Out of 8,521 eligible units, only 470 HDB flats were sold over 12 months after achieving the five-year minimum occupation period (MOP) in 2013, according to media reports citing housing board data.This means only 5.5 percent put their units on…
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3 Reasons Why Developers Can Sell At High Prices
1. The advantages of market domination The property developer industry is an oligopoly. It is dominated by a few big players which are often large conglomerates. The entry barrier for new players in this industry is exceptionally high. With limited…
MAS Restricts Loan Tenure for Residential Properties
Singapore, 5 October 2012…The Monetary Authority of Singapore (MAS) will restrict the tenure of loans granted by financial institutions for the purchase of residential properties. MAS’ move is part of the Government’s broader aim of avoiding a price bubble and…
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