Residential
Property market may heat up from QE3
With the influx of US$40 billion into the US economy each month under the QE3, there have been worries that this could lead to an influx of foreign funds into the property market in Singapore, potentially leading to more rounds of cooling measure. However, some said that it is too early to be sure of any impact that the QE3 has on the local property market, especially since recent deals sealed usually involved local buyers. The government may also have differential measures in future cooling measures so as to not penalise genuine owner-occupiers. The current demand for property is not solely due to the low interest rates, the large number of immigrants, and shoebox units with lower absolute prices also play a part.
(Source: Business Times)
Private home sales fell by 27% in August
1,421 units excluding ECs were sold by developers ...
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