What the First Quarter 2012 URA Numbers Tells Us About the Property Market

The Urban Redevelopment Authority (URA) recently released their 1Q12 real estate statistics, and in this article we will look at the patterns emerging from the numbers for both the residential and non-residential (office, shop and industrial) segments. Residential – Prices fall for the first time since 2Q09 The URA Private Property Index (PPI) fell by…

Singapore Property News This Week #31

Residential A need for clearer ABSD guidelines The Additional Buyer’s Stamp Duty (ABSD) is the latest governmental measure aimed at cooling the residential market. The ABSD is imposed on foreigners and companies buying any residential property (including residential land), permanent residents buying their second and subsequent property and Singapore citizens buying their third and subsequent…