Market Updates

HDB simplifies home-buying process with streamlined eligibility assessments

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28th April 2023 SIngapore – In an effort to simplify the home-buying process, the Housing and Development Board (HDB) in Singapore has announced the consolidation of eligibility assessments for HDB flat purchases, Central Provident Fund (CPF) housing grants and HDB housing loans into a single application through the HDB Flat Portal. According to HDB, buyers …

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The government implements further property cooling measures, increasing ABSD for foreign buyers to 60%.

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27th April 2023 – Foreign property investors hit with doubled ABSD rates while marginal increases for Singaporean and PR in Singapore’s latest cooling measures The Government has announced plans to raise ABSD from April 27 Effective immediately, foreign buyers will need to pay 60% ABSD when purchasing any residential property in Singapore Second-time Singaporean homebuyers …

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Revolutionizing Singapore’s Housing Market: Major Updates to Public Housing Measures and Buyer’s Stamp Duty in Budget 2023

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14 February 2023 Deputy Prime Minister and Finance Minister Lawrence Wong delivered the Singapore Budget 2023 in Parliament today, with the Budget’s theme being “Moving forward in a new era”. And among the key announcements, new measures are introduced to address raising concerns in the property market in Singapore such as the long waiting time …

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Strategies for Home Buyers in the Face of High Interest Rates: What You Need to Know

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30 January 2023 The new cooling measures may have an impact on the overall property market, but there are still opportunities to be found for those who are willing to adapt to the changing conditions. With the recent implementation of new cooling measures in the Singapore property market, you may be wondering whether it’s the …

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In the face of increasing interest rates, cooling measures are being implemented to moderate the demand for housing

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SINGAPORE, 30 September 2022 To manage the surging housing demand and encourage responsible borrowing during the era of higher interest rates, the Singaporean government has unveiled additional cooling measures. The set of measures revealed on September 29, 2022, involves constraints that will limit the loan amounts, affecting both the private and public residential sectors. Moreover, …

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