support@kopiandproperty.com

Advertisements

Advertisement Banner

Property price rose 10.1% in 2021 for this developed property market.

covid

Property price rose 10.1% in 2021 for this developed property market.

Nope, not Malaysia yeah. We probably have a positive number too for the whole of 2021 in terms of property price increase but unlikely to be anywhere near some of these advanced property markets which seem to be immune to the Covid-19 situation.

I just wrote this recently. Property prices rising at fastest pace in 17 years?. I always wonder what’s the difference between the Covid-19 situation over there in the UK versus here in Malaysia. The sentiment seems positive despite the number of cases as below. So, perhaps they are a developed property market? Where the buyers know that they need to look further ahead versus being influenced by the short-term situation?

Data as at 7th February 2022 from https://www.worldometers.info/coronavirus/

Now let’s look at another developed property market. Mature property market which is also considered a safe haven for property here in South East Asia.

Article in cnbc.com Singapore property prices are set to keep climbing in 2022, but at a slower pace. Private home prices increased 10.6% in 2021 and is expected to rise further in 2022 by between 1% – 4% according to real estate agencies Knight Frank and JLL. Other reasons supporting the price increase include lower interest rates, limited supply and strong demand.

Due to the price increase, Singapore has introduced new measures in mid December 2021 which included higher taxes on second and subsequent purchases and tighter limits on loans. Please do read the full article here: Article in cnbc.com

With cooling measures…

With cooling measures, the government is definitely aiming at reducing the demand for properties and thus this will reduce the number of transactions and even delay some purchases when people saw that just paying the taxes alone would be substantial. They may not want to pay those extra taxes. Perhaps can use some of the funds to go travelling instead?

Accommodative for growth versus worried about inflation

In Malaysia, Bank Negara Malaysia is looking at being accommodative to growth first versus being too worried about the effects from potential inflation. Interest rates will rise in H2 2022. Let’s be ready and be happy too. Just need to note that interest rates may rise in the second half in order to dampen inflation which is not a good thing as it will make it more expensive for everyone to buy anything including property.

Happy learning.

Property News Malaysia? Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER). Alternatively, Follow me on Telegram here.

Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles. Else, follow me on Twitter here.

Next suggested article: 5 Must-Do steps for property investment.

Header Image by Marcos Cola from Pixabay 

**In Article Advertisements Banner

Subscribe to Blog via Email

Few seconds to subscribe for FREE and get property investment tips, latest financial and property news and more.

Join 1,948 other subscribers.
Motion arrow towards right
Facebook
Twitter
LinkedIn
Motion arrow towards right
Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

Advertisements

Advertisement Banner

Facebook Comment

Table of Contents

Most Recent Posts

join the family

Like us for daily investment news and more

Hit the like

%d bloggers like this: