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The cooling measures on 30th September seem timely, after the latest results. September 2022 has seen a record number of million-dollar flats sold in a single month, and rising prices reveal December’s cooling measures had little to no impact. Despite this, all attention seems to have turned to 4-room and smaller flats. Here’s what’s going on: September 2022 has set...
With tighter loan limits and a 15-month wait for some for resale flats, the latest round of cooling measures is poised to shake up the property market. In these volatile and uncertain times, we’d say the changes are prudent – and simple enough that they won’t overly panic the market. Still though, with every set of cooling measures, some people...
The Singapore government has announced new cooling measures, in a response to rising interest rates and record-high home prices. Some of these, such as a higher floor rate for measuring debt servicing ratios, were long expected; but others, like an increased wait-out period for resale flats, came as a surprise. Here’s what you need to know: First, for property loans...
We have seen perhaps more change in our real estate industry over the past decade, than in the past 30 or 40 years. From higher stamp duties, to a transformed resale flat market, there is a lot to process. At a fundamental level, this should affect how we see and choose our property purchases; but it may be time to...
Before there was such a thing as BTO flats, HDB flats were built BEFORE they were sold. In 1989, there was a massive oversupply of flats in Woodlands and Yishun. In response to the oversupply, HDB combined many unsold units into jumbo flats, effectively halving the number of unsold flats. Jumbo flats are essentially the biggest HDB flats you can...