29 Jan '14, 2pm

New: Singapore Property News This Week #140

Although home sales and home prices have dropped, a poll by the Business Times for CEOs and industry-group leaders revealed that cooling measures for the property sector are unlikely to be rolled back. Data showed that home sales dropped to the lowest since Jan 2009, and URA’s overall private housing price index decreased 0.8 percent in Q4 2013. Yet it would be premature to say the property market is stabilizing because more time is needed to assess if the cooling measures have sustained their objective of managing property speculation. Market watchers also applaud the Total Debt Servicing Ratio (TDSR) which has effectively shown that low-cost financing has been a catalyst for property purchases.

Full article: http://www.propwise.sg/singapore-property-news-this-week-...

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