Login . Register .
Latest Trades
guuddayCLOSEDLONG47.55%UOL GROUP LIMITED
Alice AliciaCLOSEDSHORT46.81%KODA LTD
Alice AliciaCLOSEDSHORT47.64%KODA LTD
Post Reply 
Signs of new vigour in the property market
Author Message
11-8-2017 11:47 AM
Eva Online
Senior Sheep

Posts: 968
Reputation: 3
When ABSD, SSD and TDSR are still enforced, it means that demand is still supporting the inflated prices. Will market shoots up again without more measures?
Find all posts by this user Quote this message in a reply
11-8-2017 3:57 PM
Insert Offline
Senior Sheep

Posts: 513
Reputation: 2
You are right but the ease of SSD help a tiny bit. Govt not likely to remove the CM soon, still many rich buyers flushed with $$$, waiting to enter the market or already entered. Big smile


Quote: SINGAPORE: Home owners will only have to wait three years before selling their properties to avoid paying seller’s stamp duties (SSD), down from four years currently, under several adjustments made to property cooling measures.

With effect from Saturday (Mar 11), those who sell their properties within three years will also pay less in SSD, according to a joint press release by the Ministry of Finance, Ministry of National Development and Monetary Authority of Singapore on Friday. This applies to residential properties purchased on and after Mar 11.

The rate will be cut by four percentage points for each tier - properties sold in the third year will be subject to SSD of 4 per cent, while those sold in the first year will be subject to SSD of 12 per cent, down from 16 per cent currently.

Read more at http://www.channelnewsasia.com/news/singapore/seller-s-stamp-duties-cut-as-government-eases-some-property-cool-8760112
(This post was last modified: 11-8-2017 3:57 PM by Insert.)
Find all posts by this user Quote this message in a reply
11-8-2017 5:36 PM
Insert Offline
Senior Sheep

Posts: 513
Reputation: 2
Interesting statistics. 049

Quote:According to a recent Cushman & Wakefield report, developers paid an average of 29 per cent more for residential sites in the first quarter of 2017 compared to 13 per cent in the second half of 2016.

[Image: chart-2-sg-property.jpg]

Government Land Sales

However, Ms Christine Li, head of research at Cushman & Wakefield, said the higher premium this year stems from the optimism in the market rather than unrealistic bids.
“Over the past three years, if you look at the developers’ balance sheets, they are overall healthy because they’ve cleared off the most of their unsold units - the figure is at a historic low,” she said.

The recovery in the market has prompted developers – from all countries - to bid higher, she addded.

“They are going in with the mindset that they will be selling within 12-18 months. That’s why they are bidding ahead of market fundamentals.”

Read more at http://www.channelnewsasia.com/news/singapore/have-chinese-developers-created-new-dynamics-in-the-singapore-9110620
(This post was last modified: 11-8-2017 5:38 PM by Insert.)
Find all posts by this user Quote this message in a reply
11-8-2017 5:45 PM
maipenrai Offline
Elite

Posts: 3,598
Reputation: 8
10-8-2017 8:37 PMPROFILER wrote  Posting such threads going into the 7th month, it does show signs of desperation.

Gate opening coming.

Chit guek chew it on 22 Aug 2017.
Find all posts by this user Quote this message in a reply
27-10-2017 5:36 PM
Insert Offline
Senior Sheep

Posts: 513
Reputation: 2
Huat ah ! Big Grin

Quote:SINGAPORE: Signalling the upturn of the property market, private home prices in Singapore went up 0.7 per cent in the third quarter, rising for the first time in nearly four years, according to latest figures from the Urban Redevelopment Authority (URA) on Friday (Oct 27).
The rebound compares with a 0.1 per cent decline between April and June, and is also better than the 0.5 per cent estimate flashed by URA earlier this month.

Prices of private property in Singapore have declined for 15 straight quarters since 2013, when new major property cooling measures were announced. Those measures saw the introduction of rules to restrict home buyers’ monthly debt payments, and came after a series of property curbs imposed since 2009 to rein in the market.

With the third's quarter's performance, overall private property prices have cumulatively risen 0.3 per cent in the first three quarters of 2017, compared with a 2.6 per cent decrease in the same period last year, noted Mr Eugene Lim, key executive officer of ERA Realty.

"Prices increases were observed in all segments of the market," Mr Lim said in a note.

"This may be a strong indication that the market is finally turning after stabilising over the last four years. However, buyers need not be overly worried that prices will see a robust spike as the market recovery is expected to be gradual."

Read more at http://www.channelnewsasia.com/news/singapore/private-home-prices-up-0-7-in-q3-first-rise-in-nearly-4-years-9348944
Find all posts by this user Quote this message in a reply
27-10-2017 5:50 PM
SLine Offline
First Class Elite

Posts: 9,945
Reputation: 6
Developers are already busy adjusting price Up by at least, 10%-20% or even more. Late already.

So the cooling measures that cool the market by 13% after a few years are make redundant. The market rises even more than all pre-cooling measures.
(This post was last modified: 27-10-2017 5:58 PM by SLine.)
Find all posts by this user Quote this message in a reply
27-10-2017 5:56 PM
SLine Offline
First Class Elite

Posts: 9,945
Reputation: 6
Seems need a fire hydrant & not small buckets of water to cool.
(This post was last modified: 27-10-2017 5:56 PM by SLine.)
Find all posts by this user Quote this message in a reply
27-10-2017 5:57 PM
talkingstocking Offline
First Class Elite

Posts: 9,612
Reputation: 7
27-10-2017 5:50 PMSLine wrote  Developers are already busy adjusting price Up by at least, 10%-20% or even more.

So the cooling measures that cool the market by 13% after a few years are redundant. The market rises even more than all pre-cooling measures.

Then there will be more cooling measures?

Fake news found :

http://sgtalk.org/mybb/User-SmarTIndex

SgTalk allows the use of FAKE news as signature! thumbs up

30-6-2017 6:44 AMtester wrote  He is using the signature to state his belief. Not neccesarily based on fact
Find all posts by this user Quote this message in a reply
27-10-2017 5:58 PM
SLine Offline
First Class Elite

Posts: 9,945
Reputation: 6
27-10-2017 5:57 PMtalkingstocking wrote  Then there will be more cooling measures?

Water Hydrant measures. Future new launches are going to sell at future price loh........
(This post was last modified: 27-10-2017 6:03 PM by SLine.)
Find all posts by this user Quote this message in a reply
27-10-2017 6:02 PM
OLT Offline
Senior Elite

Posts: 10,203
Reputation: 6
price go up abit nia pour water?

our zenghu response where got so fast de?
Find all posts by this user Quote this message in a reply
Post Reply 
User(s) browsing this thread: 1 Guest(s)

Forum Jump:
Contact . Privacy . Rules .  RSS . Back-to-Top