The management and development of the real estate market (I): from the experience of Singapore

In a high density of the real estate market, so that in the stable development strategy is a long-term government.

The management and development of the real estate market (I): from the experience of Singapore

To strengthen the management, to avoid overheating in real estate market status: Singapore is a market share of the highest in the world, 90% residents have a home or apartment name.

This is the place full of attractive investment for investors from various countries such as Indonesia and Malaysia's neighbors, especially Chinese demand has been by plenty of energy, the price rise than 2009 to 2013 in the 60% stage.

Raise the price in this case, the Singapore government has used extreme hand to control the speed, value and tax 10% increase in sales to foreign buyers from 2011 (later increased to 15% in 2013), the second object restrictions on the purchase of real estate. In high-income level can apply for a loan of real estate...... Through these strategies, prices fell 3% in Singapore.

The savings to buy a house: Singapore has a name CPF central savings. This fund will automatically set aside 23% of the monthly wages for wages door.

Real estate tax: Singapore has overheated development of the real estate market in the second stage, the real estate prices are high, a lot of people really need not afford to buy a house. At the same time, a person can buy five, six, seven... The real estate to start, buy today to sell, sell immediately after 1 months or 3 months.

In fact, in Singapore, the government soon realized that if no measures to control the market, real estate prices will continue to rise quickly, the entire economy will explode, the public and the bankruptcy of banks, so to solve the problem. The second French real estate tax has been used.

Where government taxes for individuals to buy a house. Anyone who bought the house is Singapore 7% of the cost of real estate value of 10% to second, third. Foreigners to buy their own house, to each of the 15% real estate.

Taxpayer: if the person selling the house to buy real estate and real estate sales, now a year is 16%, the value of real estate tax, sold for second years 12% tax, third years and fourth years are 8% 4% just off. Four years later, the seller does not need to pay taxes.

The mortgage loan time limit: all personal property loans, bank loans too much is not allowed. For example: when buying the first house loans, bank loans 80%, second is 60%, third is 40%. NHI UB t property buying more low loan level.

When you walk into reality, have a great impact on the policy, the real estate market in Singapore, specifically: real estate transactions declined steadily, about 40%. Real estate prices follow the fall. In the division of high level, the decline in purchasing power, because of foreign objects (the cost of 15% 35 - 40%) decreased.

Ordinary private real estate prices do not fall, prices remain stable. These people of middle income and low before can have their own house today.

In the implementation of these policies, if the market, there are about 37 commercial application strategy, trading volume dropped to 2200012000...... 2015 trading volume increased to 14000. This number is 18 in 2016.

When the cooling of the real estate market the Singapore government has a relaxed approach