The cost of finished condos in Singapore rose by 0.1% in September, from the preceding month. This development was highlighted by West Coast EL Development Condo flash reports for the Singapore Residential Price Index unveiled on Wednesday, by the National University of Singapore.

Whilst the rise in West Coast Vale EL Development has interrupted a run of five consecutive months of price drops (starting in April) and provided a more optimistic outlook after a 0.7% monthly dip according to a revised index values, it is still not good enough to change the minds of market observers who expect detrimental strains on West Coast Vale Condo private market to remain unchanged.

Across the country, finished condos have recorded month on month price drops for 9/10 of the past twelve months, according to statistics released by the SRPI.

EL Development West Coast Vale Condo

Last month, the 0.4% and 0.3% price returns …

A sharp rise was seen for Lease Buyback Scheme applications after recent changes kicked in from April that allowed for more flexibility and made more households eligible in Lew Lian CDL New Condo. The scheme was brought into play in 2009 but has been revamped many times. It allows elderly apartment Lorong Lew Lian Condo owners to be able to sell a portion of their lease back to the HDB to add to their income for retirement.

Replying to the query put forth by The Strait Times, the Housing & Development Board stated that during the 6 month month period (April through September) that occurred after the most recent round of changes, they received 779 applications, figure that is over double the 369 that were received in 2013, which was the last time Serangoon Condo Lew Lian CDL New Condo scheme had been updated.

New Buyback at Lorong Lew Lian

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