Topic of Interest: #CoolingMeasures (1,840 Articles Found)

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Singapore minister flags risks of low rates on property market

Singapore’s DPM warned that low-interest rates can lead to distortions in asset prices, amid speculation that the government may take fresh steps to cool the housing market. “The interest rates today are ultra-low, and in some cases even…

What’s behind the surge of new launch condo purchases in January 2021?

At this point, the prediction of new cooling measures may have become a self-fulfilling prophecy. New condo sales surged m-o-m, between Dec 2020 and Jan of this year; and while the reasons are varied, one of them may…

Make stock market a more attractive option than the property market

There has been much speculation recently that the Government may impose additional curbs on the property market. A better solution can be found. Why do investors put their money in property instead of other financial markets? A look…

More expecting government intervention to cool Singapore’s property market

More market observers are expecting the Singapore government to step in to cool the private residential market, while spiking construction costs overtook economic woes as the top potential risk factor that may temper sentiment in the next six…

Are new cooling measures coming to Singapore’s housing market?

Talk is rife that policy tweaks could be on the horizon to cool Singapore’s buoyant residential segment, as the government keeps an eye on the real estate market. Home prices gained pace last year, even as the economy…

Is property development in Singapore becoming an unsustainable business?

Following comments by top government officials and analysts this past week about the resurgent property market, some investors will understandably be bracing themselves for another round of cooling measures. They should perhaps also begin asking whether the standard…

Property cooling measures useful only if properly enforced

I applaud DPM Heng’s recent speech. As a young Singaporean with an aspiration of having my own home, I am cautiously awaiting the Government’s next steps. One of the main issues is the affordability of property for Singaporeans.…

Could we see more property cooling measures in 2021?

In an “oh no” moment on 18th Jan, DPM Heng said the government is paying close attention to the property market; and that they “don’t want to see the property market run ahead of the underlying economic fundamentals”.…

Prices of HDB resale flats, private homes rise in 2020, sparking concerns about affordability

Prices of public housing resale flats surged to multi-year highs last year in defiance of the largest recession since Singapore’s independence, while private property prices also climbed, based on data released by the authorities on Fri. Some property…

Talk of more private property cooling measures

Talk of another round of property cooling measures has intensified in the wake of recent ministerial remarks that the Government is keeping a close watch on the market, which has so far defied the pandemic-induced recession. This comes…

Ministers’ statements on property market fuel fear of new cooling measures

The casual real estate observer must be left wondering about the government’s intentions when not one, but two, ministers sounded out warnings about the property market on 18 Jan 2020. The warning was directed to both developers and…

Singapore may act to stall rising home prices, analysts say

Singapore may be considering another round of measures to cool residential prices, according to market analysts, who see recent ministerial remarks as a signal for the possible move. Comments made by the city-state’s DPM indicate the government is…

OrangeTee & Tie CEO thinks cooling measures unlikely; weighs in on HDB ‘lottery’ effect

Residential property prices in Singapore will probably go on a stable and gradual uptrend, instead of “shooting up”, due to a K-shaped economic recovery. That’s according to OrangeTee & Tie CEO Steven Tan, who does not expect the…

Govt needs to stay ahead of the curve on private property prices

I refer to forum contributor Ee Teck Siew’s letter (Govt should assess risk of property bubble, calibrate measures, Dec 25) and would like to urge the Government to stay ahead of the curve on private property prices. The…

Upgrading to a landed property during Covid-19 pandemic

Being married to a tax consultant helped seasoned property investor Aaron Wan figure out a way to avoid paying ABSD when he bought a more upscale property. They decoupled ownership of their matrimonial home at Watermark @ Robertson…

S’pore residential property market remains resilient despite downturn

The residential property market has proven to be one of the few recession-proof sectors amid a pandemic that has plunged the Singapore economy into its worst-ever contraction. Analysts say this is due in large part to a slew…

Help genuine HDB upgrader with ABSD remission: UOL chief

There has been another plea of letting genuine first-time HDB upgraders to a private condo to defer payment of ABSD, this time from UOL group CEO Liam Wee Sin. “It is our hope that the government will grant…

Foreigners hold dear to Singapore property

Foreign buyers love their properties here, and regulations have nudged these investors to regard such assets as homes. The 20 per cent ABSD on Singapore property purchases has made Singapore properties less attractive as speculative assets, analysts said.…

From condo flippers to homebuyers: Are buying patterns shifting for foreigners in Singapore’s real estate?

Foreign buying has always been a major force driving real estate markets across the world, and Singapore is no exception. But increasingly, many in the property sector are observing that more foreign buyers now see their Singapore residential…

With prices so low, time to buy a home on Sentosa?

While private home prices continue to rise, there is one place in Singapore where you can buy a property for almost the same price as 14 years ago. As improbable as it sounds, the high-end, ultra posh waterfront…

Core Central Region (CCR) condos: Is Dyson’s $11.8 million loss a warning sign?

1) CCR or not, property is usually always unprofitable in the short-term in Singapore – In selling the Wallich Residence mega-penthouse between the first and second year of the purchase date, Dyson had to pay SSD of nearly…

Upgrading to a condo: Why the ‘ABSD remission’ system should be abolished

For genuine HDB upgraders, there are a few compelling reasons why removing the requirement to pay ABSD upfront can prove to be a win-win, for both Singaporeans and the government’s own interest/objectives. First and foremost, waiving the upfront…

No further extension for ABSD remission deadline: Some disappointment over no additional time for unit sales

Some residential developers are disappointed that the ABSD remission deadline to sell all units in a project was not further extended, although they have been given an additional six months to complete construction. The further extension will help…

The new norms of Singapore’s property market in 2020

1) Higher income requirements for home loans – One of the biggest changes to Singapore’s property market came in June 2013, when the government introduced TDSR; 2) You’re faced with bigger down payments today – The maximum LTV…

Let genuine HDB upgraders off the hook for ABSD, PropNex CEO suggests

To help HDB upgraders buy private property, the government could hold off levying ABSD within the six-month disposal period, which would address the problem of the repeated re-issue of OTP, Ismail Gafoor, CEO of PropNex, has suggested. He…

Property cooling measures safeguard ‘well-being of Singaporeans’ amid economic crisis: Desmond Lee

Amid the economic crisis, property cooling measures are all the more necessary for the “well-being” of Singaporeans, by encouraging prudence and caution in their property purchases, MND Minister Desmond Lee said on Wed. He made the comment in…

Unraveling the mystery behind these 3 highly unprofitable district 9 condos

1) Helios Residences – There are a stunning 19 unprofitable to 1 profitable resale unit transaction. Looking at the transaction price differences, we observe the biggest (-$2.7m) loss for a unit that was purchased in July 2012 and…

No need to ease existing cooling measures on ‘stable’ property market: MAS chief

Despite the economic slump as a result of the Covid-19 pandemic, the existing cooling measures for the property market will stay, the head of Singapore’s central bank said. Mr Ravi Menon, MD of MAS, said that this is…

To beat ABSD, 38 Jervois developer launches fire sale to clear units

The developer of 38 Jervois has launched a fire sale slashing prices by up to S$547,320 so that it will not incur ABSD. The discounts range from 13 per cent to 24 per cent for the remaining 16…

Why Singapore’s private residential market will remain attractive in the long term

The impact of the coronavirus pandemic has rippled across the globe and disrupted most forms of business activity. Quarantines and movement restrictions imposed in many countries have halted trade, tourism and retail. Real estate hasn’t been spared either.…

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