SingaporeCapital: Singapore
Language(s): Chinese, Malay, English, Tamil
Population: 4,588,600
Total Area: 683 km²
GDP (in million USD): 318,900

 

Singapore, officially the Republic of Singapore, is a Southeast Asian island city-state off the southern tip of the Malay Peninsula, 137 kilometers north of the equator.

During the year to Q4 2012, Singapore's private residential property price index rose 2.8%, according to the Urban Redevelopment Authority (URA). In contrast, when adjusted for inflation, the property price index actually fell by around 1.1% over the same period.

The rise in the nominal price index pales in comparison with the 38.2% price hike (34% in real terms) during the year to Q2 2010, a period which saw the fastest price-rises of the recent boom. Measures were introduced in October 2012 to limit mortgage tenure to 35 years, and to lower to 60% the LTV ratio for loans longer than 30 years, or loan periods extending beyond age 65.

Despite this during the last ten months of 2012 19,792 homes were sold, 21% higher than the previous record of 16,292 transactions (in 2010), according to Savills Singapore. The strong demand was in part due to record-low interest rates and developers' marketing strategies. In particular, the cooling measures have not had much effect on executive condo (EC) buyers. Sales of ECs are estimated at 4,000 units for 2012, near the combined sales figure for 2010 and 2011 of 3,935 ECs.

 

drmlogo 1

Follow us

BloggerGoogle+LinkedInPinterestFind Us in Slideshare and enjoy our PresentationsTwitterDRMprefab in WordpressYouTubeFacebookTumblrStumbleuponFollow us in ScribdFind us on InstagramFind us on DailyMotion

Contact Details

Canada HeadQuarters
Address: 7888 Saba Road, Richmond, B.C.
Canada V6Y 0A2
Tel: +1(604) 782-5545
Caribbean Islands
Saint Lucia, MyHome LTD
Address: Cas en bas or Gros-islet
Castries, Saint Lucia
Tel: +1(758)724-6868
 
Haiti
Agent: Yvon St-Martin
Directeur Yvon Services Immobiliers
Address: 69, Rue 17 I-J, Cap-Haïtien, Haïti
Mob/Whatsapp: +509 4078-8676
Mob: +509 3809-3815
Latin America
Agent: Pedro Ignacio Soto Gonzalez
Address: Circunvalacion Durango 383/401
Montevideo - Uruguay
Tel: (+598) 29163483
Fax: (+598) 29163509
Mobile: (+598) 92041688
Oceania
Papua New Guinea
Agent: John Nado
Address: Port Moresby, Papua New Guinea
Tel: (675)73302159
 
Kiribati
Agent: Kantaa Randolph
White Wing Construction
Address: P.O. Box 361 (Bik),
Abarao village, Tarawa Island
Kiribati
Mob: +686 730 67877
North Africa
Agent: Naser Ghoma
Address: Air port road , Tripoli
Mob+Viber: 00218954142692
Mobile: 00218945130540