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Prices of leasehold non-landed homes more resilient than freehold properties: Study
Amid the sluggish property market in recent years, prices of leasehold private homes appear to have been more resilient than those which are freehold, according to a study by consultancy Cushman & Wakefield. Cushman & Wakefield said prices of non-landed freehold homes saw a steeper drop of over 4 per cent since the third quarter … Continue reading
What will it take to reduce prices by 30 per cent?
Many have said the 30 per cent cut in new Housing and Development Board (HDB) flat prices that National Development Minister Khaw Boon Wan pledged recently will be tough to achieve without serious repercussions on the housing market. This is because it is very difficult to reconcile the divergent interests of existing owners with those … Continue reading
White Paper’s implications for property market
The recently-published and hotly-debated Population White Paper highlights the key demographic, infrastructural and economic challenges facing Singapore over the next 20 to 30 years. Specifically, it tries to balance the tricky demographic–infrastructure equation. On one hand are Singapore’s persistently low birth rate and consequent need for an immigrant population; on the other are growing concerns … Continue reading
Are singles less deserving?
Many singles have been waiting for months, some for years, but when it was finally announced that those among them aged 35 and above will soon be able to buy new flats directly from the Housing and Development Board (HDB), the details came as a big letdown. The singles have been eagerly awaiting the green … Continue reading
Investors hardest hit by new tax rules
Much has been made of the impact of the new property tax measures on high-end developers, but I would say that the hardest hit would be the investors. Under the revised tax rules announced in Budget 2013, investment property owners will face higher tax rates on the assessed annual values (AVs) of the properties from … Continue reading
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