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Budget 2015: What you need to know right now
BUDGET 2015 COVERAGE
Budget 2015: What you need to know right now

Income taxes will be hiked to shoulder massive investments.
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NEWS
COMMERCIAL PROPERTY | Staff Reporter, Singapore
Published: 03 Apr 13
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Brace yourselves for stiffer housing demand measures in Singapore

Property market is in ''wrong part of cycle''.

According to CIMB, in SG, physical prices and transaction volumes are now at historic highs. Physical completions in both the private and HDB segments are also expected to rise significantly in 2013-2015. 

The government has recently introduced “Round Seven” of property curbs to cap LTV ratios and increase the Additional Buyers Stamp Duty (ABSD) payable by foreigners and locals buying a second property or more.

Here's more from CIMB:

Finance Minister Tharman Shanmugaratnam was recently quoted in saying that the “Singapore's property is now in a wrong part of the cycle” and that “some correction in prices will not be out of order”.

We believe more will be done to further restrict housing demand in SG.



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Tags: stiffer housing demand measures, LTV ratios, wrong part of cycle

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