New measures to curb property speculation
(via Straits Times, 14 Jan 2011)
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Tags: Day-to-day Issues, Housing, investment, on the news
Singapore Watch
Examining Singapore from the sidelines.
(via Straits Times, 14 Jan 2011)
Tags: Day-to-day Issues, Housing, investment, on the news
April 18th, 2011 at 12:08 am
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.