Category Archives for Property
Measures to Ensure a Stable and Sustainable Property Market
MAS, MND and MOF made a joint statement on Friday announcing the following measures to ensure a stable and sustainable property market: 1) Introducing a Seller’s Stamp Duty (SSD) on all residential properties and residential lands that are bought after today and sold within 1 year from the date of purchase; and 2) Lowering the […]
COV for HDB Flats Hit Sky High
Fresh data from the Housing Board (HDB) showed that the median cash over valuation (COV) for HDB resale units rose to $24,000 in the fourth quarter of 2009. That is double the $12,000 median in the previous three months and breaks the COV record of $22,000 achieved in the fourth quarter of 2007. The top […]
Is There Demand for Smaller HDB Flats?
There was this article Cool Response to Smaller HDB Flats which stated that demand for smaller HDB flats is not as strong as expected. The numbers from HDB show the application rates for smaller flat types ranged from about 40 per cent to three times the number of flats offered – less than the typical […]
Is Property in Singapore Affordable?
There has been a recent spate of news and articles to the Straits Times forum regarding the current state of property prices in Singapore. While the government has acknowledged that private property prices are starting to show signs of a bubble by a series of changes announced last week, they have maintained that public housing […]
Interest Absorption Scheme Stopped
After weeks of warning, the government finally announced steps to cool down the Singapore property market yesterday. The first to go is the interest absorption scheme (IAS), which allows buyers of new properties to pay only the downpayment and nothing more until the property is completed. This scheme is particular useful to property speculators who […]