{"id":97200,"date":"2018-09-04T10:23:50","date_gmt":"2018-09-04T03:23:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-that-acquired-expensive-land-to-feel-brunt-of-new-property-curbs\/"},"modified":"2018-09-04T11:02:57","modified_gmt":"2018-09-04T04:02:57","slug":"developers-that-acquired-expensive-land-to-feel-brunt-of-new-property-curbs","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-that-acquired-expensive-land-to-feel-brunt-of-new-property-curbs\/","title":{"rendered":"Developers that acquired expensive land to feel brunt of new property curbs"},"content":{"rendered":"


\nExperts revealed that real estate developers that bought pricey land in Singapore\u2019s prime districts during the most recent en bloc cycle prior to the implementation of the new property curbs are the most at risk from the fresh cooling measures, reported the Business Times.
\nThe city-state\u2019s prime areas are traditionally Districts 9, 10 and 11, which covers Orchard, Tanglin, Holland and River Valley.
\nMore: Development charge for condo up by 33%
\n\u201cThe tightening of loan-to-value (LTV) and increase in Additional Buyer\u2019s Stamp Duty (ABSD) have raised the barrier of entry for property buyers and developers now face the risk of slowing sales,\u201d said Smartkarma insight provider Royston Foo.
\nMoreover, the stock prices of Singapore-listed property developers have fallen, with the FTSE ST Real Estate Holding and Development Index falling to its lowest this year at 779.25 a day after the new cooling measures were announced. Although it has rebounded to 811.46 as of 31 Aug, the index is still lower than its year-to-date peak of 931.71.
\n\u201cWe acknowledge that valuations (of developers) are undemanding, as it is trading at a blended forward price-to-book ratio of 0.57x, which is 1.5 standard deviations below its 10-year mean of 0.78x\u201d, said Andy Wong Teck Ching, an analyst with OCBC Investment Research.
\nDespite the lower stock prices, market watchers aren\u2019t advising investors to buy such stocks, unless the subject company has diversified away from the city-state or had not acquired land at expensive prices in the latest en bloc cycle.
\n\u201cWe believe CapitaLand and Ho Bee\u201d fall under this category of developers that could pique the interest of investors, said RHB Research property analyst Vijay Natarajan.
\nFor Smartkarma analyst Foo, he cites Sing Holdings as one of his top choices.
\nMore:\u00a0Savills still upbeat over condo\u00a0prices.
\n\u201cSing Holdings\u2019 recent new launch Parc Botannia was a success.\u201d In fact, the 735-unit condominium at Fernvale Street in District 28 is currently 60 percent taken-up.
\n\u201cIt also did not acquire any land bank during the collective sale cycle, and cooling land prices could provide opportunity for the company to replenish its land bank at reasonable prices.\u201d
\nFurthermore, due to the new cooling measures, the en bloc market has slowed down and private condos in Singapore are expected to see modest price growth, added RHB\u2019s Natarajan.
\n\u00a0
\nLooking to purchase a new home? Read our\u00a0in-depth reviews\u00a0of all new launches or check out our\u00a0buy\/rent guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Developers that acquired expensive land to feel brunt of new property curbs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Experts revealed that real estate developers that bought pricey land in Singapore\u2019s prime districts during...<\/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-97200","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-phK","jetpack-related-posts":[{"id":70074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-more-upbeat-but-worry-over-possible-curbs\/","url_meta":{"origin":97200,"position":0},"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":28355,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-house-prices-fall-by-most-in-seven-years\/","url_meta":{"origin":97200,"position":1},"title":"Singapore house prices fall by most in seven years","date":"October 3, 2016","format":false,"excerpt":"\r Singapore home prices have dropped by the most in more than seven years as developers offered discounts amid signals from the government that it will not roll back property curbs initiated in 2009.An index tracking private residential prices fell 1.5 per cent in the three months ended September 30\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112959,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-years-needed-to-clear-property-supply-glut-experts\/","url_meta":{"origin":97200,"position":2},"title":"4 years needed to clear property supply glut: Experts","date":"December 9, 2019","format":false,"excerpt":"\r The current property glut issue in Singapore could take around four years to be eliminated, property experts told Bloomberg. The overhang could also\u00a0exert a downward pressure on property prices in the midst of an uncertain economic outlook.\u00a0 The Urban Redevelopment Authority (URA) revealed an overhang of 31,948 units as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68558,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developers-silent-as-prime-central-site-tender-deadline-passes\/","url_meta":{"origin":97200,"position":3},"title":"Mainland developers silent as prime Central site tender deadline passes","date":"October 9, 2017","format":false,"excerpt":"\r Mainland Chinese companies were notably absent as the tender deadline closed for a costly commercial site in Central on Monday, while at least nine Hong Kong developers submitted bids. Renown for aggressive deal making in recent times, mainland developers have been staying away from the city\u2019s real estate market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114393,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-plans-to-ease-property-curbs-deputy-pm\/","url_meta":{"origin":97200,"position":4},"title":"No plans to ease property curbs: Deputy PM","date":"February 20, 2020","format":false,"excerpt":"\r His statement comes after developers made renewed calls to loosen a measure penalising them for their failure to complete and sell new projects in five years.\u00a0 Singapore\u2019s Deputy Prime Minister and Finance Minister Heng Swee Keat revealed that the government has no plans to ease the property cooling measures.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93895,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-may-slash-prices-up-to-10-amid-new-curbs\/","url_meta":{"origin":97200,"position":5},"title":"Developers may slash prices up to 10% amid new curbs","date":"July 16, 2018","format":false,"excerpt":"\r Based on their response on the government\u2019s new property cooling measures, developers are expected to cut prices of new launches by up to 10 percent, with prices for high-end homes likely to witness bigger adjustments, reported The Business Times. In fact, some analysts have already priced in a five\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\/97200"}],"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=97200"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97200\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=97200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=97200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=97200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}