01 Aug '18, 1am

Private property prices expected to grow at slower pace after cooling measures

Following July’s new property cooling measures, industry analysts have revised their projection for this year’s private property market performance. Mi Casa . Picture: iProperty Growth of private residential property prices may be capped A cap in this year’s growth is expected as most buyers looking to invest in their second or subsequent property may be deterred by the higher Additional Buyer’s Stamp Duties (ABSD) and stricter loan limits. Analysts are now looking at 8% to 12% rise in private home prices this year. While they may hold back their investment plans, some buyers could still bite should developers dangle offers which are attractive enough. Properties with good value propositions such as a good location may still attract buyers. Buyers will be watching upcoming launches closely to see if developers offer slightly lower launch prices. However, developers who hav...

Full article: https://www.iproperty.com.sg/news/private-property-prices...

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