The real estate industry has urged the Government to be prepared to take "supportive measures" to prevent a tipping point, if the property market turns volatile and worsens further. Speaking at the Real Estate Developers' Association of Singapore's (REDAS) 55th anniversary dinner on Wednesday evening (Nov 26), the association's president Mr Chia Boon Kuah added that the looming supply of 68,000...
REDAS
The Real Estate Developers Association of Singapore (REDAS) has expressed its disappointment over the lack of consultation, following the government's announcement of the latest property cooling measures. It said the measures came as a surprise, as the current market outlook is uncertain. REDAS said the good take-up rate in the primary market is driven by the increased number of new launches and unique...
The Real Estate Developers' Association of Singapore (REDAS) has appointed former civil servant Lee Suan Hiang as its new CEO, replacing Dr Steven Choo. The appointment will take effect Dec 8. Mr Lee, 61, has previously served as deputy managing director of the Economic Development Board and chief executive of SPRING Singapore, Productivity and Standards Board (PSB), National Productivity Board,...
President of the Real Estate Developers Association (REDAS), Mr Wong Heang Fine, has urged the government to review the various property market tightening measures from time to time. He said this is needed to avoid artificially suppressing genuine demand for private properties in Singapore. Mr Wong also expressed concerns of a potential oversupply situation in the near term. Under the government's Land...
CapitaLand Residential chief executive officer Wong Heang Fine has been appointed the new president of the Real Estate Developers' Association of Singapore (REDAS). Sources say that this followed Amara Holdings CEO Albert Teo's decision to decline the position. Mr Wong will be president for the REDAS management committee term of 2011 and 2012, taking over from Mr Simon Cheong, the chairman of SC Global...
Amara Holdings CEO Albert Teo will be the new president of the Real Estate Developers' Association of Singapore (Redas). Redas' annual general meeting was held last week, when the new management committee was elected. Following that, the president was picked by the management committee. Mr Teo is understood to be not present at last week's election but was represented. The management committee is...
The Real Estate Developers' Association of Singapore (REDAS) has said the latest measures taken by the government to further cool the residential property market will discourage speculative demand. It said in a statement that the measures which impact Seller's Stamp Duty (SSD) and Loan-To-Value limits on housing loans will also encourage longer term holding of properties, which will contribute to the...
The Real Estate Developers' Association of Singapore (REDAS) has underscored the importance of stable property prices for the country. REDAS President Simon Cheong, was giving a speech at his association's 51st anniversary dinner. He said along with other Asian economies, Singapore is resorting to tightening measures to deal with the threat of an overheating property sector. Prices will be impacted as...
MR SIMON Cheong, president of the Real Estate Developers' Association of Singapore (Redas), raised government hackles this week when he questioned the need for government intervention to halt the rise of private home prices. He had asked if the state should be so concerned with the prices of private home prices, when the segment serves only 16.5 per cent of the population. The Government recently...
The government yesterday defended its policy of managing price movements in the private housing market and also stood by its method of supplying developers with state land sites. It was responding to Wednesday's speech by the president of the Real Estate Developers' Association of Singapore (Redas), Simon Cheong, who said that the government should allow the private property market here to operate as a...