16 Dec '13, 6am

Property market more subdued in 2014?

With the government unlikely to roll out any new policies in 2014, next year is expected to be more subdued than 2013 which saw various property cooling measures, stated media reports quoting analysts. However, they are not ruling out the possibility of the government revising some of the existing measures. “Policy changes, if any, may most likely be of the ‘unwinding’ kind - that is, rolling back earlier policies,” noted Chua Yang Liang, Head of Research South East Asia at Jones Lang LaSalle. “The timing will depend very much on the pace of economic growth and the response from the property market during the period. We reckon a healthy long-term growth rate of one-two percent a quarter on the Property Price Index is what the state is comfortable with.” Chia Siew Chuin, Director of Research and Advisory at Colliers International, believes that this year's most significant ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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