Cooling measures may turn investors away from S’pore residential property into stocks
By STRAITS TIMES SINGAPORE: Singapore’s property cooling measures could deter investors from residential property and into stocks, according to investment experts. The latest measures imposed an additional 10% stamp duty on foreigners buying private homes, a move that could affect demand and investment strategies, said DBS Group Research. “Owner-occupier buyers are likely to hold back [...]
IOI targets project at Singaporeans
By THE STAR KULAIJAYA: IOI Corp Bhd does not see any effect from the additional 10% stamp duty ruling imposed by the Singapore government on foreigners buying private property on its new project there. IOI Properties Bhd senior general manager Simon Heng said the company was targeting Singaporean buyers instead of foreigners for its Clementi [...]
IOI Corp wins bid for S’pore condo land
By THE STAR KUALA LUMPUR: IOI Corp Bhd has won a bid for a parcel of land in Singapore for S$408mil (RM995.5mil) that would enable the company to be involved in mass property market in the island-state. IOI Corp said its 99.8% indirect subsidiary Multi Wealth (S) Ltd had been notified by the Housing and [...]
Private home price hike continues to moderate
By SINGAPORE STRAITS TIMES SINGAPORE: The rate of increase in private residential property prices continued to moderate for the 9th consecutive quarter, according to flash estimates by the Urban Redevelopment Authority. The private residential property index rose from 205.7 points in the third quarter of 2011 to 206.2 points in the fourth quarter of 2011. [...]
Bright outlook for rental market
By THE STAR SINGAPORE: The rental market could brighten for landlords this year as home-buyers defer buying units in the wake of the recent cooling measures, said analysts. They believe the larger pool of tenants might stabilise the rental market or even drive a pick-up of up to 5% in rents over the next 12 [...]
S’pore loses lustre, investors considering other options like Hong Kong
By THE STRAITS TIMES SINGAPORE SINGAPORE: The heavier stamp duties announced last week may have already dented Singapore’s standing as a major property investment destination while giving rivals such as Hong Kong a boost, said analysts. Britain-based consultancy Black Brick Property Solutions said it has received inquiries from Asian and overseas investors who had been [...]
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