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.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2505-0.0004-0.03%
    USDSGD=X
    1.7305+0.0023+0.13%
    EURSGD=X
    2.1051+0.0038+0.18%
    GBPSGD=X
    81.5402-0.1962-0.24%
    SGDJPY=X
    6.2008+0.002+0.03%
    SGDHKD=X
    2.59180.000.00%
    SGDMYR=X
    9,141.9434-1.0742-0.01%
    SGDIDR=X
    4.9726-0.0004-0.01%
    SGDCNY=X
    1.1723+0.0004+0.03%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,301.50-2.00-0.15%
    GCM14.CMX
    19.57-0.07-0.35%
    SIK14.CMX
    90.83-1.04-1.14%
    ^XAU
    3.04+0.01+0.41%
    HGK14.CMX
    104.01+0.25+0.24%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.65+0.04
    ^FVX
    2.64+0.01
    ^TNX
    3.45-0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.1170.0000.00%
    B22.SI
    0.49+0.030+6.52%
    5GJ.SI
    2.26+0.080+3.67%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.6050.0000.00%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.20+0.034+20.48%
    5WD.SI
    0.18+0.020+12.50%
    T16.SI
    0.215+0.015+7.50%
    5UE.SI
    0.68+0.035+5.43%
    5DP.SI
    0.18+0.008+4.65%
    5IF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.112-0.008-6.67%
    5RC.SI
    0.19-0.010-5.00%
    567.SI
    0.22-0.010-4.35%
    D6U.SI
    0.59-0.020-3.28%
    544.SI
    0.13-0.004-2.99%
    B32.SI