{"id":51476,"date":"2017-04-10T11:05:56","date_gmt":"2017-04-10T04:05:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-singapores-housing-market-on-the-road-to-recovery\/"},"modified":"2017-04-10T19:30:54","modified_gmt":"2017-04-10T12:30:54","slug":"is-singapores-housing-market-on-the-road-to-recovery","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-singapores-housing-market-on-the-road-to-recovery\/","title":{"rendered":"Is Singapore\u2019s housing market on the road to recovery?"},"content":{"rendered":"


\nRecent tweaks to the property cooling measures may be helping to stimulate market activity, say analysts.\u00a0
\nThe recovery in Singapore\u2019s residential property market appears to be gathering pace following a protracted downtrend, according to a CNBC report.
\nThe inflection point in prices is expected to come \u201cvery soon\u201d, said Cushman & Wakefield\u2019s Managing Director for Asia Pacific Research, Sigrid Zialcita, in CNBC\u2019s \u201cThe Rundown\u201d recently.
\nThis reversal was brought about by the government\u2019s relaxation of some of its property cooling measures, which improved market sentiment. \u201cWe\u2019ve seen an increase in foot traffic and it\u2019s incentivising a lot of buyers,\u201d she noted.
\nOther experts also believe that the reduction on the seller\u2019s stamp duty and the lower minimum holding period may be helping to stimulate market activity.
\nFor instance, PropertyGuru\u2019s CEO Hari Krishnan revealed that the number of property listings on its website increased two percent in Q1 2017 on an annual basis, followed by a 2.4 percent gain in March.
\n\u201cThese increases could be indicative of an uplift in seller sentiment,\u201d he said.
\nCitigroup analysts, in a recent note, also underscored the sudden \u201csentiment uplift\u201d after the government relaxed some of its property curbs. However, they feel that the \u201cexuberance\u201d might be exaggerated.
\nThey explained that it would be more logical for would-be buyers to wait for more significant policy easing, or for larger discounts from developers racing against the deadline to sell their residential units. However, Singapore buyers tend to jump back into the market at the first sign of easing, lest they lose the opportunity.
\nWhile it is \u201cimpossible\u201d to determine the actual effect of the policy easing, the analysts noted that one indication of better sentiment is the strong interest seen at the 429-unit Park Place Residences, which sold 50 percent of its units in just one day.
\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…Is Singapore\u2019s housing market on the road to recovery?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Recent tweaks to the property cooling measures may be helping to stimulate market activity, say...<\/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-51476","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-dog","jetpack-related-posts":[{"id":120473,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/low-interest-rates-pose-risks-to-property-market-warns-heng\/","url_meta":{"origin":51476,"position":0},"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":95567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-to-drop-by-up-to-10-following-new-curbs\/","url_meta":{"origin":51476,"position":1},"title":"Singapore home prices to drop by up to 10% following new curbs?","date":"August 7, 2018","format":false,"excerpt":"\r Local banks reckon home prices will fall following the latest round of cooling measures. Singapore banks expect home prices to fall along with home loan activity, following the introduction by the government of its latest round of property cooling measures. UOB chief Wee Ee Cheong revealed that his \u201cgut\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73059,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-property-debt-drops-amid-rise-in-real-rates\/","url_meta":{"origin":51476,"position":2},"title":"Singapore\u2019s property debt drops amid rise in real rates","date":"November 28, 2017","format":false,"excerpt":"\r Morgan Stanley believes the accumulation of debt due to property acquisitions in Singapore has eased thanks to higher real rates, reported Singapore Business Review. The firm noted that the trend in Singapore\u2019s debt-to-GDP largely mirrored that of China, in which negative real rates served as the primary driver in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-now-might-be-a-good-time-to-buy-residential-property-in-singapore\/","url_meta":{"origin":51476,"position":3},"title":"Why now might be a good time to buy residential property in Singapore","date":"January 13, 2016","format":false,"excerpt":"\r Further home-price drop could signal the end of cooling measures 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. Some real estate analysts, however, think the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/Singapore-property.jpg?fit=740%2C555&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":101572,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-q3-economic-growth-disappoints\/","url_meta":{"origin":51476,"position":4},"title":"Singapore Q3 economic growth disappoints","date":"November 23, 2018","format":false,"excerpt":"\r There are concerns that the recent property cooling measures could weigh down on the real estate and construction sectors. Singapore\u2019s gross domestic product (GDP) rose by 3.0 percent quarter-on-quarter on a seasonally-adjusted and annualised basis in Q3 2018, surpassing the previous quarter\u2019s increase of 1.0 percent, reported the Business\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-rationale-for-new-property-cooling-measures-says-redas\/","url_meta":{"origin":51476,"position":5},"title":"No rationale for new property cooling measures, says REDAS","date":"July 9, 2018","format":false,"excerpt":"\r The Real Estate Developers\u2019 Association of Singapore (REDAS) sees no rationale in imposing new property cooling measures considering that the Singapore property market is still in the \u201cearly stages of a recovery and the recovery is in line with economic fundamentals\u201d, reported Channel News Asia. 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