Tag Archives: property

CHALLENGES AHEAD FOR SINGAPORE PROPERTY MARKET

Following the Singapore government's repeated efforts to rein in home prices, the city state's residential market will come under further pressure, said Lim Ming Yan, CEO of CapitaLand - Southeast Asia's largest developer. "In the short term, with all the policy measures we see the residential market to be under a bit more challenges, but otherwise it's still a good market for us to be in," said Lim told CNBC on Wednesday.

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Singapore home prices may drop 10-15%, says DBS CEO

Singapore's property prices could fall by 10 to 15 per cent this year, as government cooling measures and mortgage curbs continue to dampen the property market. This is the outlook from DBS Bank's CEO Piyush Gupta. His comment came during the bank's results briefing on Friday. Since 2009, the government has rolled out a series of measures to rein in property prices, and the impact is showing.

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I AM A BIG TIME PROPERTY DEVELOPER

My unsold properties are seeing their values stagnated and not rising. My profits are not growing. This is bad. How can the govt do this to me? Nevermind if I have made millions and billions in the last decades and laughing to the banks, having an extremely good life from the profits that I have made. Now I am not happy as my properties are not making the kind of profits that they should be making. My gosh, the price actually came down by 1%! Horror, I am having nightmares, cannot sleep.

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Property market slowdown forces home renovation companies to close

The slowdown in the property market, under the weight of policy measures and loan curbs, has impacted the home renovation industry in Singapore. The Renovation and Decoration Advisory Centre said, in the past two weeks, three to four of such companies have told them that they are thinking of calling it quits.

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Condo rental yield dips below 4%

Non-landed private residential rental yield fell below 4 per cent last year, the Singapore Real Estate Exchange (SRX) said today (Jan 17). Overall, the median gross rental yield for non-landed private residential properties dropped from 4.2 per cent to 3.9 per cent last year.

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