In the latest development, the revised land betterment charge will provide a financial respite for non-landed residential properties, with a significant reduction. Meanwhile, Orchard retail landlords brace for a 6% rental hike by 2023. Stay informed on these shifting dynamics in the real estate sector.
GuocoLand, the renowned property developer, has recently announced a remarkable 60% surge in revenue for the fiscal year 2023. However, despite the impressive growth, there has been a concerning 44% decrease in net profit. This raises questions about the company’s overall financial performance and potential challenges ahead.
Prices in prime central London continue to rise despite the recent increase in interest rates. This unexpected trend suggests a resilient property market, defying the effect of higher borrowing costs. Experts attribute this to the enduring appeal of the city as a safe haven for investment, particularly for overseas buyers. With limited supply and an insatiable demand, prices are expected to maintain their upward trajectory in the near future, firmly establishing London’s status as a prime real estate market.
The demographic landscape in Singapore is rapidly changing as young professionals increasingly become proud condo owners. With the city-state witnessing a notable wealth transfer, these aspiring homeowners contribute to a flourishing market that reflects evolving aspirations and economic trends. Discover how young condo owners are reshaping the real estate landscape and redefining financial landscapes in Singapore.
Private home prices and rents experienced a rapid surge in the third quarter of 2022, indicating a strong real estate market. However, the growth in HDB resale prices showed signs of moderation during the same period. These observations highlight the ongoing dynamics of the housing sector, posing implications for homeowners, investors, and policymakers alike.
Private home price growth in the fourth quarter of 2022 has slowed to a mere 0.4%, indicating a deceleration in the property market. In contrast, HDB resale prices experienced a 2.3% rise during the same period, marking the slowest growth seen in 2022. These figures shed light on the current state of the housing sector, suggesting a potentially stabilizing market after a period of rapid growth. Investors and homeowners alike will need to closely monitor this trend as it unfolds in the coming months.
