Tuesday, August 20, 2013
75% of S'pore home buyers delaying property purchases
75% of S'pore home buyers delaying property purchases
POSTED: 20 Aug 2013 5:49 PM
74 per cent of Singapore home buyers are delaying their property purchases, and 59 per cent of the respondents surveyed are confident prices will not decline.
SINGAPORE: 74 per cent of Singapore home buyers are delaying their property purchases, and 59 per cent of the respondents surveyed are confident prices will not decline.
According to a recent survey conducted by property website iProperty Group, 60 per cent of the Singapore respondents have called for additional cooling measures. This compares to 27 per cent who do not want further cooling measures.
The portal said 68 per cent of respondents surveyed prefer new launches, compared to 22 per cent opting for resale units.
51 per cent of buyers are purchasing homes for long-term investment, up from the previous survey's 30 per cent .
Condominiums remain a popular option, with 68 per cent interested in private condominiums, 35 per cent in HDB flats and 16 per cent in terrace houses.
Meanwhile,.iProperty said the survey of 2,825 Singapore respondents revealed that most owners remain confident about value protection and are generally not expecting declines.
More Singapore home buyers are also considering overseas property investment, increasing from 38 per cent in 2012 to 40 per cent in the recent survey. Iskandar Malaysia is the most commonly cited overseas option, with 59 per cent of home buyers having considered the option.
Separately, the survey found that consumers in Malaysia, Indonesia, Hong Kong, and Singapore continue to view affordability of homes as a major concern, despite the cooling measures introduced by the various governments in Asia.
The regional survey attracted close to 30,000 respondents, with the majority between 26 and 50 years old.
- CNA/ac
- wong chee tat :)
POSTED: 20 Aug 2013 5:49 PM
74 per cent of Singapore home buyers are delaying their property purchases, and 59 per cent of the respondents surveyed are confident prices will not decline.
SINGAPORE: 74 per cent of Singapore home buyers are delaying their property purchases, and 59 per cent of the respondents surveyed are confident prices will not decline.
According to a recent survey conducted by property website iProperty Group, 60 per cent of the Singapore respondents have called for additional cooling measures. This compares to 27 per cent who do not want further cooling measures.
The portal said 68 per cent of respondents surveyed prefer new launches, compared to 22 per cent opting for resale units.
51 per cent of buyers are purchasing homes for long-term investment, up from the previous survey's 30 per cent .
Condominiums remain a popular option, with 68 per cent interested in private condominiums, 35 per cent in HDB flats and 16 per cent in terrace houses.
Meanwhile,.iProperty said the survey of 2,825 Singapore respondents revealed that most owners remain confident about value protection and are generally not expecting declines.
More Singapore home buyers are also considering overseas property investment, increasing from 38 per cent in 2012 to 40 per cent in the recent survey. Iskandar Malaysia is the most commonly cited overseas option, with 59 per cent of home buyers having considered the option.
Separately, the survey found that consumers in Malaysia, Indonesia, Hong Kong, and Singapore continue to view affordability of homes as a major concern, despite the cooling measures introduced by the various governments in Asia.
The regional survey attracted close to 30,000 respondents, with the majority between 26 and 50 years old.
- CNA/ac
- wong chee tat :)
IRAS warns of scam email
IRAS warns of scam email
POSTED: 20 Aug 2013 5:41 PM
The IRAS has warned of a scam email with the subject title "IRAS Reward".
SINGAPORE: The IRAS has warned of a scam email with the subject title "IRAS Reward".
The scam email asks recipients to click on an attached link to fill in a form on a website to claim cash rewards, says the Inland Revenue Authority of Singapore (IRAS).
Members of the public should not respond to the email, click on its hyperlink or provide their particulars. The email and the website are scams, says IRAS.
The IRAS has made a police report and is investigating the matter.
Anyone who has received a suspicious email, letter, SMS or phone call purportedly from IRAS should immediately contact IRAS at iras@iras.gov.sg or call 1800 356 8225 to verify the authenticity of such a request.
- CNA/ir
- wong chee tat :)
POSTED: 20 Aug 2013 5:41 PM
The IRAS has warned of a scam email with the subject title "IRAS Reward".
SINGAPORE: The IRAS has warned of a scam email with the subject title "IRAS Reward".
The scam email asks recipients to click on an attached link to fill in a form on a website to claim cash rewards, says the Inland Revenue Authority of Singapore (IRAS).
Members of the public should not respond to the email, click on its hyperlink or provide their particulars. The email and the website are scams, says IRAS.
The IRAS has made a police report and is investigating the matter.
Anyone who has received a suspicious email, letter, SMS or phone call purportedly from IRAS should immediately contact IRAS at iras@iras.gov.sg or call 1800 356 8225 to verify the authenticity of such a request.
- CNA/ir
- wong chee tat :)
Bank of East Asia boards express investment train to China
Bank of East Asia boards express investment train to China
[HONG KONG] Bank of East Asia, a commercial lender in Hong Kong, has been approved to invest in China's bond and stock markets in yuan as the world's second-largest economy steps up financial market liberalisation.
Participation from banks in China's Renminbi Qualified Foreign Institutional Investor (RQFII) will break the monopoly of local brokerage firms and fund houses, bringing in more competition as banks have large yuan deposits for investment.
Bank of East Asia (BEA), incorporated in Hong Kong in 1918 and with a market capitalisation of less than US$10 billion, will be allowed to invest in China's fixed income and A-share markets with yuan funds from the offshore market via the scheme.
Francis Ng, general manager and head of treasury markets division of the BEA, told Reuters it will use its own RMB funds to invest in the onshore market under RQFII.
- wong chee tat :)
[HONG KONG] Bank of East Asia, a commercial lender in Hong Kong, has been approved to invest in China's bond and stock markets in yuan as the world's second-largest economy steps up financial market liberalisation.
Participation from banks in China's Renminbi Qualified Foreign Institutional Investor (RQFII) will break the monopoly of local brokerage firms and fund houses, bringing in more competition as banks have large yuan deposits for investment.
Bank of East Asia (BEA), incorporated in Hong Kong in 1918 and with a market capitalisation of less than US$10 billion, will be allowed to invest in China's fixed income and A-share markets with yuan funds from the offshore market via the scheme.
Francis Ng, general manager and head of treasury markets division of the BEA, told Reuters it will use its own RMB funds to invest in the onshore market under RQFII.
- wong chee tat :)
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