21 Jan '15, 9pm

Case of the S$2 mln furniture vouchers grips Singapore property market - Reuters

SINGAPORE Jan 22 (Reuters) - Perks used by property firms in Singapore to entice buyers of luxury apartments are under scrutiny after a bank sued a developer for allegedly conspiring with borrowers to inflate about S$182 million of home loans. With Singapore's real estate market on the slide, developers regularly try and court potential home buyers by offering incentives ranging from small cash rebates to discounts on cars, rather than cutting the sales price. United Overseas Bank says a unit of Indonesia's Lippo Group took this practice to an extreme by giving buyers at a development in the wealthy enclave of Sentosa Cove furniture vouchers worth as much as S$2.4 million ($1.8 million) for each flat they bought. Buyers are meant to disclose such incentives when applying for a loan, but UOB claims it granted mortgages, worth an average of S$4.8 million each, on 38 flats in...

Full article: http://www.reuters.com/article/2015/01/21/singapore-prope...

Tweets

Case of the S$2 mln furniture vouchers grips Si...

reuters.com 21 Jan '15, 9pm

SINGAPORE Jan 22 (Reuters) - Perks used by property firms in Singapore to entice buyers of luxury apartments are under scr...

S’pore property firms under scrutiny for issuing vouchers

S’pore property firms under scrutiny for issuin...

kinibiz.com 22 Jan '15, 1am

Perks used by property firms in Singapore to entice buyers of luxury apartments are under scrutiny after a bank sued a dev...

Incentives case grips Singapore property market

scmp.com 25 Jan '15, 1pm

Perks used by property firms in Singapore to entice buyers of luxury flats are under scrutiny after a bank sued a develope...

#singapore #property URA says overall private h...

propertyguru.com.sg 23 Jan '15, 3am

Prices fell across all segments of the market. In the Core Central Region (CCR), non-landed property prices decreased by 0...

Pretty useful reference site for those contempl...

This chart plots the Singapore Private Residential Property Price Index and its percentage over the previous quarter. The ...

Property Singapore

propertyone.com.sg 24 Jan '15, 2pm

Propertyone provides listings for Singapore New Launches & Singapore Property sales, Singapore Condo and landed new homes,...

Singapore Property News This Week #191

propwise.sg 22 Jan '15, 1pm

Lorong 4 to Lorong 22 at Geylang will undergo a rezoning exercise, according to the Urban Redevelopment Authority (URA). T...

#singapore #property Singapore banks facing a storm: Banks in Singapore will face a sev...

#singapore #property Singapore banks facing a s...

propertyguru.com.sg 21 Jan '15, 3am

Comment E-mail to friend Bookmark & Share Banks in Singapore will face a severe test as home prices drop while interest ra...

Private property prices down 4% last year: URA

Private property prices down 4% last year: URA

channelnewsasia.com 23 Jan '15, 1am

SINGAPORE: Private residential property prices fell 1.1 per cent in the fourth quarter of 2014 – a larger decline than the...

#GlobalREBubble #Singapore Property auctions bo...

propertyguru.com.sg 20 Jan '15, 10pm

Comment E-mail to friend Bookmark & Share Singapore’s property auctions market has bounced back from lower sales activitie...

Interest rate effect may threaten #property pri...

twitter.com 21 Jan '15, 4am

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

Singapore Q4 private home prices -1.1 pct q/q: ...

reuters.com 23 Jan '15, 12am

SINGAPORE, Jan 23 (Reuters) - Singapore's Urban Redevelopment Authority released detailed estimates for the change in priv...

Singapore investors chase Perth property: #buil...

businessnews.com.au 23 Jan '15, 7am

Sponsoring an event is not just about displaying your brand to an audience. The programme format offers sponsors continuou...

More property agents leaving, fewer joining the...

propertyguru.com.sg 22 Jan '15, 7am

The ongoing property downturn is forcing more real estate agents in Singapore to leave the industry, while fewer people ar...