Singapore Retains Top Spot as World’s Most Competitive Economy

In the latest edition of the IMD World Competitiveness Ranking, Singapore has held on to its No.1 position for a second straight year in the annual list of 63 economies that analyses their ability to generate prosperity. Factors behind Singapore's success includes Its strong economic performance arising from robust international trade and investment, employment and labour market measuresthe relative ease of setting up businessthe availability of skilled labourcutting-edge technological infrastructurestable…

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Have Property Cooling Measures Lost Their Punch?

"Why do cooling measures lose their potency? 1. Buyers tend to adapt to each measure; 2. Continued income and wealth growth of buyers from Q3 2013 to Q2 2017; 3. Prospect of wealth preservation and price appreciation" "So how long does it take before cooling measures lose their punch? It depends on the economic fundamentals, major events, and the geopolitical situation on the global front. There had been times when…

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Singapore Property Market Outlook amidst the Covid-19 situation

Provided herewith is a collection of articles that we have collated to provide readers with a fair perspective of where the Singapore Property Market is likely to go amid the Covid-19 situation. Government is closely watching the market to ensure property prices are stable and sustainable. During this unprecedented time, Government is supporting citizens' livelihood with job saving measures as well as getting banks to defer home loan payments till…

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Market Trend for Private Residential – 1Q2020

Non Landed Residential Property - Apartments & Condominium Sales Volume is generally lower on a quarter to quarter and year on year basis.Compared to the same period last year, Mar 2020 volume is lower by 446 units. (1172 in Mar 2020 vs 1618 in Mar 2019)In comparison to 4Q2019, 1Q2020 sales volume is also lower by 4551 units (3723 in 1Q2020 vs 8274 in 4Q2019). Average psf for Resale is…

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Market Trend for Private Residential – Dec 2019

Non Landed Residential Property - Apartments & Condominium Sales Volume was generally lower on a quarterly and yearly basis.Compared to 3Q2019, 4Q2019 volume was lower by 676 units. (4551 in 4Q2019 vs 5227 in 3Q2019)In comparison to 2018, 2019 sales volume was also lower by 2769 units (17326 in 2019 vs 20095 in 2018). Average psf for new sales in 2019 was trending generally higher over the past year because…

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Private Home Prices increased by 0.5% in 4Q2019

4th Quarter 2019 Home Price Index Private home prices in Singapore was revised higher to 0.5 percent quarter-on-quarter in the fourth quarter 2019 from a preliminary estimate of 0.3 percent rise and after an 1.3 percent increase in the previous period. This marked the third straight quarter of growth in private home prices, as cost of landed property rose (3.6 percent vs 1 percent in Q3). At the same time,…

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Singapore private home prices to rise by about 2% in 2020 and 2021: Fitch Ratings

Prices rebounded slightly in the second quarter of 2019, and Fitch Ratings projects minor growth for the rest of this year. PUBLISHED DEC 18, 2019, 12:05 PM SGT SINGAPORE - Fitch Ratings sees Singapore private residential prices growing by around a "modest" 2 per cent in both 2020 and 2021, about the same as this year and down from nearly 8 per cent in 2018. "We expect home price growth…

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