singapore property market

The local property market will see some slowing on the back of surprise cooling measures though a crash is unlikely, said the top executives from some of Singapore’s biggest developers. However, the chief financial officers of GuocoLand Group and CapitaLand Group differed on whether the Government’s latest step, which involved tweaks to Additional Buyer's Stamp Duty (ABSD) rates for both buyers and...

Marina One Residences is part of a landmark mixed-use development (Marina One) at an enviable location at Marina South – a district designated as a high growth area to establish a global business and financial hub by Singapore’s Urban Redevelopment Authority. Be at the heart of the city and centre of it all. With links to four out of six major MRT lines and expressways, Marina One Residences is...

The high-end property segment will likely be more affected by the latest round of cooling measures compared with mass-market projects, industry insiders said. Buyers and investors hoping for private home prices to drop sharply due to the measures will not be seeing that happen in the near term, as developers said that they are not going to cut prices massively. Mr Richard Lai, group chief financial...

While at least one collective sale bid will be launched as planned this week, others have hit the pause button or are drawing up new plans amid uncertain prospects following the surprise of fresh property cooling measures. An extension in tender closing dates is one way that some marketing agents hope will keep their en bloc sale bids alive. They also told Channel NewsAsia that homeowners’ price...

The Government imposed cooling measures on its property market last week, in a bid to contain what the central bank described as “euphoria” in the sector. Here are three charts showing some of the factors behind the government’s concerns: 1. PRICES Residential property prices have rebounded since the middle of last year, after Singapore reduced a stamp duty on sellers and eased mortgage...

There is no rationale for the new housing curbs given that the Singapore property market "is in the early stages of a recovery and the recovery is in line with economic fundamentals", said the Real Estate Developers' Association of Singapore (REDAS) on Friday (Jul 6). The statement from the industry body came a day after the Government announced new property cooling measures. Among the curbs are a 5...

The new property cooling measures announced on Thursday (Jul 5) were not entirely unexpected given the recent euphoria in the housing market, but the speed and timing at which the measures were introduced as well as the extent of the curbs were “heavy-handed”, some analysts told Channel NewsAsia. Among the curbs are a 5 percentage point hike in Additional Buyer's Stamp Duty (ABSD) rates for citizens...

Crowds of potential buyers flooded showflats across Singapore shortly after new cooling measures were announced on Thursday (Jul 5), in the hope of avoiding a hike in stamp duty or tighter loan limits. Several showflats extended their opening hours until 11.59pm on Thursday, with some developers even bringing forward their launches by a couple of weeks. The Additional Buyer's Stamp Duty (ABSD) rates...

The Government announced on Thursday (Jul 5) that it is raising Additional Buyer's Stamp Duty (ABSD) rates and tightening loan-to-value (LTV) limits on residential property purchases, in an effort to "cool the property market and keep price increases in line with economic fundamentals". The move comes several days after official data showed that private home prices had risen to its highest point in four...

Interest in commercial and industrial property could shoot up as investors look for alternative opportunities following the latest tough new cooling measures for residential real estate, say experts. Retail investors who can afford a higher capital outlay could turn to strata-titled offices and conserved shophouses that are zoned commercial, said Cushman & Wakefield's senior director of research...