Singapore Property Outlook 2014

Singapore Property Outlook 2014 Quick Recap of 2013 Market ABSD LTV TDSR Additional Buyer's Stamp Duty Loan-To-Value Ratio Total Debt Servicing Ratio Singaporeans 1st Home 0% 2nd Home 7% 3rd Home 10% Existing loans (car, credit cards) taken into consideration when banks provide loans to an individual 2nd house: lowered to 50% or 30% if loan tenure exceeds 30 years or beyond 65yrs old PRS 1st Home 5% 2nd Home 10% 3rd Home 10% 3rd or subsequent house: 40% or 20% if loan exceeds 30 years or beyond 65yrs old Loans granted not to exceed a TDSR threshold of 60% Foreigners 15% Predictions and Hotspots Private Property HDB Market will be driven by genuine buyers and investors who do not mind the ABSD More 2-room BTO 8 studio apartments to be rolled out for singles and senior citizens It's a Buyers Market – Start your property hunt! 3-room flats & larger flats will be reduced Resale market: Low and Zero COVS are normal Sellers to ask realistic prices and expect low ball offers Hot areas like Bishan, Queenstown, Redhill and Tanjong Pagar can still command high COVs but unlikely more than $50,000 PPI will drop between 5 to 10 percent as impact from TDSR and cooling measures are still felt Developer Resale market: Buying activity driven by condos in suburb Luxury markets will be a tough sell in view of TDSR and will see low transactions Developers likely to offer incentives to entice buyers in view of softening market New launches buying activity dominant in RCR 90%ts loan from HDB for BTO Flat Applicants Hotspots Research has shown that 80% Of Singaporeans lives in HDB Jurong Punggol Woodlands Tanjong Pagar is the next property hotspots in Singapore. For a detailed report: bit.ly/KAC2014 Copyright2014 Khalil Adis Consultancy | afoliobylisa