Private property prices in Singapore have remained at affordable levels to first-time home buyers despite the recent run-up in the housing market here. The government's recent announcement of cooling measures also had little impact on affordability. The Real Estate Developers' Association of Singapore (REDAS) said this may help boost prospects in the local property market. These days, first-time buyers...
Market Reports
The property investment market in Singapore recorded S$5.91 billion in sales for the third quarter of 2010. This is an 86 per cent on-year growth, according to property research firm Jones Lang LaSalle (JLL). However when compared to the previous second quarter, investment property sales slipped eight per cent. Still, there are several deals under conditional contracts worth more than S$590 million and...
Rental rates in the private property market are poised to rise with the expected influx of some 80,000 foreign workers this year. Analysts said this is because of the shortage of private housing. And the supply situation may not improve this year, as only 5,000 private housing units are expected for completion by the end of the year. The Government's forecast on the number of foreign workers here comes...
Not for the time being, but the expected decline in HDB resale prices may cause investors to think twice Since the announcement of the property market cooling measures late last month, I have been frequently asked the question: When can we expect private housing prices to correct? We have had two weekends and at least one major developers' preview of a condominium project in Pasir Ris to gauge the...
The recent property-cooling measures are not likely to have a significant impact on the overall property market in Singapore. Property experts speaking at an industry seminar on Thursday said global economic issues play a larger role, and that property prices will ride on positive economic growth. The number of HDB resale transactions may have seen a sharp drop in the week immediately following the...
The Singapore housing market was well and alive during the Hungry Ghost Month as demand for new private homes continued to be strong in the month of August, with sales staying above the 1,000 level. Latest figures from the Urban Redevelopment Authority revealed 1,248 units were sold last month, a 19-per-cent dip from the 1,549 sold in July. In total, 1,326 units were launched in August with buyers...
Instead, says Mah Bow Tan, Govt making things more equitable for both them and HDB flat owners, alike The recent cooling measures have resulted in an "anomaly", Non-Constituency MP Sylvia Lim told Parliament yesterday, noting that while a Housing and Development Board (HDB) flat owner can own private property after the Minimum Occupation Period (MOP), but a private property owner has to sell his property...
Rental rates in the private property market are poised to rise with the expected influx of some 80,000 foreign workers this year. Analysts said this is because of the shortage of private housing. And the supply situation may not improve this year as only 5,000 private housing units are expected for completion by year's end. The government's forecast on the number of foreign workers here comes on the...
The recent property cooling measures are important to prevent a repeat of the market crash of the late 1990s. That is according to the National Development Ministry, as it addressed critics against the measures in Parliament on Wednesday. The property boom of the 1990s was partly fuelled by what has been dubbed the 'upgrading fever.' That saw more people take on bigger loans in pursuit of new and bigger...
Demand for new private residential properties in Singapore continued to stay strong in the month of August, with sales staying above the 1,000 level. Data released by the Urban Redevelopment Authority (URA) on Wednesday showed that 1,248 units were sold last month. That is 19.3 per cent lower than the 1,549 units sold in the previous month. Still, the numbers beat market expectations - since August...