{"id":45068,"date":"2017-02-22T10:20:11","date_gmt":"2017-02-22T03:20:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/experts-not-surprised-with-governments-stance-on-home-curbs\/"},"modified":"2017-02-22T10:21:14","modified_gmt":"2017-02-22T03:21:14","slug":"experts-not-surprised-with-governments-stance-on-home-curbs","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/experts-not-surprised-with-governments-stance-on-home-curbs\/","title":{"rendered":"Experts not surprised with government's stance on home curbs"},"content":{"rendered":"


\n\u00a0
\nThe government\u2019s decision to keep its residential property curbs came as no surprise to industry experts, reported The Straits Times.
\nIn a Bloomberg interview, National Development Minister Lawrence Wong revealed that Singapore\u2019s home curbs will likely stay for some time since demand in the market \u201cremains very resilient\u201d.
\nCapitaLand President and Chief Executive Lim Ming Yan even expects the curbs to remain in place for another year. \u201cWe see this trend continuing for 2017,\u201d he said in a Bloomberg interview earlier in the month.
\nKu Swee Yong, Key Executive Officer at International Property Advisor, noted that the government is \u201cprobably reluctant to pull back on the curbs because there remain the risks that doing so will overheat the market again\u201d.
\nTay Hong Beng, Head of Real Estate at KPMG in Singapore, added that the authorities may be concerned that \u201cthe existing economic conditions with generally lower interest rates and relative affordability of the residential properties may create an unmanageable spike in demand from both foreign and local investors\u201d.
\nMeanwhile, Ong Teck Hui, National Director for Research and Consultancy at JLL, believes it is still too early for the government to ease the curbs.
\nWith this year\u2019s Budget including larger Central Provident Fund housing grants for resale flats, Ong expects HDB resale prices to \u201cstabilise or perhaps rise slightly with increased demand and higher resale volume\u201d.
\nAnd a healthy resale market could encourage those looking to upgrade to private homes and boost demand for them, added Ong.
\nChristopher Chitty, Senior Content Specialist edited this story.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Experts not surprised with government’s stance on home curbs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 The government\u2019s decision to keep its residential property curbs came as no surprise to...<\/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-45068","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-bIU","jetpack-related-posts":[{"id":45218,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/factors-affecting-property-demand-to-remain-for-some-time\/","url_meta":{"origin":45068,"position":0},"title":"Factors affecting property demand to remain for some time","date":"February 22, 2017","format":false,"excerpt":"\r \u00a0 UPDATED:\u00a0The government\u2019s decision to keep its residential property curbs came as no surprise to industry experts, reported The Straits Times. In a Bloomberg interview, National Development Minister Lawrence Wong revealed that, \u201cdemand is still healthy,\u201d due to low interest rate and economic stability. He went on to say\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38079,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/find-out-how-these-billionaires-dodged-hong-kongs-new-property-curbs\/","url_meta":{"origin":45068,"position":1},"title":"Find out how these billionaires dodged Hong Kong\u2019s new property curbs","date":"December 14, 2016","format":false,"excerpt":"\r Twist: Asia\u2019s most expensive apartments had a royal bargain in taxes Victoria Harbour, Hong Kong at night. leungchopan\/Shutterstock While Hong Kong\u2019s new property curbs have had its intended effects, they still seem to have big enough loopholes to drive mansions into. Ultra-high-net-worth individuals in Hong Kong have found technicalities\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93533,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/people-to-buy-hdb-resale-flats-instead-due-to-new-curbs\/","url_meta":{"origin":45068,"position":2},"title":"People to buy HDB resale flats instead due to new curbs","date":"July 10, 2018","format":false,"excerpt":"\r Experts revealed that the government\u2019s surprise implementation of new cooling measures on the private residential market last week is expected to prompt some people to buy HDB resale flats instead, but the number is unlikely to be significant, reported Channel NewsAsia. \u201cIt is only beneficial to people who probably\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114393,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-plans-to-ease-property-curbs-deputy-pm\/","url_meta":{"origin":45068,"position":3},"title":"No plans to ease property curbs: Deputy PM","date":"February 20, 2020","format":false,"excerpt":"\r His statement comes after developers made renewed calls to loosen a measure penalising them for their failure to complete and sell new projects in five years.\u00a0 Singapore\u2019s Deputy Prime Minister and Finance Minister Heng Swee Keat revealed that the government has no plans to ease the property cooling measures.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99832,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-expects-home-prices-to-increase-amidst-curbs\/","url_meta":{"origin":45068,"position":4},"title":"Morgan Stanley expects home prices to increase amidst curbs","date":"October 15, 2018","format":false,"excerpt":"\r Housing prices in Singapore are expected to increase by up to 10 percent by the end of next year. Despite the new housing curbs, Morgan Stanley expects home prices in Singapore to increase by up to 10 percent by end-2019 and to double by 2030, reported Bloomberg. Morgan Stanley\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95477,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-luxury-home-market-will-bear-brunt-of-new-curbs\/","url_meta":{"origin":45068,"position":5},"title":"Singapore's luxury home market will bear brunt of new curbs","date":"August 6, 2018","format":false,"excerpt":"\r Patrick Foto\/Shutterstock Overseas property hunters may pull back. By Property Report Singapore\u2019s recently announced cooling measures\u00a0will have their biggest impact on luxury residential property seekers, a leading market observer told\u00a0Bloomberg.\u00a0 \u201cMore foreign buyers have been eyeing Singapore\u2019s luxury homes for the past year, but they may now take a\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\/45068"}],"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=45068"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45068\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=45068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=45068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=45068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}