23 Apr '14, 2pm

New: Singapore Property News This Week #152

Singapore Property News This Week #152 April 23, 2014 Residential Residential investments dragged by cooling measures Total real estate investments in Q1 amounted to $4.7 billion, a 24 per cent increase from the previous quarter. While 41 to 45 per cent of real estate investments in Q1 are from residential transactions, this is expected to fall. Also, total real estate investment volumes are likely to drop 13 to 20 per cent from last year’s $28.6 billion, as the introduction of cooling measures and the Total Debt Servicing Ration (TDSR) framework drags private residential sales. Restrictions in supply of residential sites in the first half of this year, and increased interest rates will further weaken residential investments. (Source: Business Times) Fewer private homes sold in March According to the Urban Redevelopment Authority, private home sales fell from 2,793 units i...

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

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