{"id":103306,"date":"2019-01-25T10:47:23","date_gmt":"2019-01-25T03:47:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-mortgage-demand-significantly-dented\/"},"modified":"2019-01-25T11:06:18","modified_gmt":"2019-01-25T04:06:18","slug":"singapore-mortgage-demand-significantly-dented","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-mortgage-demand-significantly-dented\/","title":{"rendered":"Singapore mortgage demand significantly dented"},"content":{"rendered":"


\nRising interest rates and new property cooling measures have significantly dented mortgage demand.
\nRising interest rates and the government\u2019s surprise property cooling measures in July have significantly dented mortgage demand at Singapore\u2019s banks, threatening to further accelerate the decline in house prices, reported Bloomberg.
\nIn the first 11 months of 2018, home loan growth in the city-state slowed to 1.9 percent, less than half of the 4.2 percent hike seen in 2017, revealed latest data from the Monetary Authority of Singapore.
\nMore:\u00a0A Beginner\u2019s Guide To Mortgage Loans
\nDBS CEO Piyush Gupta noted earlier this month that the latest property curbs had affected mortgage demand. He revealed that the bank\u2019s Singapore mortgage book increased by less than $2.5 billion last year, way below the $4 billion forecast at the start of the year.
\nMeanwhile, house prices fell for the first time in six quarters during the fourth quarter of 2018. DBS Group Holdings real estate analyst Derek Tan expects housing values to drop by as much as 3.0 percent this year, with new home sales dropping by 20 percent.
\n\u201cI expect the overall property market outlook to be weaker in 2019,\u201d said Royston Foo, an independent property analyst who publishes on Smartkarma. \u201cInsecurity and bearish sentiment will result in potential buyers holding back purchases and adopting a wait-and-see approach.\u201d
\nA China-led economic slowdown, volatile financial markets, rising mortgage rates and a surge in housing supply are all weighing on sentiment, he explained.
\nWith this, Bloomberg Intelligence analyst Diksha Gera expects mortgage growth in Singapore to remain below two percent this year.
\nMore:\u00a0Financial Guide On Affordability: TDSR
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore mortgage demand significantly dented<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rising interest rates and new property cooling measures have significantly dented mortgage demand. Rising interest...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103306","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qSe","jetpack-related-posts":[{"id":21108,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-singapores-property-cooling-measures-wont-be-removed-anytime-soon\/","url_meta":{"origin":103306,"position":0},"title":"Why Singapore\u2019s property cooling measures won\u2019t be removed anytime soon","date":"July 27, 2016","format":false,"excerpt":"\r \u201cThere is still some way to go\u201d Is it the right time to remove the cooling measures in Singapore? It is not the right time to ease the property cooling measures, revealed the Monetary Authority of Singapore (MAS). \u201cThere is still some way to go, to entrench the gains\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-to-drop-by-up-to-10-following-new-curbs\/","url_meta":{"origin":103306,"position":1},"title":"Singapore home prices to drop by up to 10% following new curbs?","date":"August 7, 2018","format":false,"excerpt":"\r Local banks reckon home prices will fall following the latest round of cooling measures. Singapore banks expect home prices to fall along with home loan activity, following the introduction by the government of its latest round of property cooling measures. UOB chief Wee Ee Cheong revealed that his \u201cgut\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59338,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-cooling-measures-remain-necessary-says-mas\/","url_meta":{"origin":103306,"position":2},"title":"Property cooling measures remain necessary, says MAS","date":"June 30, 2017","format":false,"excerpt":"\r \u00a0 The Monetary Authority of Singapore on Thursday (29 June) said the property cooling measures remain necessary given that the underlying demand for private residential properties continue to be firm amid a persistently low interest rate environment and foreign investors looking for good yields, reported Today Online. MAS managing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20856,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/not-time-yet-to-lift-property-cooling-measures-mas\/","url_meta":{"origin":103306,"position":3},"title":"Not time yet to lift property cooling measures: MAS","date":"July 26, 2016","format":false,"excerpt":"\r Singapore\u2019s property cooling measures won\u2019t be removed anytime soon. It is not the right time to ease the property cooling measures, revealed the Monetary Authority of Singapore (MAS). \u201cThere is still some way to go, to entrench the gains in stabilising the property market and restoring household debt sustainability,\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cooling-measures-in-hong-kong-and-singapore-what-works-what-doesnt\/","url_meta":{"origin":103306,"position":4},"title":"Cooling measures in Hong Kong and Singapore: what works, what doesn't","date":"April 25, 2018","format":false,"excerpt":"\r \u00a0 Governments in the two rival cities have poured icy water on their overheating housing markets, with contrasting results. By Duncan Forgan It would be fair to say that Singapore\u2019s famously stringent cooling measures haven\u2019t always made those inside the country\u2019s real estate sector feel warm and fuzzy.\u00a0 But\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/04\/cool-run-ins-singapore-compressor.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123833,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-unveils-new-property-cooling-measures\/","url_meta":{"origin":103306,"position":5},"title":"Singapore unveils new property cooling measures","date":"December 16, 2021","format":false,"excerpt":"\r Singapore unveils new property cooling measuresThe new Singapore property cooling measures, which include a higher ABSD, lower TDSR, and tighter LTV, will take effect from today, 16 December 2021. The Government on Wednesday (15 December) unveiled a package of measures to cool the private residential and HDB resale markets.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Buildings-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103306"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=103306"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103306\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}