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Lee Hsien Loong’s - 1 It’s - 1 Una Galani - 1 Katrina Hamlin - 1 Thomas Shum - 1
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SINGAPORE Singapore United States China Dubai Hong Kong
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OrangeTee - 1 Thomson - 1

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3 mentions found


☆ Pricey property is a pointy dilemma for Singapore
  + stars: | 2023-06-28 | by ( Anshuman Daga | ) www.reuters.com   time to read: +4 min
It’s a pointy problem however for a country that traditionally has managed housing for the masses well. In June, Prime Minister Lee Hsien Loong’s government said it would redevelop the city’s only horse racecourse for housing, including public homes. It notes some 40,000 public and private housing units are due to be completed this year, the highest level in five years. Singapore also hiked taxes on private second-home purchases. The government insists they have hardly had any impact on housing demand.
Persons: Lee Hsien Loong’s, It’s, Una Galani, Katrina Hamlin, Thomas Shum Organizations: Reuters, OrangeTee, Thomson Locations: SINGAPORE, Singapore, United States, China, Dubai, Hong Kong
☆ Singapore's surprise property tax hike a 'freezing measure' for foreigners
  + stars: | 2023-04-27 | by ( Chen Lin Xinghui Kok | Chen Lin | Xinghui Kok | ) www.reuters.com   time to read: +4 min
REUTERS/Edgar SuSINGAPORE, April 27 (Reuters) - Vera Liu, a Singapore property agent, was panicking in the wee hours of Thursday morning after new property taxes saw two of her deals fall through. Policymakers are growing concerned that foreign investors increasingly see Singapore property as a hot asset class, squeezing out locals. Christine Sun, the senior vice president of research & analytics at OrangeTee & Tie, called it a "freezing measure" for foreign buyers. Shares of Singapore property companies fell on Thursday, with City Development (CTDM.SI) and UOL Group (UTOS.SI), which have large Singapore footprints, hit hardest. "There's little impact on the other 90%," said Mak, who has been analysing Singapore property for more than two decades.
☆ Singapore's mortgage costs are rising — but some buyers are shrugging off higher rates
  + stars: | 2022-10-27 | by ( Abigail Ng | ) www.cnbc.com   time to read: +6 min
The rising cost of borrowing is unlikely to have a major impact on Singapore's property market, analysts told CNBC. Ore Huiying | Bloomberg | Getty ImagesSINGAPORE — The rising cost of borrowing is unlikely to have a major impact on Singapore's property market, analysts told CNBC. Singapore's real estate market is backed by wealth, according to Christine Li, head of Asia-Pacific research at Knight Frank. Demand driversHowever, it doesn't mean the residential property market ignores rising rates and looming risks, said Alan Cheong, executive director of research and consultancy at Savills. "However, past trends indicate that our property market is highly resilient and usually rebounds within six months of a cooling measure," she said.
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