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skip to content twitter facebook google wordpress com search for menu home about properties local residential upcoming projects current projects local commercial industrial upcoming projects current projects overseas properties upcoming projects current projects for sale hdb flats condominiums offices retails commercial industrial for rent hdb flats condominiums offices retails commercial industrial news update contact august 7 2017 august 13 2017 edgeprop sg news update former hudc estate serangoon ville sold for almost s 500 million in en bloc deal serangoon ville a former hudc estate privatised and sold to a consortium led by oxley holdings for a whopping 499 million under a collective sales tender program the selling price was way above the initial asking between 400 million to 430 million targeted when the development was put up for sales last month serangoon ville is the latest addition to mark the sixth successful collective sales to the daily most discussed hot topic of the property market showing signs of bottoming out right from the beginning of the year total of 244 apartments and mansionettes of unit size ranging from 1625sqft to 1733sqft owners are elated to pocket a handsome profit of about 2 million each estimated higher than the 1 6 million to 1 7 million expected source straits time may 9 2019 may 9 2019 edgeprop sg news update new rules on buying properties using cpf hdb housing loans to kick in on friday 10 may 2019 singapore new rules on buying homes using cpf or hdb housing loans will be introduced that will focus on whether the lease of the property can cover the buyer until at least age 95 this was announced on thursday may 9 by the ministry of national development and ministry of manpower the changes which apply to the purchase of hdb flats private properties and executive condominiums take effect on friday may 10 under the current rules the amount of cpf allowed to be used is dependent on the remaining lease of the property for instance if there is at least 60 years left in the lease a buyer can use the maximum cpf allowed to pay for the property if the property has less than 60 years left on its lease a buyer is eligible to use cpf if his age plus the remaining lease is at least 80 years with the changes the total amount of cpf that can be used will depend on whether the remaining lease can cover the youngest buyer until age 95 if this criteria is met for instance a buyer can use cpf to pay for a property up to its valuation limit if not the use of cpf will be pro rated no cpf can be used if the remaining lease is less than 20 years this has been lowered from 30 years currently updates to hdb housing loan rules for those looking to take an hdb housing loan buyers will be eligible to take the full 90 per cent loan to value limit if the remaining lease can cover the youngest buyer to the age of 95 this is even if the flat has less than 60 years left on its lease if the remaining lease cannot cover the buyer until age 95 they will be offered a loan on a pro rated basis these rules have to be updated to take into account the changing needs and higher life expectancy of singaporeans said the ministries in a joint media release put together these changes will give buyers more flexibility when buying a home for life while safeguarding their retirement adequacy changes to cpf withdrawal rules there will also be changes to the cpf withdrawal rules after age 55 cpf members who want to withdraw their cpf savings above the basic retirement sum will need to have a property with a remaining lease to cover them until at least age 95 this is to encourage cpf members to have a home for life and to secure a basic level of retirement income said the ministries this change is not expected to affect most cpf members as all hdb flats and the vast majority of private properties have leases that can last a 55 year old member until the age of 95 they added currently cpf members above 55 years old can withdraw that cpf savings above the basic retirement sun if they own a property with a remaining lease of at least 30 years the updated rules will apply to hdb flats flat applications received on or after may 10 2019 private properties and executive condominium units option to purchase or sales purchase agreement signed on or after may 10 2019 cpf withdrawals applications received on or after may 10 2019 buyers who purchased properties before may 10 and are still servicing their housing loans will not be affected by these changes according to the ministries members who bought their property and turned 55 years old before may 10 can continue to apply to the cpf board to withdraw their cpf savings above their basic retirement sum under the previous rules source cna nc gs 09 may 2019 05 00pm updated 09 may 2019 05 08pm singapore source from cna may 8 2019 may 10 2019 edgeprop sg current projects local residential properties top 5 best selling projects north east the tre ver sold a whopping total of 197 units in 1st quarter 2019 crowned the no 1 spot for best selling projects north east find out why buyers are still rushing in to snap up units here total of 729 residential units the tre ver is a formerly known as raintree garden hudc apartments the unique features of the entire development is the stunning green walls and tranquility river living with full condominium facilities i e infinity pool aqua gym jacuzzi coves bed clubhouse etc it is also next to st andrew s junior college sajc st andrew s secondary school st andrew s junior school stamford american international school etc october 6 2017 edgeprop sg news update normanton park sold en bloc sales for 830 1m today in a rare but quite expected en bloc sale went through yesterday 5th october 2017 kingsford huray development is the highest bidder at 830 1 million for normanton park estate near kent ridge park normanton park 488 units sold 830 1m each owner at the 488 unit stands to profit between 1 68million to 1 86million the land bid price translates to about 969 per square foot per plot ratio read more here october 6 2017 edgeprop sg news update the asteria en bloc sale sold for 27 1m edgeprop adding on the recently red hot en bloc sales the asteria is the latest freehold development sold for a price tag of 27 1million to a buyer who is believed to be a singaporean the asteria freehold district 15 the asteria freehold district 15 the asteria freehold district 15 the asteria is conveniently located opposite chij katong primary school and tao nan school with a total of only 23 units this boutique condominium was owned by a investor holding the units for rental income read more here september 29 2017 september 29 2017 edgeprop sg properties bids for florence regency come in below independent valuation bt published 29 september 2017 friday business time florence regency bids come below valuation 1 360797 103 884956 september 29 2017 edgeprop sg news update singapore home prices seen reversing after a long downward trend bt published 29 september 2017 friday business time singapore home prices picking up 1 356203 103 828142 september 29 2017 edgeprop sg news update uol associate to buy nanak mansions for 201million published 29 september 2017 friday business time nanak mansion enbloc sold 201 million 1 307258 103 895281 september 29 2017 edgeprop sg properties prime office rents to jump 15 8 over three years bt published 29 september 2017 friday business time prime office rental to jump 15 8 1 281720 103 851901 september 29 2017 edgeprop sg news update beach road commercial site bids 1 622 billion bt published 29 september 2017 friday business time beach road commercial site bids 1 622 billion beach road commercial site bids 1 622 billion 1 300170 103 858365 september 28 2017 edgeprop sg news update cbd office rental set to rise bt published 28 september 2017 thursday business time cbd office rental set to rise edgepropsg 1 289306 103 849444 posts navigation older posts create a free website or 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