Residential Property

This is due to the dampened sentiment in the first quarter of 2022.

The Land Registry recorded 3,828 property sales and purchase agreements in March.

The government announced it will raise property values eligible for 90% and 80% LTV-ratio loans.

Net absorption in February was 276,500 square feet.

A total of $5m was allocated to help unprivileged communities, tenants, and workers.

The expected volume will be the lowest recorded since early 2020.

2022 saw the number of applications for pre-sale consent surge to 7,094, the highest ever recorded. 

Total consideration for sale and purchase of properties also went down by 33.7% MoM.

Three industry leaders weighed in on the Mortgage Insurance Programme amendments.

A ban on rent hikes in the first 2 years and caps on increases after that have landlords worried.

Compared to 2021, the number of nano flats for completion doubled.

When compared to January 2021, sales dipped by 4.8%.

JLL served as the auctioneer for the property.

Thanks to the strengthened demand in the retail and industrial property sectors, analysts say.

One initiative targets low-income families. 

Total agreements recorded for the month were only at 7,076.