{"id":110717,"date":"2019-09-13T13:39:52","date_gmt":"2019-09-13T06:39:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-measures-to-improve-stability-in-housing-market\/"},"modified":"2019-09-13T14:02:53","modified_gmt":"2019-09-13T07:02:53","slug":"new-measures-to-improve-stability-in-housing-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-measures-to-improve-stability-in-housing-market\/","title":{"rendered":"New measures to improve stability in housing market"},"content":{"rendered":"


\nWith about 75 percent of Singapore households expected to qualify for the enhanced housing grants, analysts believe the new measures not only met the Ministry of National Development\u2019s (MND) goal of raising affordability for new households to buy HDB flats, it may also lead to increased stability for the housing market.
\nDBS analysts Derek and Rachel Tan said the changes could result to a gradual bottoming and increased stability within the HDB resale market.
\nIn Q2 2019, the property price index for the HDB resale market fell 0.2 percent quarter-on-quarter versus the 0.4 percent increase registered for properties outside central region (OCR).
\n\u201cOver time, these new changes should arrest the decline in HDB resale prices as transactions pick up over time,\u201d they said.
\nKrishna Guha of Jefferies Equity Research noted that the measures are aimed at easing some pressures from the HDB resale market, reported Singapore Business Review.
\n\u201cWe believe the measures are more targeted towards supporting the HDB resale market, which has seen some pressure lately. This is due to higher supply and the government\u2019s clarification that only a small proportion of flats are suitable for redevelopment, and the remainder are to be surrendered upon lease expiry.\u201d
\nBut while it may help stabilise resale prices, the new measures may pull down activity within the private property market.
\n\u201cThe measures are slightly negative for the private property market, as some first-time buyers may shift their attention to public housing post changes,\u201d said Vitay Natarajan of the RHB bank.
\nHowever, Natarajan does not expect the shift in demand to be significant \u2013 at less than five percent.
\nBut while it may shift volumes away from the private property market, Guha expects private developers to benefit from the increased income cap for ECs.
\n\u201cIn 2015, EC volumes almost doubled after the income ceiling was raised for EC from $12,000 to $14,000. Whilst 50 percent was sold, we expect a boost from the new measures,\u201d said Guha.
\n\u00a0
\nTynn Tan edited this story on behalf of Victor Kang, Digital Content Specialist at PropertyGuru. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New measures to improve stability in housing market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With about 75 percent of Singapore households expected to qualify for the enhanced housing grants,...<\/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-110717","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-sNL","jetpack-related-posts":[{"id":130442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-hdb-resale-prices-climb-at-slower-pace-in-q3-2022-15-month-wait-out-period-to-keep-hdb-resale-flats-affordable-and-more\/","url_meta":{"origin":110717,"position":0},"title":"Private home, HDB resale prices climb at slower pace in Q3 2022, 15-month wait-out period to keep HDB resale flats affordable, and more","date":"October 3, 2022","format":false,"excerpt":"\r Private home, HDB resale prices climb at slower pace in Q3 2022, 15-month wait-out period to keep HDB resale flats affordable, and more27th\u00a0September\u00a0to 3rd\u00a0October 2022 Singapore saw prices for private homes and Housing and Development Board (HDB) resale flats climb slower in the third quarter of 2022. Meanwhile, National\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/10\/hdb-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":116101,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-not-to-correct-excessively\/","url_meta":{"origin":110717,"position":1},"title":"HDB resale prices not to \u201ccorrect excessively\u201d","date":"May 6, 2020","format":false,"excerpt":"\r OrangeTee & Tie\u00a0expects property sales to \u201cpick up speed and regain some momentum when the crisis subsides and safe distancing measures are gradually eased\u201d.\u00a0 While housing demand may ease should the Covid-19 pandemic persist, OrangeTee & Tie does not expect resale prices of Housing and Development Board (HDB) flats\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37793,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-sees-very-encouraging-response-for-proximity-housing-grant\/","url_meta":{"origin":110717,"position":2},"title":"HDB sees very encouraging response for Proximity Housing Grant","date":"December 12, 2016","format":false,"excerpt":"\r The Proximity Housing Grant aims to help Singaporeans buy resale flats near or with families. The Housing and Development Board\u2019s (HDB) Proximity Housing Grant has received a very encouraging response, with 5,217 households applying for the scheme as at 31 August, involving a total grant of $100.8 million, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-outlook-report-what-to-expect\/","url_meta":{"origin":110717,"position":3},"title":"HDB resale outlook report: What to expect?","date":"March 17, 2017","format":false,"excerpt":"\r Greater stability is expected in the public housing market in 2017, according to PropertyGuru\u2019s HDB resale outlook report. PropertyGuru Group, Asia\u2019s leading online property group, forecasts steadiness in the HDB resale market, according to its ebook for H1 2017. Highlights include: Ongoing stability in the HDB resale market. Around\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-dip-0-1-in-q3\/","url_meta":{"origin":110717,"position":4},"title":"HDB resale prices dip 0.1% in Q3","date":"October 29, 2018","format":false,"excerpt":"\r HDB resale prices have been lacklustre due to the large supply of unsold BTO flats, says one analyst. Despite a higher number of transactions, resale prices of HDB flats dipped by 0.1 percent in Q3 2018 on a quarterly basis, said the Housing and Development Board (HDB) on Friday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113352,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-4-in-q4-2019\/","url_meta":{"origin":110717,"position":5},"title":"HDB resale prices up 0.4% in Q4 2019","date":"January 2, 2020","format":false,"excerpt":"\r As such, the HDB Resale Price Index (RPI), which measures overall price movements of resale HDB flats, is now 131.4.\u00a0 Resale prices of HDB flats have continued to climb in Q4 2019, raising by 0.4% from the 0.1% increase in Q3 2019, according to the latest HDB flash estimates.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/HDB-flash-estimates-Q4-2019.png?fit=600%2C343&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110717"}],"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=110717"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110717\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}