![](\"http:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Singapore-property.jpg?fit=740%2C555\")
\nFurther home-price drop could signal the end of cooling measures<\/p>\n
\nFurther home-price drop could signal the end of cooling measures<\/p>\n
Singapore has been branded as the \u201cworst-performing\u201d among Southeast Asian property markets, thanks (or no thanks) to the government-led curbing measures to cool the domestic market, which hit record prices in 2013.
Further home-price drop could signal the end of cooling measures Singapore has been branded as...<\/p>\n","protected":false},"author":1,"featured_media":1360,"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-1359","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\/2016\/01\/Singapore-property.jpg?fit=740%2C555&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-lV","jetpack-related-posts":[{"id":18988,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/could-property-cooling-measures-in-singapore-be-permanent\/","url_meta":{"origin":1359,"position":0},"title":"Could property cooling measures in Singapore be permanent?","date":"July 7, 2016","format":false,"excerpt":"\r \u201cTo ensure Singapore\u2019s long-term survival\u201d Waterfront apartments in Singapore Unless local residential property prices plunge dramatically, the Singaporean government may not lift the cooling measures, reported\u00a0Singapore Business Review\u00a0citing a Maybank Kim Eng report. \u201cSingapore households have SGD840 billion (USD623.7 billion) of capital, or 209 percent of GDP tied up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24507,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-condo-prices-inch-up-in-july-from-central-region-gains\/","url_meta":{"origin":1359,"position":1},"title":"Singapore condo prices inch up in July from central region gains","date":"August 31, 2016","format":false,"excerpt":"\r Values in both central and non-central regions sink year-on-year though Singapore\u2019s central region lifted overall price growth for condos across the island. Songquan Deng \/ Shutterstock Condominium values in the central region of Singapore are still in the growth lane. Last month, prices for non-landed residential units in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-still-worlds-2nd-most-expensive-housing-market\/","url_meta":{"origin":1359,"position":2},"title":"Singapore still world\u2019s 2nd most expensive housing market","date":"April 12, 2019","format":false,"excerpt":"\r This comes despite the government\u2019s introduction of new cooling measures last year which saw property price growth drop a little. Singapore has once again emerged as the world\u2019s second most expensive residential property market behind Hong Kong, revealed a CBRE report which compared private residential properties across 35 key\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120473,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-interest-rates-pose-risks-to-property-market-warns-heng\/","url_meta":{"origin":1359,"position":3},"title":"Low interest rates pose risks to property market, warns Heng","date":"February 18, 2021","format":false,"excerpt":"\r Low interest rates pose risks to property market, warns HengThis comes as Singapore\u2019s housing market registered a rapid recovery after the COVID-19 pandemic brought the economy to its worst recession, sparking speculation that the government would once again intervene and roll-out new\u00a0cooling measures. Singapore\u2019s Deputy Prime Minister Heng Swee\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/Residential-apartments-in-Singapore-v2-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":108888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-building-sector-to-grow-3-2-in-2019\/","url_meta":{"origin":1359,"position":4},"title":"Singapore\u2019s building sector to grow 3.2% in 2019","date":"July 11, 2019","format":false,"excerpt":"\r Fitch Solutions expects Singapore\u2019s building sector to grow by 3.2 percent this year and 2.3 percent in 2020, on the back of strong pipeline of planned buildings. Singapore Business Review reported that the firm attributed the faster pace of growth to the residential buildings sector, which it forecasts will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-is-7th-in-global-luxury-property-rankings\/","url_meta":{"origin":1359,"position":5},"title":"Singapore is 7th in global luxury property rankings","date":"March 7, 2019","format":false,"excerpt":"\r Luxury home prices in the city-state rose by over nine percent in 2018 \u2013 which marked the peak of its current market cycle. Singapore has emerged seventh in Knight Frank\u2019s Prime International Residential Index (PIRI 100), even after going through over 15 property cooling measures since 2010. This comes\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\/1359"}],"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=1359"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/1359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/1360"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=1359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=1359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=1359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSome real estate analysts, however, think the massive price declines in Singapore\u2019s residential segment \u2013 forecast at 8 percent in 2016, per consultancy firm JLL \u2013 could sway authorities to halt the cooling policies.
\nAccording to Bloomberg, home values dropped for a ninth quarter in Q4 2015, Singapore\u2019s longest losing streak in 17 years.
\nThe city-state\u2019s property sector also reported its first year-on-year decline since 2008, with the 3.7 percent drop in prices in 2015.
\nPrivate home resale prices have also been sliding. Channel News Asia reported that the overall price drop in this segment was about 2.3 percent, per data from SRX Property, which commented that the declines \u201creflect the current languid market sentiment and the sustained impact of the cooling measures.\u201d
\nThe slowdown certainly impacted property agents as well, with the hardest-hit temporarily changing careers and becoming Uber drivers while they wait for the market activity to pick up.
\nMore: Is Singapore property ready to roar again?
\nDue to the downward trajectory of home prices, however, more properties have become available for buyers who might have hesitated to purchase real estate before.
\n\u201cPeople who were previously priced out of the market can afford to buy now,\u201d\u00a0Alan Cheong, senior director of research & consultancy at Savills Singapore, told the\u00a0Strait Times.
\nIn an exclusive interview today with\u00a0Bloomberg TV, Steve Melhuish, CEO and co-founder of leading regional property portal PropertyGuru, said\u00a0that while transaction values have dropped by about 70 percent, Singapore would remain attractive to investors, especially in the long-term.
\nAnd although the Singaporean market is expected to bottom out this year, experts believe that the government would not give up on the cooling measures just yet.
\n\u201cThe government has maintained that it is not yet time to ease the cooling measures and our sense is that it is more likely to be later rather than earlier in 2016,\u201d Ong Teck Hui, national director of research & consultancy at JLL in Singapore
\nSingapore-based Asia-Pacific research director at Knight Frank, Nicholas Holt, agreed. \u201cAll the noises from the government are that cooling measures are here to stay. I\u2019m sure that behind closed doors they are talking about possible tweaking of some of the cooling measures.\u201d
\n
\nSource : property-report.com
\nRead more…Why now might be a good time to buy residential property in Singapore<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"