{"id":47843,"date":"2017-03-13T11:31:28","date_gmt":"2017-03-13T04:31:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-dont-see-significant-impact-of-tweaking-cooling-measures\/"},"modified":"2017-03-13T11:39:43","modified_gmt":"2017-03-13T04:39:43","slug":"analysts-dont-see-significant-impact-of-tweaking-cooling-measures","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-dont-see-significant-impact-of-tweaking-cooling-measures\/","title":{"rendered":"Analysts don\u2019t see significant impact of tweaking cooling measures"},"content":{"rendered":"


\nThe latest policy relaxation is seen as the beginning of the unwinding of cooling measures, an analyst said.
\nAlthough analysts welcomed the move to ease the Seller\u2019s Stamp Duty (SSD) and the Total Debt Servicing Ratio (TDSR) framework, they do not expect the latest measures to have a significant impact on the property market, reported Channel NewsAsia.
\nERA Realty Key Executive Officer, Eugene Lim, for instance, noted that while the reduced stamp duty will \u201cbring relief and a way out\u201d for owners looking to sell their properties within three years, the adjustment will unlikely push prices up in both the primary and secondary markets.
\nThis comes as the measure is a forward-looking one, hence, applicable only to housing units purchased on or after 11 March 2017.
\nGiven the abundant supply in the residential market and the Additional Buyer\u2019s Stamp Duty (ABSD) and loan-to-value (LTV) limits still in place, \u201cdevelopers and sellers are expected to remain realistic when pricing their units for sale\u201d, he noted.
\nMohamed Ismail, CEO of PropNex Realty, described the latest tweak as a minor change that will only affect a small group of owners.
\n\u201cWe feel that changes to the TDSR framework will help homeowners to monetise their properties in their retirement years,\u201d he said.
\nThe government eased the TDSR, with the 60 percent threshold no longer applicable to mortgage equity withdrawal loans with LTV ratios of 50 percent and below.
\nNonetheless, Ong Kah Seng, Director at R\u2019ST Research, believes the cut in the SSD could lead to a \u201cpositive knee-jerk effect\u201d on developer sales.
\n\u201cWe may see developers (being) able to clear stock rapidly at least in these two months. This includes projects that were launched a while ago and saddled with substantial unsold stock, as well as projects with strong selling points.\u201d
\nMeanwhile, Ong Teck Hui, National Director, Research and Consultancy at JLL, sees the policy relaxation as \u201cthe beginning of the unwinding of cooling measures and this is expected to lead more buyers back to the market\u201d.
\n\u201cBuyers would perceive the market as bottoming and be hopeful of a price recovery.\u201d
\nSeparately, Hari Krishnan, CEO of PropertyGuru Group, said the tweaking of the measures indicates that the \u201cgovernment is closely watching the sector and seeking to ensure a healthy, thriving real estate market, while addressing concerns from homeowners and investors\u201d.
\nHe expects the downward revisions on the SSD to stimulate investment sales, particularly in the short- to medium-term.
\nThe change will \u201cmost likely benefit real estate investors looking to exit their investments after three years, as they will be able to place their properties on the market earlier, without the burden of stamp duties\u201d, he noted.
\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…Analysts don\u2019t see significant impact of tweaking cooling measures<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The latest policy relaxation is seen as the beginning of the unwinding of cooling measures,...<\/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-47843","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-crF","jetpack-related-posts":[{"id":40432,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-suisse-time-is-ripe-to-ease-property-cooling-measures\/","url_meta":{"origin":47843,"position":0},"title":"Credit Suisse: Time is ripe to ease property cooling measures","date":"January 12, 2017","format":false,"excerpt":"\r Some analysts believe there is a case for an easing of 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 dropped as monthly sub-sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"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&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":102872,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-cooling-measures-impact-bigger-than-expected\/","url_meta":{"origin":47843,"position":1},"title":"Property cooling measures\u2019 impact bigger than expected","date":"January 11, 2019","format":false,"excerpt":"\r DBS bank\u2019s property loans segment has dropped by 40 to 50 percent since the latest cooling measures were announced. The government\u2019s surprise property cooling measures in July 2018 had \u201cmore bite\u201d than anticipated, with DBS bank\u2019s property loans segment dropping by 40 to 50 percent \u2013 way below the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/time-to-upgrade-as-hong-kongs-new-property-stamp-duty-rule-kicks-in\/","url_meta":{"origin":47843,"position":2},"title":"Time to upgrade as Hong Kong\u2019s new property stamp duty rule kicks in","date":"January 15, 2018","format":false,"excerpt":"\r Hong Kong\u2019s recently announced tax relaxation will attract more property buyers and encourage upgrades in the primary market, reviving sales in the ailing pre-owned residential sector, according to analysts. St Barths, the first residential project sale in 2018, sold out its 118 flats on the weekend, partly driven by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59338,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-cooling-measures-remain-necessary-says-mas\/","url_meta":{"origin":47843,"position":3},"title":"Property cooling measures remain necessary, says MAS","date":"June 30, 2017","format":false,"excerpt":"\r \u00a0 The Monetary Authority of Singapore on Thursday (29 June) said the property cooling measures remain necessary given that the underlying demand for private residential properties continue to be firm amid a persistently low interest rate environment and foreign investors looking for good yields, reported Today Online. MAS managing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-stocks-fall-amid-new-cooling-measures\/","url_meta":{"origin":47843,"position":4},"title":"Singapore property stocks fall amid new cooling measures","date":"December 17, 2021","format":false,"excerpt":"\r The latest round of cooling measures, which saw higher ABSD rates, a tighter TDSR threshold and a lower LTV limit for HDB-granted loans, impacted Singapore property stocks negatively. Singapore\u2019s property firms saw their shares drop on Thursday (16 December) following the Government\u2019s unexpected announcement of new property cooling measures,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/singapore-city.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":97824,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fewer-en-bloc-transactions-expected-for-the-rest-of-2018\/","url_meta":{"origin":47843,"position":5},"title":"Fewer en bloc transactions expected for the rest of 2018","date":"September 14, 2018","format":false,"excerpt":"\r There was about $10.5 billion worth of en bloc deals in the first half of 2018. 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