Are the Aug 30 property-related measures appropriate or do they need to be fine-tuned? Will they be sufficient to cool the property market and alleviate speculative pressure, or would other measures be needed? Lim Soon Hock Managing Director Plan-B Icag Pte Ltd I THINK the newly introduced property-related measures to cool the property market and to alleviate speculative pressure are appropriate and...
singapore property
250 out of 300 units taken up at NV Residences' preview With the ghosts month ended, property buyers are coming back. But the end of the Hungry Ghost Festival isn't the only reason that there was an uptick in buying activity over the weekend. A new major launch helped, along with home seekers given more time to think over the new measures. Most of the deals were concentrated on NV Residences in Pasir...
Increase in transactions of small units keeping prices above $1,000 psf Small unit size is not only the new popular; it's also what has skewed per square foot (psf) prices upwards in recent time. The median price quantum of developer sales has dropped from about $1.4 million in April this year to $1.2 million in May and June and $1.1 million in July - but median psf prices have hovered above $1,000 psf...
Buyers waiting for prices to drop, but developers hold steady IT IS fewer visitors and even fewer sales for property showflats across the island as buyers play a waiting game in the hope of seeing prices fall. But developers' asking prices at most showflats are holding steady, with one - NV Residences in Pasir Ris - even increasing prices over the weekend. Two weeks after measures to cool the market...
HOUSING is not just what a typical Singaporean thinks of, it is also what he thinks with. Residential property, either public or private, is the single largest asset in the vast majority of Singaporeans' household portfolios. In turn, residential property also constitutes one of the largest financial assets in our economy. This means that what happens in the property market has an impact on financial,...
THE new measures aimed at restraining property speculation will have different implications for four different groups: the speculators, unconstrained housing investors, constrained home owners or upgraders, and those about to become home owners. Speculators are short term 'flippers', who take advantage of imperfect information about the markets to profit by buying and selling property whenever housing...
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...
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...