{"id":59338,"date":"2017-06-30T09:30:03","date_gmt":"2017-06-30T02:30:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-cooling-measures-remain-necessary-says-mas\/"},"modified":"2017-06-30T09:30:45","modified_gmt":"2017-06-30T02:30:45","slug":"property-cooling-measures-remain-necessary-says-mas","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-cooling-measures-remain-necessary-says-mas\/","title":{"rendered":"Property cooling measures remain necessary, says MAS"},"content":{"rendered":"


\n\u00a0
\nThe 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.
\nMAS managing director Ravi Menon revealed that private home prices dropped by almost 12 percent during the last 14 quarters after increasing by nearly 60 percent over 17 quarters.
\nBut with recent property launches registering good take-ups, he noted that transactions jumped by almost 40 percent in Q1 2017 from the average quarterly transactions since the Total Debt Servicing Ratio (TDSR) was rolled out in 2013.
\nAs such, he believes that \u201ceasing the measures now would send a wrong signal\u201d.
\n\u201cThe risk of a renewed unsustainable surge in property prices is not trivial,\u201d said Menon.
\nIn fact, the city-state must guard against a spillover of investor demand as the property markets within the region have been buoyant and their respective governments introduced cooling measures in recent months.
\nHe explained that calibrated adjustments made by the government in March \u201cdo not signal the start of an unwinding of the property cooling measures as some commentators have suggested\u201d.
\nNotably, the government shortened the holding period for the Sellers\u2019 Stamp Duty and reduced the rates following the significant decline in speculative flipping of properties. It also excluded mortgage equity withdrawal loans with loan-to-value ratios of 50 percent or less from the TDSR framework to provide homeowners greater flexibility in monetising their properties for retirement needs.
\nMAS\u2019 stance on the measures came as no surprise to analysts.
\n\u201cWith pressures coming from a rising interest-rates environment, the last thing the market needs is a knee jerk reaction to undermine all the efforts over the past few years to keep the residential market at an affordable level as well as in relatively financial health,\u201d said CBRE research head for Singapore and South-east Asia.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Property cooling measures remain necessary, says MAS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 The Monetary Authority of Singapore on Thursday (29 June) said the property 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-59338","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-fr4","jetpack-related-posts":[{"id":59236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-singapore-property-cooling-measures-remain-necessary\/","url_meta":{"origin":59338,"position":0},"title":"MAS: Singapore property cooling measures remain necessary","date":"June 29, 2017","format":false,"excerpt":"\r Singapore property cooling measures, which have dampened home sales and prices, remain necessary, the MAS said Thursday.\r \r Source : cnbc.com\r Read more...MAS: Singapore property cooling measures remain necessary","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38843,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hopes-of-tweaking-cooling-measures-revived\/","url_meta":{"origin":59338,"position":1},"title":"Hopes of tweaking cooling measures revived","date":"December 22, 2016","format":false,"excerpt":"\r Will the property cooling measures be eased in 2017?\u00a0 Hopes of seeing the government tweak the property cooling measures have been rekindled after the US Federal Reserve signalled a faster pace of interest rate hikes in 2017, reported The Business Times. Expecting stronger economic headwinds, some industry players believe\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99790,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-cooling-measures-decimated-en-bloc-sales-market\/","url_meta":{"origin":59338,"position":2},"title":"Property cooling measures decimated en bloc sales market","date":"October 11, 2018","format":false,"excerpt":"\r Two en bloc redevelopment sales worth $353 million were completed in the third quarter, way lower than the $3.8 billion registered during the previous quarter, data shows.\u00a0 Singapore\u2019s latest round of property cooling measures proved effective in cooling its red-hot collective sales market. In fact, only two en bloc\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-year-on-how-the-cooling-measures-came-and-shook-up-the-housing-market\/","url_meta":{"origin":59338,"position":3},"title":"One Year On: How The Cooling Measures Came And Shook Up The Housing Market","date":"July 4, 2019","format":false,"excerpt":"\r Today marks exactly one year since the Government dropped the surprise announcement that it was raising Additional Buyer\u2019s Stamp Duty (ABSD) rates and tightening Loan-To-Value (LTV) limits just after 7pm on July 5. The measures, which took effect the next day, came as a surprise, arriving just as property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/07\/higher-absd-rates.png?fit=851%2C617&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":20906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-easing-of-property-curbs-until-2017-say-experts\/","url_meta":{"origin":59338,"position":4},"title":"No easing of property curbs until 2017, say experts","date":"July 13, 2016","format":false,"excerpt":"\r Singapore home prices have been falling over the past 11 consecutive quarters, its longest losing streak. Although home prices may start bottoming out in the next few quarters, which could prompt a moderate recovery from 2018, easing of property cooling measures are not expected until next year at the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144273,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-property-deals-double-to-near-3-year-high-as-scrapping-of-cooling-measures-spurs-buying-demand\/","url_meta":{"origin":59338,"position":5},"title":"Hong Kong property deals double to near 3-year high as scrapping of cooling measures spurs buying demand","date":"May 3, 2024","format":false,"excerpt":"\r Hong Kong\u2019s property transactions came close to a three-year high in April, with 9,880 units changing hands according to official data, as the removal of cooling measures continued to boost demand.\r \r Source : South China Morning Post\r Read more...Hong Kong property deals double to near 3-year high as\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\/59338"}],"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=59338"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59338\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=59338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=59338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=59338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}