Allgreen Properties has sold 54 units at its Holland Residences condo at Taman Warna, which was released this week. The average price for the 68 units released was $1,625 per square foot (psf), but this was weighed down by private enclosed spaces at the ground-floor of the five-storey freehold project.

The launch of Phase 2 of the Circle Line in April is something that nearby residents will look forward to. Those who are considering renting or selling their homes are set to benefit from this as well.  According to real estate agents, the opening of the 11 new stations along the Circle Line could possibly hike up the prices of properties.

The Australian government will invest around US$3.06 billion (A$3.4 billion) in Residential Mortgage-Backed Securities, which was sold by five lenders, to stir up home-loan competition.

HDB will launch new flats every month over the next six months, in response to increasing fears that the demand for flats is outstripping supply.

Minister Mentor Lee Kuan Yew became the “first minister to put a time line on the Government’s pledge since last year to reduce the intake of foreign workers." This is despite his claims that he is “not doing much work except forecasting.”

The Housing and Development Board is reviewing its rules to curb illegal subletting and speculation in the public housing market.  The review comes amid new concerns over issues on public housing affordability, prompted by the latest data released by HDB that showed that prices of resale flats continued to escalate in Q4 2009.

Home buyers who are desperate to get into the public housing market are paying out twice as much as they did for resale HDB flats a few months back.  Known as the Cash-over-Valuation (COV), these cash premiums refer to the amount that a buyer has to pay above the valuation of flats set by a bank.

USA Mortgage said that it has recorded an all-time high of $1.2 billion worth of home loans last year, more than twice the $586 million for loans in 2008.