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OCBC expects cooling measures to be lifted soon

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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

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Guest Monday, 13 July 2020