But this decline is still not as severe compared to initial price falls observed in past crises.
These limits will also not apply to the principal and interest for deferred payments on mortgages, as part of the Singapore Government’s package to aid homeowners during this challenging period.THE RECOVERY IN THE RENTAL MARKET Private properties have generally yielded positive capital appreciation over the past 30 years. Based on URA’s price index, prices of properties have risen across all market segments and weathered through some of the toughest crises including SARS, the Asian financial crisis and the global financial crisis.For those who intend to buy properties for rental income, the leasing market has remained strong.
The number of non-landed transactions rose from 666 units in the third quarter of 2019, to 951 units in the fourth quarter and 1,032 units in the first quarter of 2020. As sales volume tends to rebound within three to four quarters, the window of opportunity for buying a property during a price correction is quite small.Our study analysing the profitability of private property over the years also reveals that many who bought new private homes during a downturn and resold them subsequently have made attractive profits.
The number of new project launches will decline after 2020 as the last collective sales cycle has ended in 2018 while government land sales have generally been on the decline for the last eight years.
S'pore, backed by a gd track record, peaceful, no-nonsense govt & its Property By-Laws gives P~of mind to Investors. Sg is well air-connected globally & its easy functional home road transport sys. Up to date/practi~ bldg design & convenient lifestyle. Gd Edu sys & facilities
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Source: BusinessTimes - 🏆 15. / 51 Read more »