Daily Archives: July 6, 2013 (8 Articles Found)

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Waiting Game

It’s official – the private home sales volume is down. And this decline has been happening since Mar, according to SRX. But many sellers still refuse to budge, said Mr Cheah Kian Choong, property director at I-Realty. “In…

COVs for resale flats fall to two-year low

Cash premiums for resale flats have hit their lowest level in more than two years, as the cooling measures introduced at the start of the year continue to make their impact felt. According to data released yesterday by…

Loan curbs hit variable income earners

The new rules on mortgage lending could leave good earners like remisier Alan Goh out in the cold if they try to take on a bigger home loan. Mr Goh relies entirely on commissions for his monthly income…

Private resale home prices up slightly

Resales of city centre homes lifted overall resale prices last month, as buyer sentiment recovered slightly after Jan’s round of property market cooling measures, analysts said. Resale prices of non-landed private homes rose 1.8 per cent islandwide last…

Stay cautious on property stocks, investors advised

The big property firms knew exactly what was in store on Mon: New measures outlined last Fri to rein in mortgage lending would trigger the usual sell-down. And so it proved with carnage across real estate counters. City…

Stiff home loan curbs a long-term measure

If you have been considering taking up a home loan, the new lending limits that local banks must apply will probably have you wincing. And no wonder, they are one of the toughest sets of loan rules worldwide.…

Property is not a one-way bet to wealth

In its latest round of loan restrictions, MAS closed a loophole that some home buyers were using to get favourable terms for their second or subsequent mortgages. Parents who wanted to buy another property for themselves were putting…

A step towards more financial prudence

Whatever the immediate effect of the new borrowing rules for property buyers introduced last week, their implications go far deeper than the need to cool soaring prices. The TDSR framework for all property loans granted by financial institutions…

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