Property cooling measures: One month on

Singapore — The property cooling measures may not have been popular when it was introduced last month, but analysts believe interest in properties has not dampened. Channel NewsAsia’s Cheryl Lin has the full story.

Source: channelnewsasia.com

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Private home prices up 3.4% in second quarter

SINGAPORE: Private home prices rose 3.4 per cent in the second quarter of this year, according to the latest figures from the Urban Redevelopment Authority (URA) on Friday (Jul 27).

This continues a rising trend in the last three consecutive quarters, with prices rising 3.9 per cent in the first quarter of this year, 0.8 per cent in the preceding quarter and 0.7 per cent in the third quarter of last year.

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Buyers keen on private homes despite cooling measures

Singapore — Two weeks after the cooling measures were announced, the appetite is still strong for new launches. About 3,000 potential buyers flocked to the preview of The Tre Ver condominium on Saturday. Wendy Wong finds out how the private home market has been fairing and what this means for buyers.

Source: channelnewsasia.com

New private home sales slump 20.2% in June

SINGAPORE: Sales of new private homes slumped 20.2 per cent year-on-year in June, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jul 16).

Excluding executive condominiums (ECs), developers sold 654 private homes in June compared with 820 units in the same month last year. This was also a 41.7 per cent decrease from the 1,122 private homes sold in May – a nine-month high fuelled by a deluge of new launches.

Including ECs, 706 units were sold in June, a drop from the 1,259 sold the previous month and 1,064 homes sold in June last year.

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Property stocks slump after announcement of new cooling measures

Singapore — Property stocks in Singapore came under heavy selling in early trade on Friday (Jul 6), as investors reacted to surprise news of fresh cooling measures announced a day earlier.

In an effort to “cool the property market and keep price increases in line with economic fundamentals”, the Government said on Thursday evening that it would raise the Additional Buyer’s Stamp Duty (ABSD) rates and tighten loan-to-value (LTV) limits on residential property purchases.

The new rates take effect on Friday.

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Higher ABSD rates for second homes among new cooling measures

SINGAPORE: The Government announced on Thursday (Jul 5) that it is raising Additional Buyer Stamp Duty (ABSD) rates and tightening loan-to-value (LTV) limits on residential property purchases, in an effort to “cool the property market and keep price increases in line with economic fundamentals”.

The move comes several days after official data showed that private home prices had risen to its highest point in four years in the April to June quarter, with analysts predicting that prices could soon recover to 2013 peak levels.

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New private home sales hit 9-month high in May on deluge of new launches

SINGAPORE: Sales of new private homes rose to the highest in nine months in May thanks to a deluge of new launches by developers, with suburban projects proving to be the most popular.

Developers sold 1,121 private homes in May, an increase of 53.1 per cent from April and 7.9 per cent from the same month last year, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jun 18).

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