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Wrong term is always a simple consolation for many that were stuck with wrong timing... just hope that there is enough stamina and time...

Property values 'unlikely to slide in longer term'

Published on Mar 08, 2014


By Cheryl Ong

PROPERTY values are unlikely to slide in the longer term, if the Government continues with stable, clear-sighted policies, Law Minister K. Shanmugam has said.

"(As) we move into a high-tech economy... we remain a safe centre for banking and financial services... where the Government does not move arbitrarily and acquire for no compensation. The Government doesn't chase people away," he said on Thursday.

"If we can keep our policies right, in the longer term, if Singapore was a stock, buy it. And that means property prices will go up," Mr Shanmugam said in response to questions that cooling measures such as the Additional Buyers' Stamp Duty would weigh down property values.

He was addressing about 1,700 property agents attending a ministerial dialogue organised by real estate firm PropNex at Kallang Theatre.

He also noted in a Facebook post yesterday that he was optimistic about Singapore's future, as the thriving Asean economic community "will offer exciting economic and trade opportunities for us as a regional service hub".

Headwinds in the property market, though, in part due to the cooling measures and Total Debt Servicing Ratio, do not mean buyers are unable to afford property, he added at the convention.

Instead, some buyers may be wary and are holding back because of fears of a correction in prices.

The Government's redevelopment plans for the Greater Southern Waterfront and Paya Lebar Airbase will also free up "prime superb-value land" and play a part in propping up property values, he said.

That means that the role of property agents will grow in importance, as property prices rise.

"You are talking about people having to commit millions of dollars, and I think a highly-trained professional who can help people get value for that... can have a tremendous amount of value," Mr Shanmugam said.

"I think a lot more advisory work, a lot more analytical-type work and services will have to be started and provided."

ocheryl@sph.com.sg
Well, there are certainly many things that we (as a country) must do right to keep the property prices going...

1. growing into high tech, knowledge based services
2. remain a safe center for banking and finance services
3. don't chase people away
4. acts sensibly
5. keep our policy rights
6. thriving ASEAN

Tall order, but we could at least try...

Many more good years ahead...

Heart Love Compassion


A Life not Reflected is a Life not Worth Living.
not really. If the TDSR stay, the firepower of buyers will be limited.
At 50% LTV and rising interest rates, property not so interesting. Esp if capital gains are limited.
Mr Thaman has stated that its not their intention to make a hard landing. The consolidation will prob hold prices (or slight dip) for a while before it goes higher again. So property investors will always make profit in the longer run. Those hoping for prices to crash will likely be disappointed.
Those who predicted 10% or more decline might have to "swallow" their words....hehe

(08-03-2014, 01:07 PM)Freenasi Wrote: [ -> ]Mr Thaman has stated that its not their intention to make a hard landing. The consolidation will prob hold prices (or slight dip) for a while before it goes higher again. So property investors will always make profit in the longer run. Those hoping for prices to crash will likely be disappointed.
So ABSD how?
(10-03-2014, 09:05 PM)Londonproperty Wrote: [ -> ]So ABSD how?

You are new to our forum. A post like the above is clueless, thus no one will respond to it. It will become a meaningless post.

Please make sure your post be meaningful, otherwise you might waste your time and our time.

Please take note

Regards
Moderator
So, when do you think Government will lift ABSD? When prices drop by 20% or more?
(09-03-2014, 09:51 AM)Curiousparty Wrote: [ -> ]Those who predicted 10% or more decline might have to "swallow" their words....hehe

(08-03-2014, 01:07 PM)Freenasi Wrote: [ -> ]Mr Thaman has stated that its not their intention to make a hard landing. The consolidation will prob hold prices (or slight dip) for a while before it goes higher again. So property investors will always make profit in the longer run. Those hoping for prices to crash will likely be disappointed.

It's all about market timing. Equity advocates will tell you the long term trend for equities is up. But you buy at the wrong time and you are stuck for years. I'm sure all are aware that the opportunity costs for leveraged vs un-leveraged positions are also magnified.

Stocks and properties will appreciate in the longer term. What distinguish the experts from the noobs is market timing and buying the right stock/property.
(10-03-2014, 09:14 PM)Londonproperty Wrote: [ -> ]So, when do you think Government will lift ABSD? When prices drop by 20% or more?

If the Government wants to have property come down some more, they may lift SSD before ABSD.
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