News Formal

Singapore residential market resilient due to strong foundations

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

“Our research shows that over the last fifteen years, median home prices in global gateway cities have appreciated at six per cent compound annual growth rate, more than double those same cities' rate of median income growth of about 2.5 per cent.”

DESPITE the cooling measures introduced on July 5, 2018, Singapore's residential property market has stayed resilient and quarterly primary home sales rose in the last three quarters, to the surprise of many.

We believe the housing market in Singapore is stable due to sound and sustainable housing policies, which has ensured continued affordability compared to other global cities.Our research shows that over the last fifteen years, median home prices in global gateway cities have appreciated at six per cent compound annual growth rate , more than double those same cities' rate of median income growth of about 2.5 per cent.

Canada, Australia, New Zealand, Hong Kong and the United Kingdom imposed additional taxes on foreigner buyers, second-home purchases and vacant homes. Singapore stands out as leading the pack, as we acted early to prevent home prices from rising to unsustainable levels and ensure affordability for the median household.

Singapore's housing policy has addressed both demand and supply. It has achieved one of the most successful outcomes in any global city. Singapore's median home price is estimated to be 4.6 years of income as at end-2018, lower than the 6.1 years in 2012.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 15. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Winter is coming for the Singapore residential market says new research'Winter is Coming', warns Sotheby's International Realty (ListSIR) in its recent research on the Singapore residential market. 'Winter Is Coming' is the motto of House Stark, one of the Great Houses of Westeros from the hit HBO series, Game of Thrones. The meaning behind these
Källa: YahooSG - 🏆 3. / 71 Läs mer »

Seoul: Stocks gain on strong US housing data[SEOUL] South Korea's KOSPI stock index rose on Friday after closing lower in the previous session, as solid US economic index offered a respite from the prolonged trade friction between the United States and China. Meanwhile, the Korean won and the benchmark bond yield rose. Read more at The Business Times.
Källa: BusinessTimes - 🏆 15. / 51 Läs mer »