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Experts Forecast Lower Loan Growth

By Kim Wong / 3 years ago

Loan growth in Singapore is expected to fall to five percent for the whole of 2015, but this could decline further next year, reported Channel NewsAsia citing experts. “Between 2013 and 2015, while domestic growth has slowed down, overseas growth was able to compensate for slowness in domestic growth. But now, with China-led regional slowdown, even […]

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Tougher times Ahead For Housing Market

By Kim Wong / 3 years ago

Analysts expect Singapore’s private housing market to face tougher times next year, with the lacklustre economic environment dampening sentiment further, reported TODAYonline. The US Federal Reserve’s decision to raise interest rates and the existing property curbs could see prices drop by up to eight percent in the next 12 months. JLL’s National Director for Research and […]

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UK Tax Hike To Impact Overseas Buyers

By Kim Wong / 3 years ago

The UK government’s plan to raise sales taxes on second homes in Britain will also cover buyers living abroad, reported Bloomberg. In November, UK Chancellor of the Exchequer, George Osborne, said buyers of second homes as well as buy-to-let properties within the UK will have to pay stamp-duty sales tax that is three percentage points higher […]

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Non-Landed Home Prices Down 0.6%

By Kim Wong / 3 years ago

Prices of completed non-landed private homes dipped 0.6 percent in November 2015 compared to a 0.1 percent increase in the previous month, revealed flash estimates of the NUS Singapore Residential Price Index (SRPI). Excluding small units, prices in the central region fell 0.8 percent last month after rising 0.5 percent in October. In the non-central […]

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