A SERIES of cooling measures progressively introduced in the last six years has led to a patchwork quilt covering the property market that is now uncomfortably scratchy and somewhat suffocating. Calls to relax the cooling measures began to ring out two years ago. In recent months, developers, property agents and industry associations have repeated their calls, with some predicting that measures may be...
real-estate
Resale transactions for non-landed private homes surged 47.6 per cent last month from the previous month, rebounding after four straight months of decline as prices inched higher, but analysts say it remains to be seen if the market has bottomed out. Resale volume jumped to 577 homes last month from the 391 units registered in February, flash estimates from SRX Property showed on Tuesday (April 12), the...
Prices of condominiums sold on the resale market edged up 0.3 per cent in March, while the number of units sold spiked 47.6 per cent, according to a local property index. Non-landed private residential units in the Outside Central Region led the rise, with a 1.3 per cent in resale prices, SRX Property said. Resale prices of units in the Rest of Central Region edged up 0.1 per cent in resale prices,...
It is “too early to declare victory” and unwind the property cooling measures currently in place, said Minister for National Development Lawrence Wong in the Committtee of Supply debate in Parliament on Monday (Apr 11). Responding to MPs who had called for the cooling measures to be lifted, Mr Wong explained that while the measures “have been effective in stabilising the property market”,...
Private home prices in Singapore continued their decline in the first quarter of this year, according to flash estimates released by the Urban Redevelopment Authority (URA) on Friday (Apr 1). The private residential property index fell to 140.6 points in the first quarter, down 1 point from the previous quarter. This represents a decline of 0.7 per cent, compared with the 0.5 per cent decline in the...
Resale prices of private homes rose marginally in February, according to Singapore Residential Price Index (SRPI) flash estimates released on Monday (Mar 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices rose 0.4 per cent in February from the previous month. In January, prices rose 0.2 per cent from a month earlier. Prices of...
Wallich Residence – the residential component of the Tanjong Pagar Centre – a landmark integrated development that sits right above Tanjong Pagar MRT at Peck Seah Street/Choon Guan Street. Wallich Residence units will start at 180m above sea level, peaking at 290m, the highest residences in Singapore when completed. The 181 units of very exclusive and prestigious sky homes will offer...
Sales of private homes last month fell 6.8 per cent from the previous month despite more new launches during the Chinese New Year holiday period. Excluding executive condominiums (ECs), developers sold 301 new units in February, down from the 323 units sold the previous month, data from the Urban Redevelopment Authority showed on Tuesday (Mar 15). Including ECs, 430 new units were sold last month, down...
Any move made by the Government to tamper with the property cooling measures now could fuel speculation that further easing is on the way, and threatens to undo any price moderation the market has achieved so far by bringing back potential buyers who have been fishing for the bottom. In addition, increasing debt levels during today’s slower growth environment may have harmful consequences on the...
While it is true that it is a fool’s errand to try to time the property market, you can certainly buy at a dip. In fact, that is what you are supposed to do: Buy low and sell high. It is very human in a down market to want to buy at the absolute lowest point. The problem, though, is that no one can identify the bottom until after the fact. How many people have you met who regret not buying in 1998...