22/07/2018
How is Singapore property market after the new cooling measures that is being implemented.
1 The Majority home buyers are not subjected to ABSD, as over 60% of the home buyers between 2013-2016 are not subjected to ABSD.
2.Many foreign investors are known to be high networth, the increase of ABSD is unlikely to cause these deep-pocketed investors to budge.
3.Developers are likely to delay the launches as they re-strategise after the new cooling measures implemented. While the developers may takes a longer time to sell, but very unlikely they will reduce prices, as they have already committed the land cost when they bought the land.
4.Base on research, while the numbers of home supply could rise sharply beyond 2022, it does not appear excessive if spread over a longer term.
5.Economic outlook remains positive, property prices are expected to stay resilient in spite of the latest policy measures.
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Cooling measures expected to create short-term volatility but long-term impact should be minimal