More people are sitting on the sidelines but prices unlikely to head south any time soon Last Wednesday, one mass market condominium project in Pasir Ris attracted 160 buyers on its preview. Many property experts are surprised because the Government had just announced measures aimed at cooling the market on Aug 30. The market has since largely settled into a stalemate, as buyers wait for prices to fall...
singapore property market
There have been numerous analyses recently on how the housing market is reacting to the Government's property cooling measures. But to date, the only impact we can be truly certain of is the huge toll they have taken on the health of overworked reporters. Many have taken ill after rushing out market updates and analyses. Beyond that, it is too early to assess how much the market has changed. The...
For any young Singaporean looking to get married and start a family, the new measures to help first-time buyers, together with those to maintain a stable and sustainable property market, should come as welcome news. The Government and the Housing and Development Board (HDB) have done a good job in keeping the cost of public housing broadly in line with general inflation. Recent research by Jones Lang...
The recently concluded Hungry Ghost Month may have scared away some property buyers in the auction market. Property consultant Colliers International said Wednesday only three properties worth a total of S$5.2 million were sold by all auction houses during the Hungry Ghost Month period. The three properties included two shophouses at Dunlop Street, an HDB shop at Bishan and a strata factory at Toh Guan...
With inner-city living becoming increasingly popular, homebuyers and investors will have wider options as more old office buildings are torn down and redeveloped into high-rise residential towers. The 43-storey, 312-unit The Clift developed by Far East Organization (FEO) is expected to be completed next January. Located in the heart of the CBD on McCallum Street, the project is across the road from the...
Mass-market segment appear to be most affected WAIT-AND-SEE was the order of the day at showflats over the weekend - the first since measures aimed to cool property speculation were introduced. The mass-market segment appeared to be the most affected, with thinner crowds and fewer sales. At more upmarket properties, there was still some interest among genuine buyers. At The Minton in Lorong Ah Soo, a...
It was the first weekend after the announcement of the new property rules. And home buyers are adopting a cautious wait-and-see approach for now. Of the five showflats MediaCorp visited yesterday, The Greenwich in Seletar Hills was buzzing with activity at noon, even as it entered into the second week of sale of Phase Two. Over at the showflats of Waterfront Gold on Bedok Reservoir Road, as well as...
Here's what the new property rules imply for buyers and sellers Last week's biggest news was the raft of cooling measures that the Government announced on Monday to dampen demand in the sizzling housing market. The curbs are aimed mainly at deterring property speculators and investors - especially those who may be overstretching themselves financially - from dominating the market and pushing up home...
Home buyers have already begun to back-out from planned purchases since new measures to cool the property market kicked in. The early effects of the new measures are emerging as buyers back out of option to purchase (OTP) agreements - especially for HDB flats. Those having second thoughts about home purchases either no longer qualify for an 80 per cent loan, or believe that prices are going to drop...
Resale private properties are getting more popular with home buyers. According to the latest data from the Urban Redevelopment Authority (URA), one in two private homes sold this year is a resale unit, up from 30 per cent in 1997. While the sale of new private homes remained strong in the first 7 months of the year, analysts said resale private properties are also changing hands at a faster...