{"id":75751,"date":"2018-01-04T09:55:10","date_gmt":"2018-01-04T02:55:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cooling-measures-a-retardant-to-property-markets-recovery\/"},"modified":"2018-01-04T10:04:37","modified_gmt":"2018-01-04T03:04:37","slug":"cooling-measures-a-retardant-to-property-markets-recovery","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cooling-measures-a-retardant-to-property-markets-recovery\/","title":{"rendered":"Cooling measures a \u201cretardant\u201d to property market\u2019s recovery"},"content":{"rendered":"


\nWith the property market expected to finally make its long-awaited recovery, some analysts see the government\u2019s cooling measures as a \u201cretardant\u201d to the market\u2019s momentum of recovery.
\nOng Teck Hui, national director of research and consultancy at JLL, likened the measures to \u201can iron ball shackled to the foot of the prisoner that will prevent him from running too fast\u201d, reported The Straits Times.
\nNotably, a series of cooling measures saw private home prices drop 11.6 percent over 15 quarters after Q3 2013.
\nThe decline was broken in Q3 2017 when prices climbed 0.7 percent, while URA flash estimates for the fourth quarter showed a similar increase.
\nOverall, prices rose one percent in 2017, in contrast to the 3.1 percent fall posted in 2016.
\nMarket watchers expect prices to continue to move up this year, with some forecasting an increase of three percent while others are more optimistic with a 15 percent hike forecast.
\nBut with the cooling measures unlikely to be relaxed, prices are unlikely to spike the way it did between mid-2009 and mid-2010 when prices surged 38.2 percent, said Ong.
\nIn fact, the recovery may falter once the government decides to intervene to rein in prices or if there are economic or external shocks.
\nMarket watchers, however, believe this is unlikely to happen in 2018.
\nSavills Singapore senior director Alan Cheong said the length of private property price uptrends in Singapore historically averages 17.6 quarters.
\n\u201cIf this forms the base case for this new cycle, we still have a few years to go before the price upswing is exhausted,\u201d he said.
\n\u201cIf we see a price increase of about five percent, the upcycle will have some legs past 2020. But if prices spike 17 percent a year, the upcycle will probably taper off by 2019.\u201d
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Cooling measures a \u201cretardant\u201d to property market\u2019s recovery<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With the property market expected to finally make its long-awaited recovery, some analysts see the...<\/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-75751","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-jHN","jetpack-related-posts":[{"id":38843,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hopes-of-tweaking-cooling-measures-revived\/","url_meta":{"origin":75751,"position":0},"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":20906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-easing-of-property-curbs-until-2017-say-experts\/","url_meta":{"origin":75751,"position":1},"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":99790,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-cooling-measures-decimated-en-bloc-sales-market\/","url_meta":{"origin":75751,"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":100646,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-prices-rise-at-a-much-slower-pace-in-q3\/","url_meta":{"origin":75751,"position":3},"title":"Private home prices rise at a much slower pace in Q3","date":"October 29, 2018","format":false,"excerpt":"\r The URA\u2019s price index rose 0.5% in Q3, compared with the 3.4% increase in the quarter before. Private residential property prices grew at a much slower pace in the third quarter of 2018 as the government\u2019s latest round of property cooling measures in July took their toll. The Urban\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-home-prices-see-marginal-rise-in-q3\/","url_meta":{"origin":75751,"position":4},"title":"Luxury home prices see marginal rise in Q3","date":"November 3, 2016","format":false,"excerpt":"\r Luxury homes here have seen only minimal price growth in the last quarter. Singapore\u2019s luxury home prices grew by only 0.5 percent quarter-on-quarter in Q3 2016, according to a JLL report. The city-state joins 17 other cities tracked by JLL, which saw their rate of price growth decline from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120284,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-expect-government-to-introduce-property-cooling-measures\/","url_meta":{"origin":75751,"position":5},"title":"More expect government to introduce property cooling measures","date":"February 10, 2021","format":false,"excerpt":"\r More expect government to introduce property cooling measuresThe quarterly survey polled around 40 to 50 senior executives in the real estate sector. The\u00a0possible risk of the government stepping in to cool the market jumped from 19.2%\u00a0in Q3 2020 to\u00a044.7% in Q4 2020. The latest Real Estate Sentiment Index showed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/Singapore-slips-in-ranks-of-real-estate-investment-favourites-e1479969177648.original.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75751"}],"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=75751"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75751\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=75751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=75751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=75751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}