22 Dec '16, 7am

Slow news day - #Singapore to reduce cooling measures according the @BusinessTimes - Yeah right #propertynews

Will the property cooling measures be eased in 2017? Hopes of seeing the government tweak the property cooling measures have been rekindled after the US Federal Reserve signalled a faster pace of interest rate hikes in 2017, reported The Business Times . Expecting stronger economic headwinds, some industry players believe that it is better to ease the measures now than try to revive the market when the economy is already in a dire state. However, it may be too early to unwind the policies now given that the cycle of Fed rate hikes has just started, and most central banks have taken a wait-and-see approach. Also, the private residential market does not seem to need any propping up as it registered more moderate price declines from the previous year, while witnessing a recovery in sales momentum. In the first 11 months of the year, developers sold 11,573 private residential ...

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

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