property cooling measures

A stock investor's journey into the property market

SINGAPORE (July 8): This past week, an offer I made for a bright and airy apartment located along a quiet street in the Newton area was accepted. In a couple of months, if all goes well, I will be a property owner again. And, unlike residential properties I have owned in the past, I intend to hold on to this one for a long time.

A stock investor's journey into the property market

SINGAPORE (July 8): This past week, an offer I made for a bright and airy apartment located along a quiet street in the Newton area was accepted. In a couple of months, if all goes well, I will be a property owner again. And, unlike residential properties I have owned in the past, I intend to hold on to this one for a long time.

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Briefs

SINGAPORE (July 1): “Presidential Harassment!”US President Donald Trump’s tweet, following news that former special counsel Robert Mueller will be testifying in public on his investigations into Trump’s alleged dealings with Russia.

SIA and MAS to expand cooperation

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URA releases 2H19 GLS Programme with 5 confirmed list sites, 8 reserve list sites

SINGAPORE (June 6): The Urban Redevelopment Authority (URA) today released the 2H19 Government Land Sales (GLS) Programme, comprising five confirmed list sites and eight reserve list sites.

The five confirm list sites – Bartley Road/Jalan Bunga Rampai, Irwell Bank Road, Canberra Drive Parcel A and B, as well as Fernvale Lane – are private residential sites, including one executive condominium (EC) site (Fernvale Lane), yielding about 1,715 private residential units.

Singapore no place for speculators as home stability goals met

SINGAPORE (June 3): Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilised the property cycle, Minister for National Development Lawrence Wong said.

“The property market last year, before the cooling measures were put in place, we saw prices rising very sharply,” Wong, who is also second finance minister, said in an interview with Bloomberg Television on May 30.

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Singapore home sales inch higher in sign of residential recovery

SINGAPORE (Mar 15): Private-home sales in Singapore rose in February, one signal the market may be recovering from cooling measures implemented last year.

Developers sold 455 units, a 4.4 percent increase on January’s 436, the Urban Redevelopment Authority said in a statement Friday.

In July, the government imposed higher stamp duties and tougher loan-to-value rules to choke off a sudden bout of exuberance. That had the desired effect with private residential home prices in the city-state posting their first decline in six quarters in the three months to Dec 31.

UOB still a 'buy' despite target price cut to $29.80 due to slowing mortgage business: RHB

SINGAPORE (Jan 29): RHB is maintaining its “buy” call on United Overseas Bank (UOB) with a lower target price of $29.80 from $30.80 previously.

This is due to the bank’s slowing mortgage business, as a result of the residential property tightening measures, which took effect in Jul 2018.

In a Tuesday report, analyst Leng Seng Choon says, “Nonetheless, with 9M18 YTD loan growth of 8%, we believe a 10% loan growth for 2018 is likely.”

Worldwide Hotel Group unit places record bid for rare hotel site after cooling measures

Editor's note: We have corrected an earlier version of Bloomberg's story to say Midtown Development is a subsidiary of Worldwide Hotel Group, and not Oxley as previously stated

(Jan 16): A rare plot of land that’s zoned for a hotel near Singapore’s central business district has attracted a record bid as developers shift focus after last year’s property cooling measures.

Singapore shoe-box rule may cheer home buyers, not home builders

(Oct 24): Putting an end to “shoe-box sized” apartments in Singapore may be reason for residents to cheer but for developers, it could prove a double whammy.

Already hit in July by cooling measures that make it more expensive to buy and redevelop older apartment blocks, home builders have now been told there’s a cap on the number of units allowed in any one project. While the move is aimed at stopping ever-smaller dwellings, for developers it may necessitate a pricing rethink that could dent profitability.

Property launches continue unabated despite new curbs

SINGAPORE (Oct 23): Despite the new property development policies, City Developments and Oxley debuted their latest properties, Whistler Grand and Kent Ridge Hill Residences respectively, last weekend.

The two projects are targeted to launch officially on Nov 3. As at 1.20pm, shares in City Developments are trading at $8.15, while shares in Oxley are trading at 30 cents.

In a DBS report on Tuesday, The Whistler Grand at West Coast is expected to have an average price of $1,380 psf, while Kent Ridge Hill at Pasir Panjang is expected to cost about $1,700 psf.

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