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Article: 'Singapore: Property' Covers The Residential, Industrial, Office And Retail Property Sector In Singapore.
- Article from:
- Business Wire
- Article date:
- March 19, 2008
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DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c86197) has announced the addition of "Singapore: Property" to their offering
The housing market in Singapore has recovered buoyantly, achieving a 6-year high, after the government announced policy changes in July 2005 that gave homebuyers more incentive to enter the private housing market. These include reduced cash down payment to 5% from 10% and an increase in the loan-to-value ratio to 90% from previously 80%. The price index for all residential properties rose from 465 points in 2005 to 498 points in 2006 while rental index for all residential properties expanded from 367 ...