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PR Newswire
16-06-2015, 04:10 PM
To add-on one more speculation, from UOB Kay Hian 
Property easing measures possible as election looms
SINGAPORE (June 16): Following another month of declining home sales, the raft of cooling measures weighing on Singapore’s property market is poised for relaxation, as the government does not wish to risk inflicting pain on a nation of more than 90% home owners, says UOB Kay Hian.
A key catalyst is a likely general election that will be called before end of the year, which, in turn, is timed to ride on the residual feel good factor right after the nation’s 50th birthday celebration this August.
“We believe the newly elected government could look into demand-side policy easing towards the middle of next year after a 10-15% correction in property prices,” state UOB KayHian analysts Vikrant Pandey and Derek Chang in a June 16 note.
“Singapore has among the world’s highest home ownership rates at over 90% and a drastic correction may result in alienating its voter base,” they add. If and when easing takes place, the first to go will likely be the “onerous” buyers and sellers stamp duties, they state.
...
http://www.theedgemarkets.com/sg/article...tion-looms
Property easing measures possible as election looms
SINGAPORE (June 16): Following another month of declining home sales, the raft of cooling measures weighing on Singapore’s property market is poised for relaxation, as the government does not wish to risk inflicting pain on a nation of more than 90% home owners, says UOB Kay Hian.
A key catalyst is a likely general election that will be called before end of the year, which, in turn, is timed to ride on the residual feel good factor right after the nation’s 50th birthday celebration this August.
“We believe the newly elected government could look into demand-side policy easing towards the middle of next year after a 10-15% correction in property prices,” state UOB KayHian analysts Vikrant Pandey and Derek Chang in a June 16 note.
“Singapore has among the world’s highest home ownership rates at over 90% and a drastic correction may result in alienating its voter base,” they add. If and when easing takes place, the first to go will likely be the “onerous” buyers and sellers stamp duties, they state.
...
http://www.theedgemarkets.com/sg/article...tion-looms
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