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Savvy buyers zoomed in on CCR last year, URA data shows

Amid the overall soft property market conditions, savvy private home buyers looking for attractive deals zoomed in on the Core Central Region (CCR) last year. Government data released on Thursday showed the region was 2016’s outperformer in terms of percentage increase in transaction volumes, which in turn provided some ballast for prices in the region. The total number of private homes...
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Private home rentals: Govt looking at shortening minimum stay

Amendments to the Planning Act will make two practices illegal – that of using private residential properties for rentals of under six months, and housing more than six tenants in each unit. However, the government is looking into shortening the minimum six-month requirement for private housing rentals, and creating a new class of use for private homes so that they can be rented out...
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High vacancy rates in parts of Singapore

The high vacancy rate is not just an affliction of Sentosa Cove. Mr Jose Trinidad, who lives at The Shore Residences in East Coast, said many of the 408 units in the six 20-storey towers are left empty for long periods of time. The development was completed in 2013. The 38-year-old Filipino expatriate who works as an auditor added: “Most of the people living here are renting and the...
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Quiet nights and dark homes at Sentosa Cove

If solitude and silence are part of high living, then some Sentosa Cove residents are getting more than they bargained for. When The Sunday Times visited the Cove on Thursday night, many units of the private estates there were dark. At The Residences at W, a 228-unit development completed about five years ago, an online search shows 209 units are up for rent. At The Coast – a 249-unit...
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