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MariaSharpie

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S'pore's en bloc sales collapse after latest property curbs
« on: October 10, 2018, 06:59:59 pm »
Singapore residential-property investment sales have collapsed after the latest round of housing curbs put the brakes on 'en-bloc' redevelopment deals.

Just two redevelopment sales worth S$353 million were completed in the third quarter, down from S$3.8 billion of transactions the previous quarter, according to data compiled by Cushman & Wakefield Inc.

That pushed total real estate investment sales down 42 per cent to S$6.5 billion last quarter.

More at https://www.prolificskins.com/forum/current-affairs/s-pore-s-en-bloc-sales-collapse-after-latest-property-curbs

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beaverjuice

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Re: S'pore's en bloc sales collapse after latest property curbs
« Reply #1 on: October 12, 2018, 12:33:15 pm »
yeah .... glad Ravi Menon and Lawrence Wong stepped in with the July 2018 control measures.

it is not healthy to have run-away uncontrolled prices.

what we need is steady but controlled rise in prices - keeping pace with inflation.

also Singaporeans need to tailor their clothes according to the cloth.  don't wear big hat is head is not that big ....  buy HDB if you can only realistically afford it.

leave condos and landed properties to those who can afford to pay for it.
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."