introduced by the Government in December to cool the private residential and Housing Board resale markets.
“The market caught a chill after the Government imposed cooling measures on Dec 16, 2021,” said Huttons Asia senior director for research Lee Sze Teck. OrangeTee & Tie's senior vice president of research and analytics at OrangeTee & Tie Christine Sun had a similar sentiment. She noted, however, that the full impact of the new cooling measures is yet to be seen, as a number of deals were closed before the property curbs kicked in.
Selective reporting of statistics. Records will show that December to February are a lull for private properties. Year on year or month on month from march to august will be the real gauge.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European new car sales down 1.5per cent in 2021 - ACEABERLIN : New car registrations in Europe fell 1.5per cent in 2021, even further below the previous record low of 2020 sales, industry data showed on Tuesday. A global semiconductor shortage and other supply chain issues have dampened deliveries of cars globally, with many carmakers sitting on half-finishe
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Thai domestic car sales drop 4.2per cent in 2021, seen higher this yearBANGKOK : Domestic car sales in Thailand fell 17.2per cent in December from a year earlier and dropped 4.2per cent in the whole of 2021, due to coronavirus outbreaks and a shortage of microchips, the Federation of Thai Industries (FTI) said on Monday.Car sales totalled 86,145 units in December and 759,119
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China's 2021 land sales slow sharply as property developers struggleBEIJING :Chinese government revenue from land sales climbed a mere 3.5per cent last year, a sharp slowdown as the country's property developers grapple with a liquidity crunch caused by regulatory efforts to rein in the sector's ballooning debt.Revenue grew to 8.7 trillion yuan ($1.4 trillion), data from the It’s inevitable for the slow land sales in China. It will get worse with the coming months. Going to take at least a year or more for the China property market to stabilise.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Streaming drives 2021 recorded music sales to record $26 billionLONDON: Global recorded music revenues rose 18.5 per cent last year driven by an increase in listeners tuning into paid subscription streaming, marking the market\u0027s seventh consecutive year of growth to a record US$25.9 billion, according to a report released on Tuesday. Meanwhile, a recovery in physical r
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Puffed with pride: Cuba's legendary hand-rolled cigars post record sales in 2021HAVANA : Cuba's state cigar monopoly, Habanos S.A., said on Wednesday it logged record sales of its famous hand-rolled smokes in 2021, rebounding strongly after two years of pandemic-induced sluggishness.Curbs on travel in 2020 due to the coronavirus had dealt a serious blow to demand from countries relia
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »