{"id":97016,"date":"2018-08-31T13:19:37","date_gmt":"2018-08-31T06:19:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-developers-think-that-private-condo-prices-will-fall\/"},"modified":"2018-08-31T14:02:50","modified_gmt":"2018-08-31T07:02:50","slug":"more-developers-think-that-private-condo-prices-will-fall","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-developers-think-that-private-condo-prices-will-fall\/","title":{"rendered":"More developers think that private condo prices will fall"},"content":{"rendered":"


\nThere was a reversal of market sentiment among Singapore home builders after the new property cooling measures were introduced on 6 July, reported the Business Times.
\nIn fact, the Real Estate Sentiment Index (RESI) compiled by the National University of Singapore (NUS) and the Real Estate Developers\u2019 Association of Singapore (REDAS) plunged from 6.6 in Q2 2018 to 3.9 after the new property cooling measures were introduced.
\nNotably, RESI denotes overall market sentiment. A score above 5.0 signifies improving market conditions, while a figure below that indicate worsening conditions.
\nMore: See our Step-by-Step Guide To Buying A Condo
\nRESI is made up of the Current Sentiment Index and Future Sentiment Index, which respectively fell from 6.7 to 3.9 and 6.4 to 4.0. The latter gauges developers\u2019 perception of market conditions in the last six months, while the other assesses their outlook over the next six months.
\nDespite after the imposition of the new curbs, 65 percent of respondents still expect more new launches, but this is down from 87.9 percent during the second quarter.
\nHowever, the majority now believes that prices of new private condos are unlikely to increase, with only 13.5 percent of developers expecting a hike in prices compared to 81.8 percent who held this sentiment in Q2 2018.
\nMore: Estimate your maximum property affordability with our Affordability Calculator
\nFurthermore, just 3.0 percent of respondents thought that prices of new private condos will fall in the second quarter, but after the new property curbs took effect, 48.6 percent now believe that prices will decline.
\nEugenia Rosaline Shlaen edited this story. To contact her about this or other stories, email eugenia@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…More developers think that private condo prices will fall<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There was a reversal of market sentiment among Singapore home builders after the new property...<\/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-97016","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-peM","jetpack-related-posts":[{"id":103146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-developers-remain-pessimistic-about-the-property-market\/","url_meta":{"origin":97016,"position":0},"title":"Singapore developers remain pessimistic about the property market","date":"January 21, 2019","format":false,"excerpt":"\r Developers remain cautious amid weakening market conditions expected in 2019. Singapore developers remain pessimistic over the state of the property market, even as the Real Estate Sentiment Index (RESI) posted a marginal uptick during the fourth quarter of 2018. Jointly developed by the Real Estate Developers\u2019 Association of Singapore\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-more-upbeat-but-worry-over-possible-curbs\/","url_meta":{"origin":97016,"position":1},"title":"Developers more upbeat but worry over possible curbs","date":"October 26, 2017","format":false,"excerpt":"\r Home builders here have become more bullish, but they fear that the improving market conditions would result in more property curbs from the authorities, reported the Straits Times. In fact, the Real Estate Sentiment Index (RESI) show that property developers\u2019 general sentiment has improved. They also have better views\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100382,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentiment-among-property-developers-down-on-july-cooling-measures\/","url_meta":{"origin":97016,"position":2},"title":"Sentiment among property developers down on July cooling measures","date":"October 23, 2018","format":false,"excerpt":"\r The latest round of cooling measures were described as unexpected and surprising, as well as extremely disruptive. Property cooling measures announced in July have dampened sentiment in the property market, with the Real Estate Sentiment Index (RESI) falling sharply to 4.0 in Q3 from 6.6 in Q2, reported the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86320,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sentiment-hits-record-high-in-q1-2018\/","url_meta":{"origin":97016,"position":3},"title":"Developer sentiment hits record high in Q1 2018","date":"April 24, 2018","format":false,"excerpt":"\r Many developers expect property prices to increase by 5.0 to 8.0 percent for the whole of 2018. Singapore developers have become more upbeat about the state of the property market, with the Real Estate Sentiment Index (RESI) hitting a record high since the index was launched in Q1 2010.\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":97016,"position":4},"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":[]},{"id":20908,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/weak-sentiment-continues-to-hurt-spore-property-market\/","url_meta":{"origin":97016,"position":5},"title":"Weak sentiment continues to hurt S\u2019pore property market","date":"July 13, 2016","format":false,"excerpt":"\r Aerial view of high-rise apartment buildings in Singapore. Real Estate Developers\u2019 Association of Singapore (Redas) President Augustine Tan believes weak market sentiment continues to weigh down on Singapore\u2019s property market, reported The Straits Times. He noted that since the government rolled out a slew of property cooling measures from\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\/97016"}],"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=97016"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97016\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=97016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=97016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=97016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}