Singapore's private residential property market is now "fairly valued", after price dynamics slowed in recent quarters, a recent UBS report said.
"Despite strong demand for living space, the housing market has left overvalued territory and we newly classify it as fairly valued," UBS said. Investors will also need to keep a lookout for regulatory risks, UBS said, as the government has not ruled out rental market regulations in the future. A skilled service worker in Singapore needs an average 10 years of income to be able to buy a 650 sq ft flat near the city centre. Hong Kong workers fared the worst - it would take 22 times the average annual income.
The Republic is ranked 14 out of the cities surveyed, based on the number of years that a flat needs to be rented out to pay for the property.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Property expert shares winning strategies for Singapore marketOrangeTee & Tie’s Donald Lin advises focusing on buyer sentiments and pricing slightly above the market range for sellers. The Singapore real estate market has recently witnessed a remarkable upswing in new home sales, achieving its highest point in over a year. This surge in sales can be attributed to the launch of four pivotal projects that have captured the attention of homebuyers and investors alike, according to Urban Redevelopment Authority (URA) data. Interviewed by the Singapore Business Review, Donald Lin, senior associate director at OrangeTee & Tie Pte Ltd, acknowledged that there is a diverse range of buyers attracted to fresh offers in the market and that it is important to keep an eye on buyer sentiments. Apart from their attraction to new housing units in the market that have unique features and strategic locations, Lin stressed on understanding buyers’ budgets. “If you’re buying a property for investment, that ranges from $800,000 to up to $1.7 million for a one or two-bedder,” he said, noting that there is a typical budget range for property buyers based on their preferences and use. Some specific price ranges, though, are for personal occupancy, added Lin who has a wealth of experience in the industry. “For owner occupation, the budget extends from $1.7 million to up to $3 million for the mass market,” he said. At present, there are concerns about rising property prices, particularly in the central region of Singapore. This stokes the common concern of whether or not it is the right time to buy property in the current market. In response to this, Lin said: “I always advise clients that there’s never a ‘best’ time to buy. Property prices in Singapore exhibit consistent growth over time. The decision to proceed should be based on their financial capability. Given the current environment, Lin turned his attention to sellers and offered valuable advice on attracting buyers in the current market scenario. “For sellers looking to transact their propertie
La source: SBRMagazine - 🏆 13. / 51 Lire la suite »