New measures to curb property speculation

(via Straits Times, 14 Jan 2011)

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One Response to “New measures to curb property speculation”

  1. Foo Choo Fatt Says:

    Under the government’s control of housing prices recently and anti-speculation, the subsale ativities are still very active.

    There are 2 cases which I know very well. In December last year, I was looking at buying the apartment City Square Residences. I was offered by many agents whom told me that there are buyers who entered into option with nominees and will cash out for a range of $50,000 to $100,000. The unit I looked at then was around $1.5M and today similar units are in access of $1.75M.

    There is a new project at 17 Jalan Rajah the Sky Suite. I was at the soft launch on the second day and seen many units snapped up. These units are now all over in the iproperty and the property guru website.

    I hope the government is doing something serious about this.

    Land and housing are very limited in Singapore and we cannot let this continues.

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