SINGAPORE: Singapore’s property market faces “potential downside risks” from a large supply of unsold units in the medium term and an uncertain economy, said the Monetary Authority of Singapore (MAS) on Thursday (Nov 28). In its annual Financial Stability Review, the central bank urged prospective buyers, especially households that are highly-leveraged, to be mindful of […]
While the government’s latest round of property cooling measures may prove to be a bane for en bloc sale aspirants, some developers and home loan providers, some analysts expect the new curbs to benefit the HDB market in the near-term, reported Singapore Business Review. Larger HDB units may witness continued demand from displaced en bloc […]
SINGAPORE’s hot property market has been put on notice. For the second time in eight months, the central bank is warning of a bubble building up and cautioning developers, banks and home buyers to proceed with care. Property observers say the warnings are a reality check that the government will step in if the market […]
All the obstacles facing Singapore’s property market might not be cleared, but one dark cloud over the luxury end has disappeared, analysts said. Singapore’s extremely-high-end properties are now cheap compared with similar luxury properties in other major capital cities, according to Brandon Lee, a property analyst at JPMorgan in Singapore. After a 15-25 percent drop […]
Singapore’s housing market, which has posted seven straight quarterly declines in home prices, may face harder times ahead. The latest housing data point on Wednesday showed home sales slumped 42 percent in June from a month earlier to the lowest this year — fueling concerns of further declines in prices that have already recorded the […]
