{"id":93893,"date":"2018-07-16T11:01:45","date_gmt":"2018-07-16T04:01:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-market-to-benefit-from-new-cooling-measures\/"},"modified":"2018-07-16T11:03:35","modified_gmt":"2018-07-16T04:03:35","slug":"hdb-market-to-benefit-from-new-cooling-measures","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-market-to-benefit-from-new-cooling-measures\/","title":{"rendered":"HDB market to benefit from new cooling measures"},"content":{"rendered":"


\nWhile the government\u2019s latest round of property cooling measures may prove to be a bane for en bloc sale aspirants, some developers and home loan providers, some analysts expect the new curbs to benefit the HDB market in the near-term, reported Singapore Business Review.
\nLarger HDB units may witness continued demand from displaced en bloc owners looking for spacious, affordable accommodation while waiting for a replacement home, said OrangeTee & Tie research and consultancy head Christine Sun.
\nHowever, the new cooling measures will unlikely have a major impact on the HDB rental market, which is expected to experience continued weakness in terms of prices and demand.
\nIt was previously reported that around 1,735 HDB flats were rented in June, down 15 percent from the 1,841 units rented in May. Rents are also down across all HDB types, except for 5 room HDB flats, which registered a 0.1 percent hike in rent.
\n\u201cSome may lease slightly longer since the replacement cost of buying a new home is now higher under the new cooling measures, especially for those who own multiple properties,\u201d added Sun.
\nMeanwhile, Withers KhattarWong partner Kenneth Szeto agreed with Sun, saying that buyers eyeing entry-level private properties may consider buying HDB properties instead since such properties are not affected by the government\u2019s latest housing curbs and loan restrictions.
\nSzeto underscored that the new housing loan limits will affect even first time buyers as they would have to fork out an additional five percent cash down payment for their home purchases.
\n\u201cThis is expected to rein in buyers\u2019 demand for both new launch properties as well as resale properties, just as the asking prices in the market are starting to gather momentum after four consecutive years of flat-lining or decline,\u201d he said.
\n\u00a0
\nSenior Content Producer, Christopher Chitty, edited this story
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB market to benefit from new cooling measures<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While the government\u2019s latest round of property cooling measures may prove to be a bane...<\/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-93893","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-oqp","jetpack-related-posts":[{"id":95053,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-rise-for-the-first-time-in-nine-quarters\/","url_meta":{"origin":93893,"position":0},"title":"HDB resale prices rise for the first time in nine quarters","date":"July 30, 2018","format":false,"excerpt":"\r The latest round of property curbs is expected to make buyers turn to the HDB resale market, where properties are cheaper. Prices of resale Housing Board flats climbed 0.1 percent in the second quarter of 2018 \u2013 its first increase after nine quarters of decline \u2013 hinting that HDB\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105685,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-down-in-q1\/","url_meta":{"origin":93893,"position":1},"title":"Singapore home prices down in Q1","date":"April 2, 2019","format":false,"excerpt":"\r The drop in private home prices wasn\u2019t surprising considering the weaker market sentiment following the introduction of new cooling measures last year, said analysts. Private home prices fell for the second straight quarter, dropping 0.6 percent in the first quarter of 2019 from the previous three-month period, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96391,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/response-to-vers-to-depend-on-govts-offered-price-for-hdb-flats\/","url_meta":{"origin":93893,"position":2},"title":"Response to VERS to depend on govt\u2019s offered price for HDB flats","date":"August 21, 2018","format":false,"excerpt":"\r The response of HDB homeowners to the newly announced Voluntary Early Redevelopment Scheme (VERS) will hinge on its particulars, property experts told TODAYonline. \u201cIt boils down to how (it) will be implemented, and how much flat owners will be compensated\u201d noted ZACD Group executive director Nicholas Mak. \u201cWhat is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93533,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/people-to-buy-hdb-resale-flats-instead-due-to-new-curbs\/","url_meta":{"origin":93893,"position":3},"title":"People to buy HDB resale flats instead due to new curbs","date":"July 10, 2018","format":false,"excerpt":"\r Experts revealed that the government\u2019s surprise implementation of new cooling measures on the private residential market last week is expected to prompt some people to buy HDB resale flats instead, but the number is unlikely to be significant, reported Channel NewsAsia. \u201cIt is only beneficial to people who probably\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124571,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hike-in-hdb-resale-prices-to-be-slower-new-private-home-sales-remain-steady-in-january-despite-cooling-measures-and-more\/","url_meta":{"origin":93893,"position":4},"title":"Hike in HDB resale prices to be slower, New private home sales remain steady in January despite cooling measures and more","date":"February 14, 2022","format":false,"excerpt":"\r 8th February to 14th February 2022 HDB resale prices are expected to increase at a slower pace this year as a record number of flats reach their\u00a0Minimum Occupation Period (MOP). Singapore saw new private home sales held steady in January despite the latest cooling measures. 1) Hike in HDB\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/02\/singapore-hdb-landscape-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":130663,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-may-waive-wait-out-period-for-some-private-property-owners-cdl-opens-copen-grand-ec-for-preview-and-more\/","url_meta":{"origin":93893,"position":5},"title":"HDB may waive wait-out period for some private property owners, CDL opens Copen Grand EC for preview, and more","date":"October 10, 2022","format":false,"excerpt":"\r HDB may waive wait-out period for some private property owners, CDL opens Copen Grand EC for preview, and more4th\u00a0October to 10th\u00a0October 2022 Private property owners who can show that they obtained an Option to Purchase (OTP)\u00a0for a resale Housing and Development Board (HDB) flat before the cooling measures kicked\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/10\/private-home-singapore.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\/93893"}],"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=93893"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/93893\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=93893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=93893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=93893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}