[ad_1]
Although the imposition by the Government of 5 additional points on the buyer's additional stamp duty for citizens and permanent residents of Singapore who purchase their second residential property could have adverse effects. 39, short-term drive to buy a residential property, I think the long-term prospects of the Singapore real estate market are still upbeat and promising (Experts surprised by the "severity" of the new property borders, on July 6, Redas says that & There is no basis for new cooling measures; kill a fly ": Two major reasons behind the blocking market euphoria: buyers take over 1,000 units on three projects in one night, all published on July 7.
In 2016, Singapore had about 217,300 millionaire residents.Thus, the demand for residential property and as will continue to be strong.
The new cooling measures of private properties will prevent the occurrence of a housing bubble and strictly follow our economic fundamentals.
Trump's policy of protectionism and its persistent trade war with China, the European Union and Canada will impact Singapore's exports to the United States and will then weaken economic performance and fundamentals. Singapore.
failed to successfully negotiate a win-win trade dispute resolution with China and the EU. This could further affect the economy of the United States and its trading partners.
In addition, Malaysia's economic outlook is still vague and unpredictable due to the recent change of government.
Investor confidence has not been tested yet. In this regard, some foreign investment and capital may temporarily flow from Malaysia to the Singapore real estate market.
Therefore, it is understandable that National Development Minister Lawrence Wong said the government was "very concerned that prices are ahead of economic fundamentals".
Teo Kueh Liang
[ad_2]
Source link
