Home owners will only have to wait three years before selling their properties to avoid paying seller’s stamp duties (SSD), down from four years currently, under several adjustments made to property cooling measures. With effect from Saturday (Mar 11), those who sell their properties within three years will also pay less in SSD, according to a joint press release by the Ministry of Finance, Ministry...
The latest property market data for Q4 2016 shows 13 straight quarters of decline. From the peak in Q3 2013, prices have fallen over 11 per cent (down 3 per cent in 2016 and 3.7 per cent for 2015). Some property industry insiders and analysts are now calling for the government to relax the cooling measures. But it is important not to look at these measures as purely "property cooling" but to view...
THOSE hoping for any lifting of property cooling measures may be in for a non-event if the projection of market experts rings true. This is because most industry watchers expect the government to let market forces play out before intervening. Also, tax consultants are not expecting major revisions to other property taxes, though some hope that the government will see it fit to re-introduce tax remission...
It is "too early" for the Government to consider lifting the property cooling measures currently in place, as it looks to make sure the gains "painstakingly made" are entrenched, said Mr Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), on Monday (Jul 25). Speaking at the central bank's annual report briefing, Mr Menon said it is also to make sure the local property market...
THE property cooling measures will remain, the Monetary Authority of Singapore (MAS) said on Monday, noting risks of a renewed surge in property prices in this lower-for-longer-rates environment that keeps investors on the hunt for yield. At a press briefing, MAS managing director Ravi Menon said property prices have adjusted "only modestly" after a run-up that was stronger than that of income...
THE property cooling measures are unlikely to be unwound this year, with interest rates expected to stay low for a longer time amid greater uncertainties after the "Brexit" vote. It would seem then, that a relaxation of the policy could come only in 2017 at the earliest, said speakers at a property market seminar organised by the Real Estate Developers' Association of Singapore (Redas) on...
It is “too early to declare victory” and unwind the property cooling measures currently in place, said Minister for National Development Lawrence Wong in the Committtee of Supply debate in Parliament on Monday (Apr 11). Responding to MPs who had called for the cooling measures to be lifted, Mr Wong explained that while the measures “have been effective in stabilising the property market”,...
Any move made by the Government to tamper with the property cooling measures now could fuel speculation that further easing is on the way, and threatens to undo any price moderation the market has achieved so far by bringing back potential buyers who have been fishing for the bottom. In addition, increasing debt levels during today’s slower growth environment may have harmful consequences on the...
Joining a chorus of calls for property cooling measures to be relaxed, real estate agency PropNex on Wednesday (March 9) put up its case for some of the curbs to be tweaked, including cutting Additional Buyer’s Stamp Duty (ABSD) for all groups of buyers. The move follows earlier calls from property developers amid falling prices and sales, although the Government has repeatedly said it is not time...
It is "too early" to relax the property market cooling measures, as doing so could result in a market rebound, Mr Lawrence Wong said in Parliament on Monday (Feb 29). The National Development Minister was responding to a question from Holland Bukit-Timah GRC MP Christopher de Souza, who asked if the Government would consider removing the Additional Buyers Stamp Duty (ABSD) for Singaporeans but retaining...
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