Will Singapore property prices fall in 2011? This is the most prevalent and significant question after rounds of undergoing property cooling measures. The Singapore property developers think that although sales volume might havedecrease , it is still too early to assess the effect made by the the imposition of the cooling measures. It is really [...]
Timing of property measures results in market volatility that hurts developers and shareholders, amid global downturn The latest moves to curb home ownership by foreigners and investment in Singapore property by locals came like a bolt from the blue to both the public and real estate developers. While the move to differentiate foreign and local [...]
As more and more MRT stations are built in Singapore, there has been plenty of discussion over asking as the whether the presence of an MRT station will help boost the prices of residential units situated nearby. For example the recently completed Circle Line . According to one school of thought, when the Circle Line [...]
SINGAPORE: The government has imposed an Additional Buyer’s Stamp Duty (ABSD) for private property of between 3 per cent and 10 per cent for Singaporeans, Permanent Residents and foreigners to moderate investment demand for private residential property and promote a more stable and sustainable market. The changes take effect on December 8. Foreigners will pay [...]
With the government implementing stricter restrictions for foreigners to acquire land in Singapore, it will now be tougher for permanent residents (PRs) to purchase landed homes. Law and Foreign Minister K Shanmugam expects the number of approved applications by PRs to make a drastic falll. In an interview with reporters, he confirms, “We have always [...]
This property-crazed city of five million seems hell-bent on disproving the old theory that what goes up must come down. Despite advice of a possible crash , land-squeezed Singaporeans and rich foreigners are still buying private (as well as resale public) Singapore property homes at red hot prices. giving a a cold shoulder to a [...]
The hopes and expectations among property developers were that the pre-Chinese New Year period would bring in better sales. Moreover, with the cooling measures playing out to large effect, realtors are welcoming a large numbers of visitors to their show flats however, manage to close a small number of sales. Singapore property experts told The [...]
The Housing and Development Board (HDB) resale market appears to be stabilising as prices climbed at a much less fast pace in the fourth quarter from the last three months and as potential buyers and sellers look forward to new policy measures. The HDB said that its Resale Price Index increased by 1.7 per cent [...]
According to the latest figures released by the Urban Redevelopment Authority, private home sales were surging in November until the new cooling measures on December 7 stopped growth. The market will get worse as sales are projected take a further 20% to 30% dip. A total of 1,854 homes including executive condominiums were snapped up [...]
A HIGHER than expected proportion of properties sold at auctions this quarter depicts a stabilisation in the Singapore property market, this is in accordance with the report from property firm Jones Lang LaSalle (JLL). The auctions market attain a sales rate of 10 per cent in Q4 2011, with seven transactions out of the [...]