Hello Mr Shankar,
With regards to the new government measures that were implemented, we must look at it from 2 different angles,
Firstly, was it expected?
Secondly, what was the intended outcome?
Let's look at the first point.
As with any news release, it can be anticipated, or something shocking. In this case, in contrast with the double stamp duty that was implemented earlier this year, that, was a mosqito bite. The measures that were released at the end of last month by contrast was a heart attack.
In the last few weeks, the market has literally frozen, as buyers and sellers alike are waiting for the statics to come out detailing what the measures have acomplished.
If the purpose of the measures was to cool the market, then the frozen environment that we find ourselves in is literally accomplished.
Point 2, the intended outcome.
The desired impact was primarily in the HDB market where the desired effect was to segregate demand between private and public housing. To this effect, we can expect significant down force on HDB prices. However, some of this will have spill over effects into the private housing sector due to the anti-speculative measures.
I take it that you are concerned on the impact on private property prices, to this, each property is different and its measured impact, similarly so, thus to further our conversation on this topic, do feel free to contact me to discuss more on this issue, there are also measures to adopt so safeguard the value of your property during this time as well.
Your Singapore Condo Specialist Team,
Mervin Tang
Senior Marketing Associates
Developer's Appointed Agency
Huttons Real Estate Group
Call Today:
(+65) 9184 0208
Website: http://www.sgcondospecialist.com
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