So when will freehold condo prices fall to match those of leasehold? FREEHOLD condominium ownership is no longer forever in Singapore, yet the myth of freehold property being held in perpetuity and resultant higher pricing linger on. While it may seem like Singaporeans will have a hard time letting the myth go, it may only be a matter of time until logic overcomes emotion and premiums for freehold condos...
Property Prices
The number of transactions in the property market has gone down due to uncertainty over the US economy. National Development Minister Mah Bow Tan said this is to be expected but added that property prices have not shown any signs of correcting. He was speaking to reporters at the sidelines of a community event on Sunday evening. He said: "There is a slowdown in the market as reflected in the level of...
HDB resale prices have gone up by a better-than-expected 17.5 per cent in 2007, the fastest rate since prices soared by 25 per cent in 1996, latest official figures by the Housing Development Board (HDB) showed. Most homes in Singapore have appreciated to the highest levels since 1996. The price of a three-room HDB flat was an average of S$149,000 in the last quarter while a five-room flat in Marine...
Private property prices will see slower growth in the first quarter of this year, amid the current upheaval in global financial markets and a possible US recession. That is according to property consultants who said prices will be supported by rentals which will continue to climb higher this year. Related Video Link - http://tinyurl.com/2ew98s There has been frenzied buying and selling in the financial...
The prices of private residential property in Singapore increased by eight per cent in the third quarter of this year, compared to the previous three months, according to the flash estimate by the Urban Redevelopment Authority. Based on the estimated price index of private residential property, it said prices rose from 147.8 points in the 2nd quarter to 159.6 points in the 3rd quarter. This represents an...
Housing rentals in Singapore have risen faster than property prices, a phenomenon that is unique in this region. Property analysts have pointed the finger at collective, or en bloc, sales, but they say they are not expecting rents to drop sharply even when the redevelopment projects are complete. The price of housing in Asia has risen as a whole in recent years. Over in Hong Kong, South Korea and China,...
Despite signs that sentiment has been weighed down by global credit woes, property consultants are still keeping to a bullish outlook for the Singapore property market. They are expecting to see further upside in prices of as much as 50 percent over the next 6 to 18 months. This is despite the industry taking a slight breather and a general cautionary mood among investors due to the US sub-prime mortgage...