31 Mar '16, 9am

Government may still relax property curbs this year - Singapore #RealEstate

Consultants believe the government will tweak the measures if condo prices drop significantly. Experts still believe the government may ease its property cooling measures later this year or in early 2017, despite the lack of goodies announced for the property sector in Budget 2016, and the higher foreign worker levies in the construction sector, reported Singapore Business Review . “We expect the government to continue monitoring the residential market, and relaxation is likely only nearer end-2016,” said RHB Research in a report. The consultancy thinks authorities will likely tweak the property curbs if home prices drop by 12 to 15 percent from its peak. The government may also review the measures if developers can no longer bear the extension fees that they must pay for failing to dispose residential units within a stipulated period under the Qualifying Certificate (QC) ...

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

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