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Singapore announces new property cooling measures

Updated from : The Business Times, 16 Dec 2021 SINGAPORE on Wednesday moved to cool its housing market amid rising concerns that the property boom might tip the market into bubble territory. From Thursday (Dec 16), the government will raise additional buyer’s stamp duty (ABSD) rates and tighten the total debt servicing ratio (TDSR) threshold. … Continue reading Singapore announces new property cooling measures

New cooling measures overturn sanguine outlook for new private home market for 2022

Updated from : The Business Times, 16 Dec 2021 DEVELOPERS’  prognosis for the positive momentum in private housing spilling over into 2022 was overturned last night when the government announced a slew of property cooling measures. In the first 11 months of the year, developers sold 12,467 new private homes – a “spectacular performance”, highlighted … Continue reading New cooling measures overturn sanguine outlook for new private home market for 2022

Resale condo prices up for 16th straight month in November, longest consecutive rise since 2013

Updated from : The Straits Times, 14 Dec 2021 SINGAPORE – Condominium prices in Singapore continued to rise last month, inching up by 0.8 per cent to mark the 16th consecutive month of price rises, according to flash figures by 99.co and SRX Property released on Tuesday (Dec 14). Compared with November last year, prices … Continue reading Resale condo prices up for 16th straight month in November, longest consecutive rise since 2013

MAS warns Singapore households on rising mortgage debt ahead of potential interest rate hikes

Updated from : The Straits Times, 6 Dec 2021 Singapore households have amassed a larger pile of debt than they had before Covid-19 struck, thanks to a buoyant property market. Hence, households must carefully assess their ability to meet mortgage obligations and those with a heavy debt load should not take on more loans, the … Continue reading MAS warns Singapore households on rising mortgage debt ahead of potential interest rate hikes

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