With the aim of providing quality property investment and ownership opportunities to investors and buyers, PropertyGuru, Asia’s leading property portal, will hold its second Malaysia Property Showcase this weekend, 25 to 26 February 2012, at the Orchard Hotel, Singapore. This showcase comes after the additional buyer’s stamp duty (ABSD) was introduced in Singapore in early
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Singapore has been ranked as the ninth most expensive city to rent in a new report – but evidence from recent weeks suggest rental prices may have already dropped by 20 percent since the start of the year. One agent told PropertyGuru she had just signed a deal to let a property that was previously
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January’s private home sales were undaunted by the gloomy economic outlook and recent cooling measures, recording 2,077 transactions for the month, a whopping three times higher than December’s 670 units. Excluding executive condominiums (ECs), this marks a 55 percent year-on-year rise to 1,872 units compared to 1,210 units in January 2011. Top-selling projects include Watertown
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Foreign property buyers in Singapore are being promised a ‘partial reimbursement’ of the additional buyer’s stamp duty (ABSD) which was introduced in early December 2011 in an attempt to curb overseas interest. Property developer Far East Organization is giving foreigners at its Watertown development (pictured) in Punggol a three percent ‘reimbursement’ upon contract signing and
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One London real estate agent has issued a warning to property owners who are expecting to reap the benefits of increased rental returns during this year’s Olympic Games, which run from July 27 until August 12. Lucy Morton, Senior Partner and Head of Lettings at prime central London estate agency W A Ellis, said, “We
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With the robust property sales seen in January, some netizens have proposed that the 10 percent additional buyer’s stamp duty (ABSD) be increased. Over at the Parc Rosewood condo development, more than 165 of the 236 units released were snapped up and there’s also been strong take-up seen at Watertown. A PropertyGuru reader said that
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Minister for National Development, Khaw Boon Wan, has taken to his blog to share data on the amount of cash-over-valuation (COVs) paid by different groups of buyers, following his parliamentary response on Monday which caused a lot of controversy. The figures show that private property owners and second-time buyers paid the highest COVs for resale
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Asia’s leading property portal group, PropertyGuru, has extended its market leadership position in its core markets, with revenue, agents and traffic continuing to grow rapidly, ahead of expectations. PropertyGuru’s revenue grew over 60 percent year-on-year, while property agent subscribers continued to grow rapidly, with an almost 50 percent increase, exceeding 16,800 at the end of
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Bank of America (BofA) Merill Lynch cited in its recent report that 20 percent of the total number of private home transactions recorded last year were accounted for by foreign buyers, while PRs and Singaporeans made up a respective 13 percent and 67 percent share. “This is a big jump from 10 years ago, when
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If the results of the latest PropertyGuru real estate affordability sentiment survey are anything to go by, the majority of home buyers in Singapore should be satisfied with the latest government cooling measures. Carried out in cooperation with market research firm, Blackbox Research, the survey polled over 1,737 respondents and revealed that home buyers and investors
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