{"id":47961,"date":"2017-03-14T11:56:15","date_gmt":"2017-03-14T04:56:15","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-buying-frenzy-despite-easing-of-property-cooling-measures\/"},"modified":"2017-03-14T12:00:40","modified_gmt":"2017-03-14T05:00:40","slug":"no-buying-frenzy-despite-easing-of-property-cooling-measures","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-buying-frenzy-despite-easing-of-property-cooling-measures\/","title":{"rendered":"No buying frenzy despite easing of property cooling measures"},"content":{"rendered":"


\nSales at some new launches in Singapore continue to move slowly despite the recent tweaking of property curbs.
\nThe easing of some property cooling measures last week has not propelled demand for private homes, reported the Straits Times.
\nProperty agents noted that there was no buying frenzy at most showflats, where it was business as usual.
\n\u201cIt probably got people more interested to look around for units, but there was no sharp spike in sales. I don\u2019t think the changes to the measures were designed to do that,\u201d said Dominic Lee, Branch District Director at PropNex Realty.
\nSales at The Clement Canopy in Clementi as well as Grandeur Park Residences in Tanah Merah continued to move slowly following their first weekend launch, with only 10 and 23 units sold respectively over the weekend.
\nThis indicates that the government\u2019s decision to ease property curbs had relatively little effect on new home sales.
\nThe government reduced the Seller\u2019s Stamp Duty (SSD) holding period for homes purchased from 11 March 2017 from four to three years, and lowered the rates for each tier by four percentage points.
\nIt also waived the Total Debt Servicing Ratio (TDSR) framework on mortgage equity withdrawal loans with loan-to-value (LTV) ratios of 50 percent and below.
\nHowever, Desmond Sim, CBRE\u2019s Head of Research for Singapore and South East Asia, noted that \u201cmost of the TDSR is still in place, as are the Additional Buyer\u2019s Stamp Duty and the LTV limits\u201d.
\n\u201cThese are the ones that will impact buying decisions,\u201d he said.
\nHe added that buyers may also be taking a cautious approach in light of the potential hike in US interest rates, which could result in higher rates here and suppress investor demand for homes.
\nNonetheless, it may also encourage fence-sitters on the lookout for a unit to live in to get the deal done sooner than later.
\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…No buying frenzy despite easing of property cooling measures<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sales at some new launches in Singapore continue to move slowly despite the recent tweaking...<\/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-47961","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-ctz","jetpack-related-posts":[{"id":101756,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cooling-measures-dampened-buying-sentiment-in-q3-report\/","url_meta":{"origin":47961,"position":0},"title":"Cooling measures dampened buying sentiment in Q3: report","date":"November 28, 2018","format":false,"excerpt":"\r En bloc sales in Singapore have come to a halt while residential sales have also suffered. The government\u2019s latest round of property cooling measures dampened buying sentiment in the private residential market during the third quarter of 2018, said Edmund Tie & Company (ET&Co) in a report. This comes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-housing-frenzy-starts-to-calm\/","url_meta":{"origin":47961,"position":1},"title":"China\u2019s housing frenzy starts to calm","date":"October 21, 2016","format":false,"excerpt":"\r Cooling measures spark easing of prices and volumes in biggest cities\r \r Source : ft.com\r Read more...China\u2019s housing frenzy starts to calm","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112959,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-years-needed-to-clear-property-supply-glut-experts\/","url_meta":{"origin":47961,"position":2},"title":"4 years needed to clear property supply glut: Experts","date":"December 9, 2019","format":false,"excerpt":"\r The current property glut issue in Singapore could take around four years to be eliminated, property experts told Bloomberg. The overhang could also\u00a0exert a downward pressure on property prices in the midst of an uncertain economic outlook.\u00a0 The Urban Redevelopment Authority (URA) revealed an overhang of 31,948 units as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40432,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-suisse-time-is-ripe-to-ease-property-cooling-measures\/","url_meta":{"origin":47961,"position":3},"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":60070,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-home-prices-on-the-upswing\/","url_meta":{"origin":47961,"position":4},"title":"Luxury home prices on the upswing","date":"July 7, 2017","format":false,"excerpt":"\r Image: Martin Modern (Christopher Chitty) While it has taken a beating from the government\u2019s property cooling measures in recent years, luxury home prices in Singapore are now showing signs of recovery, reported Bloomberg. In fact, luxury home sales had been on the upswing even before some of the cooling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30631,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-home-sales-decline-as-governments-market-cooling-measures-take-effect\/","url_meta":{"origin":47961,"position":5},"title":"China\u2019s home sales decline as government\u2019s market-cooling measures take effect","date":"October 19, 2016","format":false,"excerpt":"\r China\u2019s home sales declined during the first two weeks of October, according to a survey, in a sign that government policies aimed at cooling the real estate market are taking effect. Sales volume in 54 cities in mainland China fell as much as 40 per cent from a year\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\/47961"}],"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=47961"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47961\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=47961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=47961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=47961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}