It is a pity that after several days of heated oratory ahead of Polling Day, there has been little debate, if any, on the private housing market. After all, a condominium is one of the 5C's besides cash, car, credit card and country club membership that many Singaporeans aspire to have. Almost all of the discussion on housing has been focused on the public housing sector. This is expected as there is more...
Singapore Elections
Singapore Prime Minister Lee Hsien Loong said the government could have moved more quickly and efficiently to address the shortfalls in the country’s housing and transport industries. The Prime Minister also acknowledged that things do not always go as planned and there might be side effects from the government’s decisions. The government has had to “watch the wind and the tide and we have to pick...
With the General Election (GE) just around the corner, several people have asked me whether I think the poll results would have an impact on the private housing market. If you are asking whether investor confidence in private property here would be affected, the answer is a definite no. Whatever the outcome of the polls, be it by a clear margin or a narrow victory for the ruling party, I feel the...
Wendy Cheng, 32, has been trying to buy a home for over two years but without success. Cheng and her American teacher husband cannot afford property on the open market where a government-built apartment can fetch as much as $700,000, and they have been unsuccessful in balloting for flats available from the state at a cheaper price. At her last attempt to buy an apartment directly from Singapore’s...