{"id":114035,"date":"2020-02-03T11:10:50","date_gmt":"2020-02-03T04:10:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-market-to-remain-stable-redas\/"},"modified":"2020-02-03T12:14:38","modified_gmt":"2020-02-03T05:14:38","slug":"private-residential-market-to-remain-stable-redas","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-residential-market-to-remain-stable-redas\/","title":{"rendered":"Private residential market to remain stable, Redas"},"content":{"rendered":"


\nRedas president believes that\u00a0the government will act where and when necessary to keep a stable and sustainable property market.
\nDespite the uneven new home sales performance across different projects and segments, Real Estate Developers\u2019 Association of Singapore (Redas) president Chia Ngiang Hong expects the private residential market to remain stable in line with economic fundamentals, reported The Business Times.
\n\u201cIn the beginning of the year, most analysts expect new home sales for the year 2020 to remain resilient and roughly match 2019\u2019s level. Prices of new homes are not expected to change much,\u201d explained Chia.
\nThis is notwithstanding the remaining concern of property developers over the future supply and build-up of unsold inventory.
\nChia is positive that the government will act where and when necessary to keep a stable and sustainable property market.
\nIn fact, the very strong \u201cgrowth in fixed asset investments and foreign direct investments in 2019 despite strong headwinds is testament to this. Our monetary and fiscal systems are well managed and sound\u201d, he said.
\nHe also believes that the economic fundamentals of the city-state remain sound, with Singapore continuing to attract talent, businesses, global capital and investments.
\nChia noted that \u201copportunities abound for us to work with our government and city planners to further develop, transform and modernise Singapore\u201d.
\nUnder the Urban Redevelopment Authority\u2019s (URA) Master Plan 2019, for instance, new decentralised growth centres beyond the Central Business District (CBD) are being developed. The central area is also being encouraged for redevelopment and rejuvenation via the CBD and Strategic Development Incentive Schemes.
\nThus, \u201cclimate change, technological advancements, smart innovations and evolving needs and aspirations while disruptive will also present new opportunities for our real estate businesses\u201d.
\nThese factors, according to him, will help strengthen and support the economy\u2019s growth while keeping the real estate businesses and the market stable and resilient, despite the present challenges in the macro-environment.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg\u00a0
\n\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Private residential market to remain stable, Redas<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Redas president believes that\u00a0the government will act where and when necessary to keep a stable...<\/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-114035","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-tFh","jetpack-related-posts":[{"id":103066,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/redas-names-cdl-group-general-manager-as-new-president\/","url_meta":{"origin":114035,"position":0},"title":"REDAS names CDL group general manager as new president","date":"January 18, 2019","format":false,"excerpt":"\r Augustine Tan will be stepping down as president of REDAS. (Photo: Far East Organization) The Real Estate Developers\u2019 Association of Singapore (REDAS) has named Chia Ngiang Hong, group general manager at City Developments Limited (CDL), as its new president for the 2019\/2020 term, reported the Business Times. He will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42055,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/augustine-tan-remains-redas-president\/","url_meta":{"origin":114035,"position":1},"title":"Augustine Tan remains Redas president","date":"January 27, 2017","format":false,"excerpt":"\r Augustine Tan has been re-elected as Redas President for another two-year term. (Photo: Far East Organization) The Real Estate Developers\u2019 Association of Singapore (Redas) on Thursday, 26 January, named Augustine Tan as its President for another two-year term, reported the Business Times. The 58-year-old, who is also Executive Director\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104187,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/redas-calls-on-government-to-tweak-property-cooling-measures\/","url_meta":{"origin":114035,"position":2},"title":"REDAS calls on government to tweak property cooling measures","date":"February 20, 2019","format":false,"excerpt":"\r Last year, the government raised the ABSD payable by developers from 15 percent to 30 percent, of which five percent is non-remittable. Real Estate Developers\u2019 Association of Singapore (REDAS) president Chia Ngiang Hong has urged the government to review the additional buyer\u2019s stamp duty (ABSD) policy to avoid the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113765,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/redas-strikes-back-against-nus-for-developer-collusion-study\/","url_meta":{"origin":114035,"position":3},"title":"Redas strikes back against NUS for 'developer collusion' study","date":"January 20, 2020","format":false,"excerpt":"\r \u00a0 The Real Estate Developers\u2019 Association of Singapore (Redas) has strongly denied the suggestion that the industry is engaged in insider trading, price fixing or collusion, reported Today. This strong sentiment follows the National University of Singapore (NUS) Business School\u2019s recent publication of a research paper that claimed the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68246,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/redas-fast-paced-land-acquisitions-at-higher-prices-not-sustainable\/","url_meta":{"origin":114035,"position":4},"title":"REDAS: Fast-paced land acquisitions at higher prices not sustainable","date":"October 5, 2017","format":false,"excerpt":"\r Augustine Tan, President of Redas. (Photo: Far East Organization) While City Developments and Hong Realty acquired Amber Park for a record $1,515 per square foot per plot ratio, Real Estate Developers\u2019 Association of Singapore (Redas) president Augustine Tan warned that the fast rate by which developers acquire private residential\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-property-curbs-to-erode-market-confidence-says-redas\/","url_meta":{"origin":114035,"position":5},"title":"New property curbs to erode market confidence, says REDAS","date":"July 18, 2018","format":false,"excerpt":"\r The new property curbs are a \u201cbig setback\u201d for Singapore\u2019s property sector, according to the Real Estate Developers\u2019 Association of Singapore (REDAS) in a report by the Business Times. These new cooling measures will impact the confidence of property developers, investors and home buyers, said REDAS President Augustine Tan.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114035"}],"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=114035"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114035\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}