In my earlier blog post "Why property prices won’t be recovering any time soon", I talked about 'regime uncertainty' and how the recent China stock market crash further undermined market confidence. During the free fall between June 12 and July 7, in less than a month Chinese equity investors lost more than $3.4 trillion in equity value. By end of August, investors suffered a … [Read more...]
Why property prices won’t be recovering any time soon
There was a recent article in the paper with the headline “Time to review property cooling measures” (Straits Times, July 4). The argument is that, if private home prices have been down; HDB flat prices have dropped; oversupply has worsened; rents have weakened; interest rates have risen; the real estate industry has shed jobs, it may be time for the government to review the … [Read more...]
Enforcing the law for a more transparent property market
Since my letter to The Straits Times Forum in December 2014 regarding the accuracy problem of private property transaction data, URA had replied about improving the property market data and releasing the nett prices of individual units sold by developers by the first half of 2015. In URA’s 1 April 2015 press release, there were six major changes in the revision of the URA … [Read more...]
Implications behind the improved URA Property Price Index
If you have a good memory, you may still recall that I have written to The Straits Times Forum in December last year on “Public deserves reliable, consistent data”. In URA’s reply, they mentioned about working towards making improvements to the property market data and will release the nett prices of individual units sold by developers on their website in the first half of … [Read more...]
The property market in the Year of the Goat
As we usher in the lunar new year, property enthusiasts are trying to peep into the crystal ball to see how the market will fare this year. Below are what PropertySoul.com sees in the Singapore property scene in the Year of the Goat (or Sheep). (Disclaimer: I have no vested interest in any property-related company, or influence from any individual in the real estate … [Read more...]