Is the personal housing market experiencing a bubble?

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Albert47
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Joined: Tue Nov 29, 2016 4:10 pm

Is the personal housing market experiencing a bubble?

Post by Albert47 » Tue Nov 14, 2017 10:05 pm

The variety of sub-sale cautions for apartment or condos and condominiums, a proxy of speculative tasks, has dropped significantly from 5,127 in 2007 and also 3,321 in 2010, to simply 480 in 2016 and 248 in the very first to 3rd quarters of 2017, largely due to the introduction of the Vendor's Stamp Duty.

In the 2nd quarter of 2017, rental returns of homes and also condominiums in the Optical Character Recognition got to 2.8 percent, compared to a historical standard of 3.3 per cent given that the first quarter of 2004. Rental returns were around 3.2 percent in the CCR and also 3.6 percent in the RCR, on the same level with their historic standards.

Read more on http://www.breadmedia.com.sg for more real estate information.

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