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20-03-2015, 02:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
http://therealsingapore.com/sites/default/files/styles/large/public/field/image/redredred.jpg?itok=AMRpQ28t
According to a recent report by SRX Property, the Private Condo market in Singapore has suffered about a $15 Billion loss since January last year and this has resulted in more and more property owners falling into the red.
The price falls has occurred differently around Singapore with the above map showing the distribution of loss.
The map shows the average number of homeowners who would lose money if they sold their condos this year at market prices.
The Seletar area has the largest percentage of loss makers at about 44% or a market loss of about $117 million since last year. MacPherson and Braddell also have significant numbers of homeowners who would be in the red if they were to sell now.
Areas not making big losses include Mandai where only about 9% of private homeowners would make a loss.
SRX noted that there was no clear trend in terms of location or price per square foot to predict which homes will be affected more.
However, the firm noted that the large number of homeowners in the red is due mainly to the cooling measures such sa the Additional Buyer Stand Duty and the Total Debt Servicing Ratio which is affecting demand and therefore price.
They noted that ever neighbourhood and different characteristics in age, design, unit size and more and these preferences reach out to different buyers who are each affected in different ways by the single, national cooling properties.
This is why there is such an uneven distribution of property losses.
Despite the uneven pattern, it is clear that there are many home owners who are facing Red prospects in the Housing market. It appears that prices are falling and this is a concern for those who still have large outstanding mortgages as if they do face trouble paying them off, they may be forced to sell even though their homes are worth less than before.\
http://therealsingapore.com/content/...homeowners-red (http://therealsingapore.com/content/srx-property-more-homeowners-red)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?203027-Sinkie-Homeowners-Suffer-As-PAP-Gives-In-To-Opposition-Pressure!&goto=newpost).
http://therealsingapore.com/sites/default/files/styles/large/public/field/image/redredred.jpg?itok=AMRpQ28t
According to a recent report by SRX Property, the Private Condo market in Singapore has suffered about a $15 Billion loss since January last year and this has resulted in more and more property owners falling into the red.
The price falls has occurred differently around Singapore with the above map showing the distribution of loss.
The map shows the average number of homeowners who would lose money if they sold their condos this year at market prices.
The Seletar area has the largest percentage of loss makers at about 44% or a market loss of about $117 million since last year. MacPherson and Braddell also have significant numbers of homeowners who would be in the red if they were to sell now.
Areas not making big losses include Mandai where only about 9% of private homeowners would make a loss.
SRX noted that there was no clear trend in terms of location or price per square foot to predict which homes will be affected more.
However, the firm noted that the large number of homeowners in the red is due mainly to the cooling measures such sa the Additional Buyer Stand Duty and the Total Debt Servicing Ratio which is affecting demand and therefore price.
They noted that ever neighbourhood and different characteristics in age, design, unit size and more and these preferences reach out to different buyers who are each affected in different ways by the single, national cooling properties.
This is why there is such an uneven distribution of property losses.
Despite the uneven pattern, it is clear that there are many home owners who are facing Red prospects in the Housing market. It appears that prices are falling and this is a concern for those who still have large outstanding mortgages as if they do face trouble paying them off, they may be forced to sell even though their homes are worth less than before.\
http://therealsingapore.com/content/...homeowners-red (http://therealsingapore.com/content/srx-property-more-homeowners-red)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?203027-Sinkie-Homeowners-Suffer-As-PAP-Gives-In-To-Opposition-Pressure!&goto=newpost).