Property Softening Policies

[globalcookie]

Govt unlikely to remove curbs soon
Property Guru – Mon, Jun 2, 2014 10:29 AM SGT


Home prices are likely to fall further before the government rolls back the property cooling measures which were imposed since 2009, according to Standard Chartered in media reports.

"You would start to take away some of these measures if price growth reaches a certain level of equilibrium," said the bank's CEO for ASEAN, Lim Cheng Teck. However, he believes this is not the case yet.

Chesterton Singapore's Managing Director Donald Han also holds a similar view: "It's still too early to remove curbs. The government will monitor but their fingers won't be pressing any buttons at this point in time."

Although Lim declined to provide an estimate on how much correction is needed before the property curbs are withdrawn, CapitaLand forecasted in February that a five to 10 percent drop in home prices could goad the authorities to act.

Based on statistics, private home prices in Singapore dropped 1.3 percent in Q1 2014, its biggest decline since June 2009, following a 0.9 percent dip in the previous quarter.

Property curbs implemented in the past five years include the additional buyer's stamp duty (ABSD), lower loan-to-value (LTV) ratios, seller's stamp duty (SSD), higher levies on foreign buyers and the total debt servicing ratio (TDSR) framework.

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Good for ppl intending to purchase in the near future.

[RELAX]

rest assured,gov will try to let the price go down much more till 2016,then see how is the ERECTION result before deciding next move,unless crash before that date lah

use backside to think also know lah

[RELAX]

if I look for next property,i only start to look see look see after mid 2015
where market by then is flooded with empty hse and low low price

listen at own risk

[Ong88]

Maintain tdsr for all.

Relax ltv and stamp duties for pink nrics.

That's the way to go.

[D|n0]

i support to maintain TDSR but remove ABSD for Pink IC......

But i scare after getting ABSD income for a period of time liao.....they buay guam to remove ABSD, a good flow of income for our government.....

[KAO LUO]

down no good meh ? ........hahahahahha ..

[nutx]

Originally Posted by KAO LUO

down no good meh ? ........hahahahahha ..

now down...those paper rich guys holding 2-3 units will be sweating!

the current quiet rental market is making them sweat too!

[streetsmart73]

Originally Posted by nutx

now down...those paper rich guys holding 2-3 units will be sweating!

the current quiet rental market is making them sweat too!

a man can only wear the hat that fits his head hoh

[Ong88]

Originally Posted by nutx

now down...those paper rich guys holding 2-3 units will be sweating!

the current quiet rental market is making them sweat too!

The weak players all died liaow lahhhhhhh.

[Ong88]

Originally Posted by KAO LUO

down no good meh ? ........hahahahahha ..

Down only good for those with money.

No money ones suck thumb and get poorer.