The Singapore Government have announced new anti-speculation market measures over fears that double-digit property price increases are unsustainable in the long-term. The government are hoping that the new measures will create a more stable and sustainable property market.

Singapore properties are amongst the most expensive in Asia with prices rising 5.3% quarter on quarter in the second three months of the year and 5.6% in the first three. Even during the global financial troubles, the Singapore property market continued to grow, bucking the trend of many other nations.  Read more... (224 words, estimated 54 secs reading time)

Proposed income tax law changes in Singapore have provoked a negative reaction with experts believing the changes will put off prospective real estate buyers.

The Singapore Ministry of Finance have stated that there will be no tax on the gains from an individual who sells a property after 1 January 2010 if they have not sold any other properties in the previous four years. Experts are calling for clarification as the wording leads some to believe that individuals who sell more than one property over a four year period look set to pay more tax.  Read more... (172 words, estimated 41 secs reading time)

Residential property prices in Singapore are continuing to fall according to the latest figures. In the first three months of 2009, property prices in Singapore have fallen by an average of 13.8%, a trend which began last year and one which appears to be intensifying. The last three months of 2008 saw Singapore real estate prices drop by 6.1 percent.

Experts are pointing the figure firmly at the global economy thanks poor macro-economic conditions, perceived poor job prospects and people tightening their belts worldwide. Developers have begun to slash the prices on new builds and this has helped fuel weaker market sentiment which has in turn pushed down the prices of non-new build property.  Read more... (247 words, estimated 59 secs reading time)