Weighed by cooling measures, Singapore developers sold fewer homes in April with private home sales falling by 12 percent from March, latest Urban Redevelopment Authority data showed.
A total of 745 units were sold last month as compared to 843 in March, the data showed. Government curbs have softened demand in the housing market, Bloomberg reported, driving home prices down for the tenth straight quarter, the lengthiest streak in close to two decades.
Curbs include an additional stamp duty tax on home purchases and a limit on how much one can borrow, proportionate to monthly income.
There is no indication that the government will lift curbs soon. In February, Finance Minister Heng Swee Keat had said it was “premature” to do so.
Read Bloomberg for the full report.
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
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