New private home sales plunge 92% in Dec on back of fewer launches, year-end holidays
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- Опубликовано: 7 фев 2025
- Private home sales took a hit in December, plunging 92% from the previous month. Analysts said this was expected, given the lack of new supply and buyers travelling over the holidays. They expect private home prices to rise between 4% and 7% this year, due to fewer completed homes available and cheaper loan rates. This could feed developers' appetite for more land. But with the en bloc market still in stagnation, acquiring land may pose a challenge. Alexandra Anand reports, while Professor Sing Tien Foo from the NUS Business School shared more about the property market and cooling measures.
It should have been made clear to all that quite simply, public housing on a 99-year lease cannot be expected to appreciate endlessly.
Why is it not clear. Do ppl not understand what is a lease?
Singaporean want to buy stupid thing, you think you can stop? Got too much money let them do stupid thing, you got brain you earn lah
With private home sales slowing down, it’s a reminder of how vital it is to support our local Singaporean small businesses! 🇸🇬💼 They are the backbone of our economy, driving growth even in challenging times. Let’s come together to shop local, strengthen our community, and make a positive impact. Who else is ready to back our homegrown businesses? 🙌✨
Stop spamming
👍
Correct.
@@yourmomgay5319 Thank you for your feedback-we definitely don’t want to come across as spamming! Our intention is to encourage meaningful support for local businesses, especially during challenging times. 🇸🇬 Small businesses are an integral part of our community, and every bit of support helps them thrive. We’ll take your comment into account and work on sharing our message in a way that feels more engaging and less repetitive. Appreciate your understanding! 🙏
@@yourmomgay5319 Thank you for your feedback-we definitely don’t want to come across as that! Our intention is to encourage meaningful support for local businesses, especially during challenging times. 🇸🇬 Small businesses are an integral part of our community, and every bit of support helps them thrive. We’ll take your comment into account and work on sharing our message in a way that feels more engaging and less repetitive. Appreciate your understanding! 🙏
What kind of news is this ? 🤣🤣🤣🤣 of course the sales plunge when there’s no new launch !
Joke rite?? Even PSLE kids understand
its not just plunge but also job losses. Then these folks realised they are over committing to something they cannot pay using future money
The Enhanced housing grant has a income cap of $4500 for singles and $9000 for families, it is not a main driver driving up HDB resale prices as not many will get to enjoy the Enhanced housing grant. Those who enjoyed the Enhanced housing grant will also be unlikely to afford 4/5rm HDB, it is the whole market that has been created by the existing policies that is driving up prices that needs to be relooked into, especially those who bought HDB just to flip profit and did not stay there during the MOP period...
Wow! S'poreans are very rich indeed, thanks to the first-world PAP govt for bringing them wealth by means of high employment rate and high income.❤
Its easy to Control Resale HDB prices. Just introduce Income ceiling. Anr Implement current rules STRICTLY for PRs.
For now stop PRs buying HDB, untill the market stabilise
Where is the location ? From the english accent, I can only guess.. it is just a Singapore market.
Monthly numbers don't count.
Private or Public, all up to Gov to manage timelines. 😂😂😂
Did the newscaster say “la”
Lawrence Wong finally spoke the unvarnished truth about 99-year leases - that flats would be returned to the HDB and only a small percentage of flats would undergo the Selective En-Bloc Redevelopment Scheme (SERS).
Which part of 99 year lease do you not understand?
@@benchan1000 ikr lol
Build more Rts links, things might change😊
so ?
I’m not sure why this news is couched this way since it is obviously expected that there would be little sales in December (peak holiday period) after the new launches just the previous month. Seems to be sensationalising it a little
Everyone is on holiday
NO FTS🤣🤣🤣🤣🤣
Still want to rise price…😂😂😂
Mr Leong Mun Wai’s constant badgering for details from the Government, we now have specific data for a recent HDB project in Ang Mo Kio for the purpose of consideration.
PAP LIED ABOUT THE VALUE OF OUR HOUSE and HDB they cannot be trusted on OUR HDB
A more responsible narrative would have informed the public that capital gains would be possible only in the short to medium term.
you need to take your pill and go to bed if you don't understand what 99 years lease means, no $ buy freehold mai complain
Are they really getting value for money paid for their 99-year leasehold, as Mdm Ho puts it?
You can rent, do not buy since in your word both also do not belongs to you.
There's nothing to sell so sales fall. Yes, that is generally what I would expect. 🙄🤌