Property Alert
Property Prices Rising? When and Why?
Are you aware that Singapore property transactions are on the rise? Why is this so?
Here are some possible reasons:
1) The latest cooling measures announced in March 2017 lowered Seller's Stamp Duties (SSD). Besides a lowering of stamp duty, there was also a reduction in property holding period. This led to a "jump start" to higher property sales transactions.
2) Land sales cost is also on the rise due to land "stock" demand by developers. News of many en-bloc properties have taken place and will continue to take place. The signs are quite clear for those waiting to enter the property market. A simple question to ask is "If land sales cost is rising, what do you think the prices of properties will be going forward?"
Here are some possible reasons:
1) The latest cooling measures announced in March 2017 lowered Seller's Stamp Duties (SSD). Besides a lowering of stamp duty, there was also a reduction in property holding period. This led to a "jump start" to higher property sales transactions.
2) Land sales cost is also on the rise due to land "stock" demand by developers. News of many en-bloc properties have taken place and will continue to take place. The signs are quite clear for those waiting to enter the property market. A simple question to ask is "If land sales cost is rising, what do you think the prices of properties will be going forward?"
P.s. If you have landed on my website before and read this Property Alert page, you would know that property prices will rise soon and it did.
(See attached excerpt from Bloomberg news on 2nd Oct 2017):
