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...
singapore property
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...
Shares of several developers and real estate service groups fell on Friday (July 6), a day after tough property cooling measures were introduced by the authorities. The share price of Oxley Holdings dropped almost 16 per cent to 34 cents, while City Developments’ (CDL) shares closed at S$9.46, down 15.6 per cent. Wing Tai Holdings’ share price fell 6.9 per cent to S$1.89. Propnex and APAC realty...
Knight Frank Singapore, the exclusive marketing agent representing the interests of the owners of Chancery Esquire, has announced the launch of the sale of Chancery Esquire, an exclusive freehold residential redevelopment site along Chancery Lane, by tender. Chancery Esquire is a private residential estate comprising a block of 31 apartment units ranging from 84 sq m to 158 sq m, and has a site area of...
The possibility of the Government introducing tightening measures to cool the property market "cannot be discounted", said DBS chief executive officer Piyush Gupta who noted that certain government agencies are "getting nervous" about the situation. Speaking on Thursday (July 5) at a luncheon on the bank's market outlook for the second half of the year, Mr Gupta was referring to the previous day's...
Eleven years after its failed attempt at a collective sale, condominium development Horizon Towers is on the market again at a reserve price of S$1.1 billion. The reserve price translates to S$1,964 per sq ft per plot ratio, and is more than double the S$500 million deal in 2007 with a consortium led by Hotel Properties that eventually fell through. The 99-year leasehold condominium at Leonie Hill...
Home prices are regaining the ground they lost since values started slipping five years ago with figures out yesterday underlining the buoyant market. The gains have been so robust that analysts are tipping that prices could hit a new peak by the end of the year. Their optimism stems from flash estimates showing that private residential values rose 3.4 per cent in the three months to June 30 - the...
Nestled in an idyllic location in Sembawang, in the northern part of Singapore, Kandis Residence is a condominium development located in a serene neighbourhood of low-rise landed housing. In order to portray sensory space, Kandis Residence is designed with a cascading water feature, glistening lap pool, inviting sunning lawn as well as inter-block courtyards and landscaped walkways. Rooms also are...