Singapore Eases Property Curbs After Housing Prices Decline

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#17
(16-11-2017, 12:38 AM)evolance Wrote:
(14-11-2017, 09:41 PM)karlmarx Wrote: Lawrence Wong signalling to developers and buyers to be cautious, citing an increase in supply in the near term.

http://www.businesstimes.com.sg/real-est...rence-wong

I found the report a bit contraditing. I didnt do any research, but assuming that the land bank sale were consistent wif previous years, we can take this out of the equation. That leaves us wif fresh supply fr en-bloc.

How is it possible within 1 to 2 yrs this enbloc land can be turned to supply. In fact, i tot there shd b surge of demand due to owner occupied units affected by enbloc.

In the longer term, Unless all this enbloc land can produce much more units by shrinking size of ea appartment, the net gain in supply shdnt be too drastic

Attempt to prevent a bubble, or am i missing smt?

hi evolance,
Land bank sales, for a start, is already 38% higher in 2017 compared to 2016 (the source is in the article).

With the ABSD/QC charges, developers should be incentivised to launch their projects with minimal delay. There is a difference between supply and vacancy - supply is ready for sale (whether is it under development or completed) and vacancy is strictly on completed units only - so enbloc land can be turned to supply readily - maybe in ~1year time? A surge in immediate demand (enbloc-ed owners) has nothing to do with the future supply (increased units) - it may or may not be absorbed by the existing 8+% vacancy rates - but all these point towards at least a short term increase in prices is probably inevitable?
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RE: Singapore Eases Property Curbs After Housing Prices Decline - by weijian - 16-11-2017, 11:02 AM

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