Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh signs of softening.
Prices for prime waterfront properties around the world are on average 40% higher than comparable properties inland, new research has found.
Guess which city managed to top a luxury real-estate ranking despite a slew of cooling measures to tame its property market?
The guidelines, which apply to applications for developments outside the central area received on or after Jan. 17 next year, tighten rules first introduced in 2012.
The land-starved island is known for its gleaming skyscrapers and contemporary architectural designs that punctuate its skyline like the Marina Bay Sands hotel
The pace of growth was the quickest since the second quarter of 2010 when home prices rose 5.3 percent, and beat an earlier estimate for Q1 2018 of 3.1 percent
The government this week raised the stamp duty on the portion of a residential property's value above S$1 million ($761,615) to 4 % from 3%
A series of aggressive land deals by developers, against the backdrop of rising apartment sales and the first quarterly rise in private home prices for four years
A series of blockbuster land deals in Singapore this year signal the city-state’s property market is set to break out of its prolonged slump in 2018.
According to Yahoo News, Singapore is bound to join a growing list of countries that have tightened the rules and regulated Airbnb’s disruptive services. The regulations will also hit similar home-sharing platforms.
One of the measures could the imposition of fines against recalcitrant home-owners who do not remove their properties from Airbnb listing after fulfilling the rental period imposed.
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