21 May '17, 4am

Is Singapore's housing market on the road to recovery? - PropertyGuru Singapore

Recent tweaks to the property cooling measures may be helping to stimulate market activity, say analysts. The recovery in Singapore’s residential property market appears to be gathering pace following a protracted downtrend, according to a CNBC report. The inflection point in prices is expected to come “very soon”, said Cushman & Wakefield’s Managing Director for Asia Pacific Research, Sigrid Zialcita, in CNBC’s “The Rundown” recently. This reversal was brought about by the government’s relaxation of some of its property cooling measures, which improved market sentiment. “We’ve seen an increase in foot traffic and it’s incentivising a lot of buyers,” she noted. Other experts also believe that the reduction on the seller’s stamp duty and the lower minimum holding period may be helping to stimulate market activity. For instance, PropertyGuru’s CEO Hari Krishnan revealed that...

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

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