The recent property-cooling measures are not likely to have a significant impact on the overall property market in Singapore. Property experts speaking at an industry seminar on Thursday said global economic issues play a larger role, and that property prices will ride on positive economic growth. The number of HDB resale transactions may have seen a sharp drop in the week immediately following the...
singapore property
The Singapore housing market was well and alive during the Hungry Ghost Month as demand for new private homes continued to be strong in the month of August, with sales staying above the 1,000 level. Latest figures from the Urban Redevelopment Authority revealed 1,248 units were sold last month, a 19-per-cent dip from the 1,549 sold in July. In total, 1,326 units were launched in August with buyers...
Instead, says Mah Bow Tan, Govt making things more equitable for both them and HDB flat owners, alike The recent cooling measures have resulted in an "anomaly", Non-Constituency MP Sylvia Lim told Parliament yesterday, noting that while a Housing and Development Board (HDB) flat owner can own private property after the Minimum Occupation Period (MOP), but a private property owner has to sell his property...
The recent property cooling measures are important to prevent a repeat of the market crash of the late 1990s. That is according to the National Development Ministry, as it addressed critics against the measures in Parliament on Wednesday. The property boom of the 1990s was partly fuelled by what has been dubbed the 'upgrading fever.' That saw more people take on bigger loans in pursuit of new and bigger...
Demand for new private residential properties in Singapore continued to stay strong in the month of August, with sales staying above the 1,000 level. Data released by the Urban Redevelopment Authority (URA) on Wednesday showed that 1,248 units were sold last month. That is 19.3 per cent lower than the 1,549 units sold in the previous month. Still, the numbers beat market expectations - since August...
Bulk deals involving high-end apartments are gathering speed again. Some funds which invested in Singapore's upmarket residential market are taking advantage of a price recovery in this segment to exit their investments. A German core fund managed by Morgan Stanley is understood to have sold 23 apartments it owned in the Draycott Eight condo for slightly over $157 million or about $2,300 per square foot...
It appears that Singapore's resale property market is starting to feel the chill of the government's latest cooling measures. Industry players expect sales transaction to fall by some 5 to 10 per cent by the fourth quarter, while home prices could drop by 5 per cent on average over the same period. The anti-speculative measures were implemented on August 30 to curb runaway private home prices, which have...
Large apartments are becoming scarce in Singapore as developers continue to shrink the sizes of newer units these days. For those who aspire to a bigger apartment and are looking at a value-for-money purchase, HUDC flats are an attractive option. This is clearly the case at the 918-unit Braddell View located on Braddell Hill, where there were four transactions from Aug 13 to 20. “The main attraction is...
THE new property rules introduced to cool the property boom are 'really for the HDB market' and not the private real estate sector, said CapitaLand Residential Singapore chief executive Wong Heang Fine. Mr Wong pointed out that people are still unsure about how the steps unveiled last month will affect the market. 'That will settle in the next two months and then we'll be able to assess what the real...
Analysts expect new home sales to have plunged in August Sale of new private homes are likely to have dropped to between 500 and 800 units last month, with developers and potential buyers sidelined during the Hungry Ghosts' Festival. This is according to analysts who talked to MediaCorp ahead the Urban Redevelopment Authority's (URA) monthly release tomorrow, which is expected to show transactions...