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HOMEBUYERS should rejoice as it looks like a home loan war is afoot. DBS Bank has been lowering its home loan rates, forcing rivals to scramble to match its offerings in order to prevent the mortgage giant from gobbling their market share. The bank said that, last month alone, it enjoyed a more than 50 per [...] Big turnaround after blip of last year’s Q4; choice locations feel the buzz too The private housing market has entered the year on a firm footing, with developers’ home sales in January rising to 1,476 units – three times as high as the previous month. They also hit their highest level since August last year. Of the [...] Experts see a shift from mass market sector, say big jumps in prices unlikely After the unexpected mid-recession housing boom last year, all eyes are now on whether the property market will continue to sprint ahead or if it will finally stop for a breather. The answer, according to property consultants, is a bit of both. While the [...] They rose 7.3% in Q4, while HDB resale prices also continued to climb Private home prices continued their ascent in Q4 last year, climbing an estimated 7.3 per cent from the previous quarter. This sent prices for 2009 up 1.7 per cent from a year ago, defying bleak prognoses of double digit falls when the financial [...] Singapore private home prices suffered their biggest drop in more than 30 years in the first three months of 2009 as the country’s worst-ever recession hammered investor sentiment in the recently booming property market. Home prices fell 13.8 per cent in the first quarter of this year compared with the previous quarter, the Urban Redevelopment Authority [...] Mass-market sales may ease, focus is on high-end homes Markets are stabilising and developers here are ready to roll out pricey homes. Industry watchers are keeping their fingers tightly crossed for the high-end residential sector, which could see more launches next year if economies sail smoothly towards recovery. According to Colliers International estimates, 10,671 private homes are [...] |
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