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Government unlikely to lift property cooling measures

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Following the results of the General Election, RHB has issued a report indicating that the government now has greater flexibility to implement less stringent property cooling measures and immigration policies.

RHB analysts believe however that the government is unlikely to ease up on current policies.

This speculation is based on the Property Price Index (PPI) that has declined a mere 3.7 per cent year on year, and a slide of 6.7 per cent from its 3Q13 peak.

RHB reports that some ABSD (Additional Buyer’s Stamp Duty) cooling measures are likely to be lifted in 2016 only when islandwide property prices have fallen between 12-15 per cent.

Taken from iProperty

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Guest Monday, 13 July 2020