, 2018, the Additional Buyer’s Stamp Duty (ABSD) rates were raised by 5% for all homebuyers and by 10% for entities, except for Singaporean citizens (SCs) and permanent residents (PRs) purchasing their first residential property.

Christian Halfway Houses Singapore

The integration between inside and outside is a key theme and function of this tropical house on Sentosa Island, Singapore. Designed by Guz Architects, the Fish House embraces Singapore’s tropical climate by creating an open space that allows interaction between the ocean, the garden, the swimming pool and the house. The natural sea breeze ventilates the tropical home, while the curved wavy roofs with solar panels supply energy to the house. This promotes living in harmony with the natural environment.