No subsales from units bought in 2013
Buyers who bough private non-landed homes in uncompleted projects and then sold them in H1 2014 before the issuance of Certificate of Statutory Completion held their properties for a longer period due to the seller’s stamp duty (SSD), based on a research by Ngee Ann Polytechnic as reported...
Continue Reading • 14 Aug 2014
CDL's net profit slides 32.8%
City Developments Limited (CDL) recorded a 32.8 percent decline in its net profit in Q2 2014 from $205 million in Q2 2013 to $138 million. However, its core earnings (excluding divestment gains in H1 2013) increased by 89.7 percent to $137.9 million in Q2 2014 against $72.7 million for the same...
Continue Reading • 14 Aug 2014
Vacancy rate in private residential market still 'healthy'
While the number of completed but unoccupied private homes in Singapore is growing, property watchers believe the vacancy rate is still “healthy”, reported the media. In fact, they even expect the number to increase over the next few years, with the suburbs witnessing the most...
Continue Reading • 12 Aug 2014
Price drops may continue for 12-18 months
With private home prices falling by just two to three percent in H2 2014, it could take another 12 to 18 months of price drops before the government may consider recalling some of its existing property cooling measures, said Steve Melhuish, CEO and Founder of PropertyGuru, in media reports. “The...
Continue Reading • 11 Aug 2014