21 Feb '13, 4am

Cooling moves dampen developers' outlook

http://www.businesstimes.com.sg/prem...tlook-20130221 Published February 21, 2013 Cooling moves dampen developers' outlook Respondents expect moderately lower home prices: survey By Mindy Tan [SINGAPORE] Developers' market outlook turned pessimistic, following the introduction of the latest set of cooling measures in January, with more expecting moderately lower residential prices in the near term. According to the Redas-NUS Real Estate Sentiment Index (RESI), the Current Sentiment Index, where respondents rate real estate market conditions now compared with six months ago, fell from 5.1 for Q3 2012 to 4.6 for Q4 2012. The index ranges from 0 to 10, with a score below 5 indicating deteriorating market conditions and a score above 5 shows improving market conditions. The Future Sentiment Index, where respondents rate overall property market conditions over the next six mont...

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