{"id":120284,"date":"2021-02-10T02:45:09","date_gmt":"2021-02-09T19:45:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-expect-government-to-introduce-property-cooling-measures\/"},"modified":"2021-02-10T11:02:50","modified_gmt":"2021-02-10T04:02:50","slug":"more-expect-government-to-introduce-property-cooling-measures","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-expect-government-to-introduce-property-cooling-measures\/","title":{"rendered":"More expect government to introduce property cooling measures"},"content":{"rendered":"


\nMore expect government to introduce property cooling measuresThe quarterly survey polled around 40 to 50 senior executives in the real estate sector. The\u00a0possible risk of the government stepping in to cool the market jumped from 19.2%\u00a0in Q3 2020 to\u00a044.7% in Q4 2020.
\nThe latest Real Estate Sentiment Index showed that more market observers expect the government to intervene to cool the private home market, reported The Business Times (BT).
\nPublished by the National University of Singapore Real Estate (NUS+RE), the quarterly survey polled around 40 to 50 senior executives in the real estate sector.
\nNUS+RE represents the university\u2019s Department of Real Estate and the Institute of Real Estate and Urban Studies.
\nOne risk factor that significantly increased include the possible risk of the government stepping in to cool the market, jumping to 44.7% in Q4 2020 from 19.2% in Q3 2020.
\nAnother was the potential risk of a real estate price bubble or excessive speculative activities which rose to 25.5% in Q4 from 5.8% in the previous quarter.
\nRecommended article:\u00a0Appraisal Time: How good a job did the cooling measures do?
\nMeanwhile, rising construction costs emerged as the top potential risk factor that could temper sentiment over the next six months, overtaking economic woes, noted BT.
\nThe proportion of respondents indicating concerns on increasing construction costs climbed to 85.1% in Q4 compared to 76.9% in Q3.
\n\u201cConstruction costs are expected to increase in the next six months due to shortage of manpower, supply disruptions of building materials and tighter regulations imposed on construction sites. This could potentially lead to persistent demand-supply mismatch in the near term,\u201d said one respondent as quoted by BT.
\nThe proportion of respondents who sees job losses or a decline in domestic economy as a potential risk factor dropped to 61.7% from 100%, while those who are concerned of global economic slowdown fell to 76.6% from 96.2%.
\nSuggested read:\u00a0What is a Property Bull Run and Is It Already Happening in Singapore?
\nAs to future launches and sales, around 58% of property developers surveyed expect prices to moderately increase, while 29% sees prices remaining stable.
\nAbout 54% of developers expect a moderate or substantial increase in the number of units coming to the market over the next six months.
\nNUS+RE noted that the study\u2019s composite index, which is a derived indicator of the overall real estate market sentiment, continued on an upward trend as it rose to 6.5 in Q4 2020 from 5.4 in the previous quarter, indicating an optimistic outlook.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…More expect government to introduce property cooling measures<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More expect government to introduce property cooling measuresThe quarterly survey polled around 40 to 50...<\/p>\n","protected":false},"author":1,"featured_media":120285,"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-120284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/Singapore-slips-in-ranks-of-real-estate-investment-favourites-e1479969177648.original.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vi4","jetpack-related-posts":[{"id":70074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-more-upbeat-but-worry-over-possible-curbs\/","url_meta":{"origin":120284,"position":0},"title":"Developers more upbeat but worry over possible curbs","date":"October 26, 2017","format":false,"excerpt":"\r Home builders here have become more bullish, but they fear that the improving market conditions would result in more property curbs from the authorities, reported the Straits Times. In fact, the Real Estate Sentiment Index (RESI) show that property developers\u2019 general sentiment has improved. They also have better views\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-developers-remain-pessimistic-about-the-property-market\/","url_meta":{"origin":120284,"position":1},"title":"Singapore developers remain pessimistic about the property market","date":"January 21, 2019","format":false,"excerpt":"\r Developers remain cautious amid weakening market conditions expected in 2019. Singapore developers remain pessimistic over the state of the property market, even as the Real Estate Sentiment Index (RESI) posted a marginal uptick during the fourth quarter of 2018. Jointly developed by the Real Estate Developers\u2019 Association of Singapore\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100382,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentiment-among-property-developers-down-on-july-cooling-measures\/","url_meta":{"origin":120284,"position":2},"title":"Sentiment among property developers down on July cooling measures","date":"October 23, 2018","format":false,"excerpt":"\r The latest round of cooling measures were described as unexpected and surprising, as well as extremely disruptive. 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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":86320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sentiment-hits-record-high-in-q1-2018\/","url_meta":{"origin":120284,"position":4},"title":"Developer sentiment hits record high in Q1 2018","date":"April 24, 2018","format":false,"excerpt":"\r Many developers expect property prices to increase by 5.0 to 8.0 percent for the whole of 2018. Singapore developers have become more upbeat about the state of the property market, with the Real Estate Sentiment Index (RESI) hitting a record high since the index was launched in Q1 2010.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-q3-economic-growth-disappoints\/","url_meta":{"origin":120284,"position":5},"title":"Singapore Q3 economic growth disappoints","date":"November 23, 2018","format":false,"excerpt":"\r There are concerns that the recent property cooling measures could weigh down on the real estate and construction sectors. Singapore\u2019s gross domestic product (GDP) rose by 3.0 percent quarter-on-quarter on a seasonally-adjusted and annualised basis in Q3 2018, surpassing the previous quarter\u2019s increase of 1.0 percent, reported the Business\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\/120284"}],"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=120284"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/120285"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}