Calming, not collapsing housing market

Some old assumptions no longer hold. For one thing, singles will be allowed to buy subsidised new Housing Board flats. Current policy allows them to buy only from the resale market. They get a cash grant of $15,000 from HDB if they earn $5,000 or less.
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Home equity is growing as the housing market rebounds.

Depending on where you own your home, it could mean that finally — after years of struggling with an underwater mortgage — the market value of your property has risen enough to put you into positive equity territory. Or closer to break-even equity …
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Steel prices down on China's property market crackdown.

The price of iron ore is down to its lowest level since mid-December, on a slump in steel prices following China's tightening of property restrictions. According to Standard Bank analyst Melinda Moore, the steel de-stocking in China had continued among …
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What the rapid housing market recovery means for China …

What the rapid housing market recovery means for China. Further property restrictions could be imposed. Moody's Analytics' Alistair Chan noted that the quick …
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Greenland Group to tap Australian property market

Shanghai-based property developer Greenland Group is to invest A$480 million ($498 million) in an Australian property project, becoming the latest Chinese developer to explore an overseas market. Greenland said it has reached a deal with Canadian …
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Singapore property sales plunge 65 percent in February

New private home sales in Singapore plunged 65 percent in February from a month before as market cooling measures and the Lunar New Year holidays kept buyers away, official data showed Friday. Only 708 private homes were sold in February, down …
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Black luxury property ownership grows

Black luxury property ownership grows. 15 March 2013. Growth of black owners in the South African property market has more than doubled in the last 10 years, according to the 2013 Property Report by property data provider Lightstone. The report found …
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house prices hit record levels

Low interest rates and rising rents are attracting first-home buyers and investors, further increasing the pressure in a market already short of stock. House prices in the city are at record levels according to the Real Estate Institute, with the …
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New tools won't slow rampant housing market – New Zealand Herald

The Reserve Bank's prospective new toolkit to iron out asset bubbles won't be able to stop a rampant Auckland housing market when it comes into play later this …
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Realtor: Island's luxury market expected to see healthy growth in 2013

After missing out last year — Bermuda's luxury property market is expected to see healthy growth in 2013, said John Sinclair, head of Sinclair Realty, exclusive affiliate of Christie's International Real Estate here. Limited inventory, strong …
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Where housing hasn't hit bottom yet — and probably won't all year

Whether that's bad news is somewhat a matter of perspective: If you're a prospective home buyer in one of these markets, there's a very good chance that you have time to get a property for the cheapest it's been in years (or will be again). But …
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Property Curbs Hit Singapore Home Sales

Investors responded to the February sales figures by selling off shares in Singapore's property developers. By the market's close Friday, CapitaLand fell 4.2% to 3.40 Singapore dollars (US$2.72), City Developments Ltd. dropped 3.7% to S$10.76, and …
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Cash flows into global property market

By Carolyn Cummins. March 16, 2013, 9:32 a.m.. The amount of money moving into the higher-yielding global property market could reach $1 trillion for the first time since early 2007, before the financial crisis engulfed the world.
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Speedy home sale reflects recovery in housing market

Speedy home sale reflects recovery in housing market. SHARE URL EMAIL. Tweet. FONT: A A A. Photo URL: To: From: Add a brief message (optional): Comments. RELATED INFO. Home prices up. Median home prices in January were up 20 percent or more …
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Crisis bodes grim for Dutch housing markets

THE HAGUE, Mar. 15 — The happily married young couple Petra and Bert live in a suburban area of the fourth biggest city of the Netherlands, Utrecht. Bert has just signed a long term contract at the ministry of Infrastructure, while Petra holds a part …
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REPEAT: Reality Check: China Housing Curbs Fuel Market Frenzy

BEIJING (MNI) – There's widespread skepticism about the effectiveness of the Chinese government's latest housing market restrictions, but little doubt about the frenzy their announcement has triggered as buyers pour in off the sidelines to snap up …
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Swiss prime property market remains strong, according to analysts

Switzerland remains one of Europe's most stable and prosperous economies, an important safe haven for wealthy property investors and although new laws and taxes introduced some uncertainty to the market in 2012, luxury sales volumes have held firm, …
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Gap housing market needs major attention says Deputy Minister of Finance

The plight of the “gap market” was given prominence by President Jacob Zuma in his state of the nation address last year and again this year. The gap – or affordable market – refers to people who earn too much to qualify for government-subsidised …
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Older people are clear winners in property market's generation …

Home ownership among people aged less than 35 has tumbled by a third over the past decade and risen by a fifth among those of pension age.
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China stocks drop on property, but Japan gains

SYDNEY (MarketWatch) — Chinese stocks declined on Friday as property companies lost more ground, but Japanese equities rose on economic optimism in a mixed session for Asia. Hong Kong's Hang Seng Index (HSI:HK:HSI) traded down 0.2% while the …
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Mervyn King says recovery is in sight as housing market bounces back to life

Speaking in Birmingham as mortgage figures showed the housing market bounced back into life in January, King said: “There is momentum behind the recovery that's coming, and I think that during the course of 2013 we will see the recovery come into sight …
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Hong Kong property stocks drag down market

LOS ANGELES (MarketWatch) — Hong Kong stocks opened higher Friday but quickly turned down as real-estate stocks extended their losses to weigh on the market. In early moves, the Hang Seng Index (HSI:HK:HSI) lost 0.2% to 22,570.05, with the Hang …
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US Housing Market Sees Fewer Listings

Experts say the problem will solve itself, however, as fewer homes are likely to drive up home prices, which will encourage more people to put their homes on the market. For more on this continue reading the following article from Property Wire. There …
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Singapore property sales plunge 65 per cent in February

In the latest move to tamp down the red-hot property market, Singpore's government in January made it costlier for foreigners to buy property by raising stamp duties, and sharply increased minimum cash down payments for individuals applying for loans …
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Santa Clara County Housing Market Heats up before Spring Starts

SAN JOSE, Calif., March 14, 2013 — /PRNewswire/ — As industry experts predict steady home price increases in 2013 for the nation, the Santa Clara County housing market is already showing signs of accelerated growth even before the spring selling …
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White Paper's implications for property market | TODAYonline

For the industrial property market, the slower population growth projection suggests that the tight immigration and foreign-labour policies currently in place will …
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More funds investing in property markets: CBRE – AsiaOne.com

There will be a rise in funds going into direct property markets globally, said officials from CBRE Group, one of the world's largest real estate services firms.
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An ageing population and the property market in Singapore … – Today

However, much of our Central Provident Fund savings go towards buying a house, with the balance unlikely to be sufficient to fully meet retirement needs.
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China crackdown on property market sends iron ore price sliding

This month China's State Council unveiled new taxes on property sales and increased requirements for downpayments and repayments, aimed at cooling the real estate market. The price of iron ore, a steelmaking ingredient , dropped 4.4 per cent overnight …
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Not all Australian property markets in the same boat says RBA as vendors adopt …

Low interest rates have been supporting the established housing market, and prices have been moving higher in many residential markets across Australia, however they remain below earlier peaks in most markets, the Reserve Bank of Australia has noted.
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