28 Aug '15, 10am

Home sales expected to remain low for August and September. More: #Singapore #Property

Home sales expected to remain low for August and September. More: #Singapore #Property

In the residential property market, Singaporeans continue to pursue investments in Australian property especially with the weakening of the Australian dollar. As at June 2014, the top sources of foreign investment in Australia were China and the United States followed by Singapore. Channel NewsAsia quoted Reapfield Property Consultants as having 12 to 15 sales at their latest roadshows, up from the standard ten sales. This is in spite of stricter regulations imposed by Australia on foreign property investors, such as additional administrative fees for foreigner applications on property investments, as well as a harsher penalty for buying resale homes. Foreigners are only allowed to purchase new homes in Australia.

Full article: http://www.iproperty.com.sg/news/10678/Week-in-Review---2...

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