Bookmark & Share
Several investment experts noted that Singapore’s property cooling measures could deter investors from residential property, turning them instead to stocks, according to The Straits Times.
DBS Group Research said that the latest property measure, which imposes an additional 10 percent stamp duty on foreigners buying private homes, could affect demand and investment strategies.
“Owner-occupier buyers are likely to hold back in anticipation of a dip in prices,” said the research house, which expects home prices to retrace by five percent this year.
Potential buyers are already adopting a wait-and-see attitude, suggesting that they may place their cash into stocks instead.
“Most people who have held back buying properties could invest in the stock market. There are lots of funds swirling around from one asset class into another,” said Colin Tan, Head of Research and Consultancy at Chesterton Suntec International.
Related Stories:
Private home prices to slide this year, says PropNex
Record 45000 leases inked in 2011
Q4 home price growth slows further
Search Property News
Browse News By Category
January 2012 Property News
- More shops springing up at HDB void decks
- Small apartments record 11.8% price jump
- More shops springing up at HDB void decks
- HK office market on downward trend: report
- HK office market on downward trend: report
- 2 collective sale sites off Balestier Rd up for tender
- European commercial markets losing ground
- Lower COVs signify weaker HDB resale market
- European commercial markets losing ground
- S'pore-based architect is master planner for Qatar project
Reader Comments: (2 comments)
http://property.st701.com/resources/index.php?c=article&aid=40468&title=Stocks-v-property
Put money into stocks instead of property? Isn't it safer to put money in property?