30 Jan '14, 8am

Property curbs likely to stay

Jan 30, 2014 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Despite witnessing a decline in sales volumes and property prices for six months, cooling measures, particularly loan curbs, are expected to stay for a while, said experts. They noted that there is not much hope the measures will be relaxed in next month's Budget considering prices in some segments and household debt remains high. The only concession would be a slight easing in stamp duties although others believe that certain measures ought to be rolled back. "Transactions have collapsed and property developers are stuck. Smaller developers of higher-end homes may even go bust if some of these measures are prolonged," noted Chua Hak Bin, Economist at Bank of America Merrill Lynch. "Reducing buyer stamp duties or exempting duties for prices above certain thresholds, say S$1 million, may help ease ...

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

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