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Showing posts from June, 2019

Property Market sales in Singapore improved despite the brake on en bloc sales fever

If you have been actively following the real estate market in Singapore for the past 2 years, you would have remembered the hype that excites many Singapore private owners and real estate investors; the Enbloc Fever. Almost every month you would have heard of a private property development transacted a new record price from the Enbloc sales where real estate investor was looking out for properties that have enbloc potential.  The hype carried on for about 2 years before it died down due to the new cooling measures that the government had implemented in July 2018. Mainly due to the incremental of additional buying stamp duty (ABSD), a higher Development Charge (DC) and restrictions on the maximum number of new units which adds to the cost of land acquisition and thus, slowing down the enbloc fever. Why did the government implement such ruling?  It was noticeable that the enbloc fever has caused the prices of new launch properties to increase, due to the fact of higher and higher la