singapore property cooling measures

PropNex said the increased rate hit investment demand.

The rates increased to 60% for foreigners whilst 65% for entities or trusts.

This is linked to the large influx of supply and weaker economic performance. 

Asking help from bank lenders will be challenging this year.

It will take two years before China’s homebuying sentiment returns to normal.

Monthly price growth was down 1% since the property measures were enforced.

More than 8,000 BTO flats is expected to be launched in 2023.

The firm recorded $281m sales value.

This is due to fresh condo projects having finished construction.

New launches and strong demand for suburban homes uplifted prices.

DPM Lawrence Wong said housing is amongst the top concerns of young couples.

The new measures are aimed at ensuring prudent borrowing and moderating demand.

Private home sales prices rose 3.4% in the latest flash sales.

Specifically, the 15-month wait-out rule will impact homeowners.

This includes a 15-month wait-out period when selling a flat.

Residential units launched during the quarter dropped 73.1%.