In a survey conducted at property blog www.propwise.sg, 66 per cent of the 269 respondents believe that the latest round of cooling measures by the Government is sufficiently harsh to prevent a property market bubble in Singapore, while the other 34 per cent do not think so. Some 41 per cent of the respondents believe that property prices will go down this year as a result of the measures, a sharp...
singapore property
Sales of new private homes totalled 1,332 units last month, down 583 units from November, the Urban Redevelopment Authority (URA) said yesterday. Inclusive of executive condominiums, or ECs, the total number of units sold amounted to 1,699 units. This is a sharp fall compared to November, when new private home sales including ECs numbered 2,092 units. But experts said the fall was seasonal in nature,...
Sales of private home properties moderated in December, but still came in above the 1,000 units level. Data released on Monday by the Urban Redevelopment Authority (URA) shows that 1,332 private homes were sold last month. That is a 30 per cent on-month drop from the 1,915 units sold in the previous month. Including Executive Condominiums, the total sales would have reached an even higher figure of...
National Development Minister Mah Bow Tan said the latest property cooling measures were not meant to crash the market. He described them as "calibrated", "targeted" and "pre-emptive". Mr Mah was speaking to reporters at a community event on Saturday. Explaining the government's rationale for the recently announced property cooling measures, Mr Mah said a judgement call was needed when property prices...
With the latest round of Government measures, there might be concerns among first-time home buyers, those looking to upgrade their properties as well as property investors on how they will be impacted. Let me share my views: First-Time Home Buyers and Property Upgraders For first-time home buyers, you need not worry as these measures do not impact you directly. You will still be able to obtain loans of...
The latest round of cooling measures introduced by the Government, which kicked in today, appears to have created some knee-jerk reaction in the private property market. MediaCorp understands that some sellers rushed to close deals before midnight to avoid the new rules. Others have pulled their properties from the market. Property firms told MediaCorp that they have received many enquiries from...
The latest round of property cooling measures which kicked in Friday appears to have caused a knee-jerk reaction from the private property market. Channel NewsAsia understands that some sellers even rushed to close deals before midnight to avoid the new rules. Others pulled their properties from the market. To 36-year-old Christopher Ng, the new measures were welcome news as he hopes prices will soon...
Share prices of major developers like CapitaLand and City Developments took a beating on Friday, a day after the government announced a fourth set of measures within two years to cool the property market. City Developments share price dropped 4.6% to S$12.16 while that of CapitaLand lost 3.4% to S$3.71. The property-cooling measures, effective on Friday, include a sharp increase in the Seller's Stamp...
A knee-jerk reaction to the latest round of property cooling measures is expected to hit banks and developers but industry players believe that normal service will resume. For now though, banks here are likely to see a dip in new housing loan applications, while developers may postpone new launches. Commenting on the latest measures, the Real Estate Developers' Association of Singapore (REDAS) said it...
In a Sunday feature article entitled "History-making year ahead", eight events and issues were highlighted by the writer which are expected to loom large in 2011. Seventh on the list was how to cool the property market without crashing it. Last year, private housing prices eclipsed the previous 1996 peak, while the cash-over-valuation (COV) levels for public flats reached historic highs even as the...