Maybank’s economists attributed Singapore and Vietnam's more “V” recoveries to generous government subsidies, low interest rates, high household savings rate and work-from-home policies.
On an annual basis, total bank lending declined 1% in September, with business loans and consumer loans contracting 0.2% and 2.5%, respectively, from a year ago.
Affected homebuyers can seek reimbursement from developers, including the Housing and Development Board (HDB), for out-of-pocket costs due to construction delays, such as when they would have to rent a place for a longer period.
Only owner-occupied residential properties enjoy concessionary property tax rates. Properties which are rented out or vacant do not enjoy this concession, says Deputy Prime Minister Heng Swee Keat.
Social disamenities relating to noises, cigarette smoke and foul smells increased from 600 cases per month between January to March, to 2,100 cases per month from April to July.
The disbursement of Central Provident Fund (CPF) housing grants, decrease in the sales of flats, and the expected loss for flats that are currently under development have been attributed for the figures.
Christine Sun, Head of Research and Consultancy at OrangeTee and Tie noted that people were more acutely aware of the need to acquire larger unit “to set up a dedicated workspace or small office at home”.
In this partnership, ERA agents will be provided with Matterport's “digital twins” of properties which give prospective house buyers access to comprehensive, virtual, round-the-clock property viewings.
The three new appointed members are Lok Vi Ming, Managing Director of LVM Law Chambers; Ong Choon Fah, CEO of Edmund Tie & Company (SEA); and Thomas Tan, President of Singapore Estate Agents Association.
