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Posted by Stacked Homes | Jul 28, 2021 | Property | | In the Savills blog, executive director Alan Cheong recently examined the correlation between Singapore’s GDP, and rising property prices. In this recap, we’ve picked out the crucial points that we feel are most useful to home buyers/investors right now; along with some thoughts and on-the-ground observations. First, why align home prices to GDP? This was the first area we looked at, since it’s often asked whether home prices should have any relation to GDP. Savills highlighted the following advantages, in aligning the two: Prevents further deterioration or improvement of a modified Gini coefficient for asset prices (the Gini coefficient is one way to describe inequality. In a broad sense, the division between haves and have-nots in Singapore is well reflected by the kind of housing we buy. ....
The Big Read: Rising prices, building delays young couples face perfect storm in quest for home sweet home Toggle share menu Advertisement The Big Read: Rising prices, building delays young couples face perfect storm in quest for home sweet home Advertisement Singapore The Big Read: Rising prices, building delays young couples face perfect storm in quest for home sweet home The delays couldn’t have come at a worse time for young couples eager to set up their very first marital home, newly-weds say. In pre-pandemic days, prospective homeowners were waiting for about three to four years following a new launch for a flat under the BTO scheme. Now, they will have to add between six and nine months, or even a year in some cases, to the waiting game. (Photo: TODAY/Ili Nadhirah Mansor) ....
The Big Read: Amid societal changes, how will the link between family formation and housing policies evolve? Toggle share menu Advertisement The Big Read: Amid societal changes, how will the link between family formation and housing policies evolve? Advertisement Singapore The Big Read: Amid societal changes, how will the link between family formation and housing policies evolve? For single Singaporeans, the road to securing a roof over their heads has been more challenging than some others, when for the longest time, a Singaporean’s marital status is a key factor in determining their eligibility for public housing. A reflection of new HDB flats under construction in Yishun, on Mar 10, 2021. For single Singaporeans, the road to securing a roof over their heads has been more challenging than some others. (Photo: Ooi Boon Keong/TODAY) ....
Three years ago, it was touted as a development that would rejuvenate Singapore’s central business district. But an upcoming building in the city-state could have fallen victim to the pandemic, which has upended the office market as work from home remains a long-term arrangement for some companies. ....