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Singapore Home Prices Set to Extend Declines, Keppel Land Says

Posted by Property Launch Invest on Wednesday, 13 August 2014 in Property News

Home prices in Singapore will probably extend declines as the government sticks with curbs, according to Keppel Land, signaling further losses for Asia’s second-most expensive housing market.

“Home prices are expected to continue to moderate,” chief executive Ang Wee Gee said at a results briefing on Wednesday. “Singapore is unlikely to relax property-cooling measures in the short term.”

Singapore Central Bank Says Too Early to Ease Property Curbs

Posted by Property Launch Invest on Thursday, 07 August 2014 in Property News

Singapore's central bank said it’s too early to ease property restrictions after prices in Asia's second-most expensive housing market fell for three straight quarters.

Real estate prices “remain at elevated levels,” Ravi Menon, managing director of the Monetary Authority of Singapore, said at the release of its annual report today. “It’s very important that we secure the gains that we’ve made in stabilizing the market and restoring financial prudence.”

Singapore’s property stocks fell for the first time in eight days as the central bank signaled its determination to extend a campaign that began in 2009 and included tighter mortgage rules and extra taxes. Residential values in the island-state dropped for a third quarter in the three months through June, the longest losing streak in five years.

Singapore Shows Asia How To Crack Down on Housing Bubble

Posted by Property Launch Invest on Tuesday, 03 December 2013 in Property News

Singapore, the city-state that banned chewing gum to curb litter, is showing the rest of Asia how to cool a housing bubble.

The government this year ramped up efforts to bring down property prices that surged to a record, adopting some of its strictest measures, including a cap on debt at 60 percent of a borrower’s income, higher stamp duties on home purchases and an increase in real-estate taxes. The combination and timing of the curbs is the most comprehensive among governments battling housing bubbles, according to Vishnu Varathan, an economist at Mizuho Bank Ltd.

The curbs are proving more successful than in Hong Kong and China where policy makers have experimented with a variety of initiatives to temper soaring housing markets. Home prices in Singapore have gained 33 percent since 2009, while they have more than doubled in Hong Kong in the period.

PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

Singapore Home Prices Set to Extend Declines, Keppel Land Says

Singapore Central Bank Says Too Early to Ease Property Curbs

Singapore Shows Asia How To Crack Down on Housing Bubble