Singapore Property Developers Does Not Welcome New Cooling Measures.

Online, October 7, 2012 (Newswire.com) - Singapore property Developers Does Not Welcome New Cooling Measures.
SIngapore property developers hope Singapore government will not introduce new cooling measures on the property market.

There were increasing speculation of new cooling measures after US Federal Reserve embark on the a third round of quantitative easing (QE3) to jump start the economy and reduce unemployment rate. The implementation of QE3 has sparked talks of fresh influx of funds which will create asset inflation in the real estate sector. Over in Hong Kong, another round of cooling measure was implemented to counter the effects of QE3. This created even more concern over another round of cooling measures by the government.

Developers are concerned about the series of policy changes over the past few years, the ramping supply of land for housing which potentially may lead to oversupply by the government. Developers feel that the impact of QE3 will likely be limited to short term boost in buyer sentiment that will peter our before year end.

The biggest concern among developers today is their depleting landbank and thus the need to replenish them quickly. The market is still quite healthy now.

Over in the resale property market, resale prices of private homes in Singapore rose slightly in August. The buying sentiment is still healthy as buyers are still visiting show flats of new launches, and the spillover effects of buying interest has pushed the prices in resale market higher.

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