Topic of Interest: #CoolingMeasures (1,861 Articles Found)

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Will rising home prices raise the risk of fresh cooling measures?

With the private residential market poised to end the year on a high note, does this once more heighten the risk of policy measures? Even the perceived possibility of cooling measures could serve as a near-term headwind for…

The go-go property market doesn’t have legs

One of the strange side effects of some economic crises is that property prices rise in their aftermath. This was true in Singapore after the 2008 GFC – which prompted MAS to impose repeated rounds of property cooling…

Legal first: Jail for buyers, agents who evaded S$69,000 in stamp duty by backdating option to purchase

A married couple and two property agents were sentenced to jail time on Fri for their roles in executing a backdated OTP when buying an apartment, in order to avoid paying a higher amount of ABSD that came…

Couple admits evading S$69,000 in stamp duty by backdating option to purchase to avoid new tax rules

A married couple pleaded guilty on Thurs to executing a backdated option to purchase, in order to avoid paying a higher amount of the ABSD that came to S$69,000. This was the first prosecution of its kind under…

Real estate wealth tax and Singapore’s property cooling measures

The chatter on wealth taxes has been increasing in intensity over the past year. The reason propounded for an implementation is to promote an inclusive society by finding additional sources of government revenue to fund various altruistic schemes.…

Pasir Ris 8 frenzy raises policy risks for developers even as they eye richer margins

The Pasir Ris 8 project launched for sale just last weekend offers fresh evidence of continued strength in OCR segment for private homes. But with sales behind this project hitting fever pitch – alongside a marketing process that…

85% sale of Pasir Ris 8 over weekend shows initial signs of ‘asset bubble behaviour’: DBS

DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong, in a Singapore property flash note dated July 27, says they remain on close watch on potential cooling measures from the government after the strong…

Property agent admits role in backdating an Option to Purchase to evade stamp duties for buyers

In the first case of its kind, a property agent admitted on Mon that he instigated his seller’s agent into backdating an OTP to evade newly raised stamp duties. Mu Shen, 50, pleaded guilty to one charge of…

Are home prices finally cooling again in 2021?

2021 has been a tough year for buyers; especially first-time home seekers. We’ve seen prices rise in almost every property segment, from resale flats to condos to landed homes. The end of Q2 2021, however, may give buyers…

10 types of property cooling measures that Singapore government may introduce (based on past track record)

1) ABSD – A property cooling measure introduced in 2011, it was last raised in 2018 to further dampen the demand from property investors; 2) SSD – It was last adjusted in 2017 to reduce the holding period…

Analysts debate cooling measures, as Singapore Q2 flash private home prices up for fifth straight quarter

Property analysts continue to debate the odds of cooling measures and how targeted they would be, with Singapore’s Q2 private home prices rising for the fifth straight quarter, flash estimates showed. It comes too as MAS flagged earlier…

MAS says property market not overheated, but it will watch rising prices closely

MAS remains “highly vigilant” to the risk of a sustained increase in housing prices relative to income trends, with a prolonged divergence seen as unsustainable, said a top executive from MAS. In his opening remarks at the launch…

Will the government implement cooling measures on home prices?

The continued increase of home prices and rents have led some to speculate that the government might soon implement cooling measures. But according to Savills, this is unlikely. “If we use the tracking error (TE) to compare private…

Home prices likely to climb 7% in 2021

Residential property prices are expected to increase between 5-7% this year, RHB reported, revising its initial forecast of 0-3%. It noted the revision was due to a reduced probability that cooling measures will be in place as well…

Demand for residential property rises amid dwindling supply

The Singapore residential property market is currently like a pot of steel on a fire that is “boiling over”, describes Nicholas Mak, head of research and consultancy at ERA. “That fire is fuelled by economic growth, household income,…

Second property purchase – factors you must consider before buying

With the pandemic still on the horizon, property prices and interest rates are both set to fall further in the years ahead. For those who have been looking for a second property purchase, this could be a good…

How many foreigners are really buying properties in Singapore?

Back in the property heyday of 2013, foreigners were often denounced as the driving force behind inflation. But today, with ABSD for foreigners at 20 per cent, foreign ownerships are at a 17-year low (as of 2020). But…

Singapore’s richest property family warns of cooling measures

The Singapore government may step in to introduce property curbs if home prices keep rising, according to the city-state’s richest property family, marking the first time a developer has waded in on the issue. City Developments Ltd Chairman…

Cooling measures cited as key risk by Singapore real-estate market, poll finds

Cooling measures have been named as the biggest risk faced by Singapore’s real-estate market, a poll among senior executives of real-estate firms has found. Of the approximately 50 such executives surveyed in Mar, 87.8 per cent indicated the…

Singapore developers waiting for ‘Sword of Damocles’ moment: report

Property developers in Singapore should brace themselves for cooling measures ahead, UOB Kay Hian (UOBKH) said, as the odds of policy action have “manifestly increased”. “Waiting for the Sword Of Damocles,” said the recent report. That condo resale…

UOB KH warns of possible cooling measures for SG property market

UOB Kay Hian analysts Adrian Loh has warned of possible cooling measures in the Singapore property market, saying in a Apr 27 note that “The strength in the Singapore property market, evidenced by strong sets of data in…

Potential property cooling measures in 2021

The property market in Singapore is seriously heating up. All the statistics seem to point to the fact that another round of cooling measures seems to be on the cards. So for the sake of doing an intellectual…

Why are Singapore property prices returning to pre-covid-19 levels so fast?

1) The boost to commercial property may be related to ABSD costs – Commercial property incurs no ABSD; only the usual GST. As such, the commercial segment of Singapore’s private property market may appear more attractive to investors…

Analysts expect private home prices to rise further on tight supply and strong demand

Hot sales at private property launches in Mar have further drawn down on a fast-dwindling stock of units – fanning an expected rise in home prices, experts said. All eyes will soon be on full real estate statistics…

Is it worth buying a property before it goes en-bloc? We look at past data and what you need to know

One of the main differences between HDB and private properties is the greater potential for en-bloc sales. In fact, some investors go out of their way to purchase older properties; not only is the cost lower (and sometimes…

Decisive cooling measures needed to maintain stable property market

I urge the Government to institute decisive private property cooling measures before it is too late. The nominal median income for residents fell by 0.6 per cent over the year to last June, the first decline since 2004.…

Analysts flag higher odds of cooling measures as Singapore private home prices rise for fourth straight quarter

The odds of a fresh round of cooling measures have been dialled up a notch, with private home prices in Singapore in Q1 rising for a fourth straight quarter. Singapore private home prices rose 2.9 per cent in…

CDL ‘confident’ about attaining master-developer status

City Developments Limited (CDL) has set its sights on becoming a master developer in Singapore, even as it focuses on replenishing its land bank to ensure a stable launch pipeline. The property group, which builds up its land…

Potential cooling measures (and why they might not happen)

If you’ve been keeping up with the property news lately, there’s been a lot of talk about new cooling measures. Despite the pandemic, property prices have been on the rise for the past several months. More specifically, HDB…

Why ABSD for developers needs to be tweaked and how it affects you as a home buyer

Most home buyers are familiar with the concept of ABSD as it applies to them. What’s less commonly known is that property developers also have to pay ABSD, and this added tax shapes multiple decisions. From the way…

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