22 Feb '17, 10am

Experts not surprised with government's stance on home curbs

The government’s decision to keep its residential property curbs came as no surprise to industry experts, reported The Straits Times. In a Bloomberg interview, National Development Minister Lawrence Wong revealed that Singapore’s home curbs will likely stay for some time since demand in the market “remains very resilient”. CapitaLand President and Chief Executive Lim Ming Yan even expects the curbs to remain in place for another year. “We see this trend continuing for 2017,” he said in a Bloomberg interview earlier in the month. Ku Swee Yong, Key Executive Officer at International Property Advisor, noted that the government is “probably reluctant to pull back on the curbs because there remain the risks that doing so will overheat the market again”. Tay Hong Beng, Head of Real Estate at KPMG in Singapore, added that the authorities may be concerned that “the existing econom...

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

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