We are Providing the Best Property Deals
 

To offer our clients access to information about the property market in a prompt and efficient manner

Property Market Updates

Singapore Property News: Delivered Directly to You

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that has been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login

OCBC expects cooling measures to be lifted soon

Posted by on in Uncategorized
  • Font size: Larger Smaller
  • Hits: 1209
  • 0 Comments
  • Subscribe to this entry
  • Print

A trend study has pointed towards the partial lifting of cooling measures set by the Monetary Authority of Singapore (MAS).

With prices dipping by 6.9 per cent and poor GDP figures in Q2 2015, analysts from OCBC believe that property loosening measures are in order.
These predictions were made based on scenarios in 1997, 2001, and 2008, when a negative economic outlook and price declines in the housing market heralded the relaxation of cooling measures.

According to the report, the Additional Buyer Stamp Duty (ABSD) is most likely to be adjusted, given its direct impact on demand.

While the government may also restrict government land sales (GLS), this is less likely as it would take comparatively much longer to impact the market and runs the risk of unintended, negative side effects on the banking system and create moral hazards for developers.

Taken from iProperty

Rate this blog entry:
0

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Monday, 13 July 2020