Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to [email protected] so our editors can use them as sources.
Singapore's property oversupply is an unintended consequence of government measures to force developers to build and sell homes quickly or face stiff penalties, according to the chief executive officer of City Developments Limited (CDL).
Singapore's second-largest home builder has voiced his opposition to a rule that imposes a levy on companies if they do not complete construction and sell all units within a period of five years from acquiring land.
CDL's Sherman Kwek said the timeline should be lengthened to seven or even 10 years "so that it reduces the immense pressure on developers and prevents the current supply glut from worsening".
Real estate related news stories from Singapore
- Rising Mortgage Defaults in Singapore: Should You Be Worried?
- Singapore condo rents up in November, HDB rents slip: SRX
- Tourist surge to Singapore helps push hotel deals to record
- Condo rents up 1.2% while those for HDB dip 0.1%
- Chart of the Day: Private home vacancy rate eased 0.3 ppt to 6.1% in Q3
Asian property news round up
- APG-Xander JV Buys Pair of India Malls From Tata Realty for INR 7B
- OSK Property focuses on quality homes
- VSIP grants red books to first homeowners of Sun Casa
- Identifying apt locations for industrial property
- Shun Tak JV Paying RMB 4.7B to Buy 50% of Mega-Project on Shanghai’s Suzhou Creek
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About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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