Amidst all the announcements in last week's Budget 2022 speech, one caught our attention there's going to be an increase in property tax rates. The good news? It's only going to affect properties with an annual value of over $30,000. The bad news? People in Singapore still don't know what their property annual value is! And since it is.
2021 saw a double-digit price growth of 12.5 per cent for HDB resale flats, as well as a record number of million-dollar flats sold within the first five months of the year. In the same year, we saw the most expensive HDB resale flat transaction at $1.36 million. With all these headlines, many of us can’t help but think that.
As a fitting end to a rollercoaster year, December 2021 ended with new private home sales down more than half (58 per cent) compared to the previous month. In some ways this was expected, with the implementation of new cooling measures – but with demand at a peak, will we continue to see more subdued sales? Opinions from realtors and.
With the start of the new year, some first-time homebuyers in Singapore are understandably nervous: Home prices are at record highs across the board, and it's uncertain if late cooling measures from last December will have a significant impact. At the same time, the market has shown shifting preferences, as the realities of Work From Home arrangements and construction delays.
Resale flat prices are now at the highest since the last peak, in May 2013. On the ground, we’ve seen prices rise in both mature and non-mature neighbourhoods; and more than one reader has complained about Cash Over Valuation (COV), even in usually affordable areas like Yishun or Sengkang. With the new cooling measures yet to take much of an.