{"id":40432,"date":"2017-01-12T11:15:03","date_gmt":"2017-01-12T04:15:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-suisse-time-is-ripe-to-ease-property-cooling-measures\/"},"modified":"2017-01-12T11:19:08","modified_gmt":"2017-01-12T04:19:08","slug":"credit-suisse-time-is-ripe-to-ease-property-cooling-measures","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-suisse-time-is-ripe-to-ease-property-cooling-measures\/","title":{"rendered":"Credit Suisse: Time is ripe to ease property cooling measures"},"content":{"rendered":"


\nSome analysts believe there is a case for an easing of measures.
\nCredit Suisse believes that the time is ripe for an easing of some of the property cooling measures, given that several of its objectives have been met.
\nSpeculative activities, for instance, have significantly dropped as monthly sub-sales now stand at just two percent of total volumes. Foreign demand has also been curbed significantly with overall foreigner buying at seven percent of total volumes, while housing affordability has improved substantially with incomes having outpaced home prices, both on a short-term and long-term perspective.
\nThe financial services firm revealed that achieving a sustainable and stable property market has been the government\u2019s main objective ever since it rolled out eight rounds of property curbs since 2009.
\n\u201cWhile it is imperative to retain the Total Debt Servicing Ratio (TDSR) framework and loan-to-value restrictions to ensure financial prudence amongst households, we believe that stamp duty measures, such as the Additional Buyers Stamp Duty (ABSD) and Sellers Stamp Duty (SSD), add extraneous frictional costs in the current soft property, economic and labour market,\u201d it said.
\n\u201cGiven the weakening macro outlook, further adjustments to property cooling measures would be one of the range of policies the government can use to combat a slowdown.\u201d
\nCredit Suisse noted that an easing of the SSD measures would allow \u201cstretched households to offload their investment properties and alleviate their financial situation, while an easing of the ABSD could allow those who are financially able to re-enter the market to support such sellers\u201d.<\/p>\n

\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Credit Suisse: Time is ripe to ease property cooling measures<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some analysts believe there is a case for an easing of measures. Credit Suisse believes...<\/p>\n","protected":false},"author":1,"featured_media":40433,"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-40432","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\/2017\/01\/Property-cooling-measures-and-potential-adjustments.jpg?fit=755%2C368&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-aw8","jetpack-related-posts":[{"id":41823,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-january-2017\/","url_meta":{"origin":40432,"position":0},"title":"News Roundup (January 2017)","date":"January 25, 2017","format":false,"excerpt":"\r \u00a0 Our top Singapore property stories. Credit Suisse: Time is ripe to ease property cooling measures Credit Suisse believes that the time is ripe for an easing of some of the property cooling measures, given that several of its objectives have been met. Speculative activities, for instance, have significantly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/01\/One-Tree-Hill-Garden-1024x683.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":24689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/other-property-measures-may-be-eased-after-tdsr-tweaked-report\/","url_meta":{"origin":40432,"position":1},"title":"Other property measures may be eased after TDSR tweaked: report","date":"September 2, 2016","format":false,"excerpt":"\r Changes to the TDSR could be a precursor to further fine-tuning of the property measures. The decision by the Monetary Authority of Singapore (MAS) to revise the refinancing rules under the Total Debt Servicing Ratio (TDSR) framework is seen as a favourable move by Credit Suisse, and a possible\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37418,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-to-benefit-from-improving-market-sentiment\/","url_meta":{"origin":40432,"position":2},"title":"CDL to benefit from improving market sentiment","date":"December 8, 2016","format":false,"excerpt":"\r CDL has the largest available land bank and unsold inventory, with an estimated 2,909 units worth $5.8 billion. Improving sentiment in the housing market will likely benefit City Developments Limited (CDL), as it remains the developer with the most available inventory, with much of its land bank purchased at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41981,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/large-developer-stocks-to-benefit-from-a-home-price-rebound\/","url_meta":{"origin":40432,"position":3},"title":"Large developer stocks to benefit from a home price rebound","date":"January 26, 2017","format":false,"excerpt":"\r Analysts expect some announcement with regards to the property cooling measures at the upcoming budget speech. With home prices set to make a comeback, analysts expect the government to signal its intention to review the property cooling measures during the budget speech in February, which could, in turn, boost\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111211,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-suisse-valued-propertyguru-at-up-to-1-13b\/","url_meta":{"origin":40432,"position":4},"title":"Credit Suisse valued PropertyGuru at up to $1.13b","date":"September 30, 2019","format":false,"excerpt":"\r Credit Suisse said the company managed to continue growing despite property cooling measures in its biggest market, Singapore. Credit Suisse has described real estate portal PropertyGuru as the next unicorn on the Australian Securities Exchange (ASX) as it values the Singapore-based company at $1.02 to $1.13 billion. The figure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-market-unaffected-by-indonesian-tax-amnesty\/","url_meta":{"origin":40432,"position":5},"title":"Singapore home market unaffected by Indonesian tax amnesty","date":"September 30, 2016","format":false,"excerpt":"\r Indonesian property holdings in Singapore have seen lower than expected\u00a0liquidation since the introduction of the TAS. The implementation of the Tax Amnesty Scheme (TAS) in Indonesia has not had any material impact on Singapore\u2019s residential segment, said Credit Suisse in a report. Credit Suisse noted that Indonesians have historically\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\/40432"}],"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=40432"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/40432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/40433"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=40432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=40432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=40432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}