China could be looking at fresh property cooling measures

As a response to still-rising home prices.

According to BBVA, rumors of new policy curbs in China’s property market circulated in social media sites today.

"Housing prices have recently rebounded under looser credit conditions and improving market sentiment. NBS monthly property data will be released on Friday; in the meantime, we estimate that average nation-wide prices have risen by a modest 1.0% since May 2012," BBVA said.

"If confirmed (which we think unlikely), new measures could include increases in down-payment requirements on second home purchases, (currently 60%) and/or increases in mortgage rates (currently not allowed to be set more than 110% below the benchmark lending rate). The last significant round of such tightening measures occurred in January 2011. In response to the rumors, the Shanghai property index fell by -4.6% today," it said further.



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
    1.2523-0.0003-0.03%
    USDSGD=X
    1.7303-0.00010.00%
    EURSGD=X
    2.1038+0.0004+0.02%
    GBPSGD=X
    81.8062+0.0388+0.05%
    SGDJPY=X
    6.1921+0.002+0.03%
    SGDHKD=X
    2.5855+0.0007+0.03%
    SGDMYR=X
    9,118.8623-1.4404-0.02%
    SGDIDR=X
    4.9704-0.0028-0.06%
    SGDCNY=X
    1.16910.000.00%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.00-7.90-0.61%
    GCQ14.CMX
    19.60+0.02+0.08%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.05+0.02+0.51%
    HGK14.CMX
    104.30+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.002-1.71%
    B22.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
    0.215+0.015+7.50%
    5UE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.103-0.010-8.85%
    5OS.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.215-0.015-6.52%
    F9M.SI
    0.29-0.020-6.45%
    5PC.SI