International property consultant Edmund Tie is reporting this week that amid signs Singapore's economy has turned the corner and is on track to a projected growth of between 4% and 6% for the year, investment and residential sales outpaced other sectors to enjoy a robust recovery in Q1 2021.
International property broker EDMUND TIE is reporting that with signs of progressive economic recovery in play for Singapore, private home activity continued on an upward trend for five consecutive months to reach 1,329 units transacted in September 2020.
Developers sold 1,329 units last month, the most since July 2018, according to the Urban Redevelopment Authority's data.
The measures include allowing developers to extend the completion time for projects and a relaxation of a rule that penalises some firms for not building and selling homes in a timely fashion.
Hong Kong, Singapore and Osaka have just been ranked as the world's most expensive cities to live in.
The private residential property index dropped 0.6 percent from 2018's last quarter, preliminary data from the Urban Redevelopment Authority showed on Monday.
Prime property price growth in key cities around the world slowed in the second half of 2018 to just 0.4% but overall increased by 2.3% across 2018, the latest international index shows.
Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh signs of softening.
Prices for prime waterfront properties around the world are on average 40% higher than comparable properties inland, new research has found.
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