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Mr. Quek Leng Beng, CEO of CDL has also weigh-in and hope that the government will loosen the cooling measures in the coming budget announcement. But has the price really came down to an affordable range? hope the government will make a wise decision.
["As the property market starts to cool, I would like to humbly suggest that this may be the right time to tweak the control measures in the light of concern over the global economy even in the year of the horse. It does take time for the medicine to work. Both the private and public sectors want a soft landing," he added.]
Friday, February 07, 2014
Resale flat COV hits low reached in 2009 crisis
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Resale flat's median COV or cash over valuation used to be around 35k during good time. Now its only about 3k. while rents stay stable at 2.3k.
[Median cash-over-valuation (COV) premiums for Housing and Development Board resale units dived from $5,000 in December to $3,000 last month - similar to the previous low in June 2009 during the Global Financial Crisis - as eight out of the 28 HDB towns saw zero or negative median COV.]
Resale flat's median COV or cash over valuation used to be around 35k during good time. Now its only about 3k. while rents stay stable at 2.3k.
[Median cash-over-valuation (COV) premiums for Housing and Development Board resale units dived from $5,000 in December to $3,000 last month - similar to the previous low in June 2009 during the Global Financial Crisis - as eight out of the 28 HDB towns saw zero or negative median COV.]
Property sector hopes for the pain to end
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Wishing upon a star, that the government will loosen the housing cooling measures.
[For property players, there is one Budget wish above all else: that some of the cooling measures introduced previously - including the total debt servicing ratio (TDSR) and additional buyers' stamp duty (ABSD) - might be tweaked or even rolled back.]
Wishing upon a star, that the government will loosen the housing cooling measures.
[For property players, there is one Budget wish above all else: that some of the cooling measures introduced previously - including the total debt servicing ratio (TDSR) and additional buyers' stamp duty (ABSD) - might be tweaked or even rolled back.]
Redas-NUS index throws up mixed signals
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[In the latest Real Estate Sentiment Index (RESI) survey, the Composite Sentiment Index that captures the overall market sentiment of property developers increased to 4.0 in the fourth quarter of 2013, up from 3.9 in the third quarter.
[In the latest Real Estate Sentiment Index (RESI) survey, the Composite Sentiment Index that captures the overall market sentiment of property developers increased to 4.0 in the fourth quarter of 2013, up from 3.9 in the third quarter.
The Future Sentiment Index also edged up to 4.0 from 3.9 over the same period.
In this index, developed by the Real Estate Developers' Association of Singapore (Redas) and the National University of Singapore, a score under five is a flag for deteriorating market conditions.]
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