global economy

In February 2021, the sales volume of private housing in Singapore dropped sharply by 60% month on month From Urban Renewal Authority of Singapore

The following is the In February 2021, the sales volume of private housing in Singapore dropped sharply by 60% month on month From Urban Renewal Authority of Singapore recommended by recordtrend.com. And this article belongs to the classification: global economy .

Private home sales fell sharply in February on a month on month basis as speculation about the government’s real estate restrictions dampened buyers’ appetite, according to data released by Singapore’s urban renewal authority on Monday.

Singapore’s private residential sales in February were 645, down 60% from 1632 in January, according to data.

Even during last year’s epidemic, Singapore’s real estate market rebounded, with sales of private apartments, store houses and public apartments all rising sharply. This has prompted speculation that the government may implement a new round of cooling measures for private housing to prevent the market from exceeding economic fundamentals.

In January, analysts at DBS bank said that Singapore’s housing price rose by 2.2% last year, and if the market rose further by more than 5%, the market might enter the “bubble area”. DBS The last time the authorities imposed restrictions on private housing was in 2018, when they raised the tax on additional home purchases and tightened lending restrictions.

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