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Navigating choppy waters


The cooling measures relating to residential properties announced in July have caused many market participants to take a pause. The volume of private housing transactions is expected to ease while sellers are expected to be more measured with their price expectations. The en bloc sale gravy train has slowed. All these may not necessarily be a bad thing as some sanity returns to the market. As the various market participants take a step back, this creates space for them to make wiser decisions.

A calmer market creates new opportunities. Someone who has been looking to buy a home for their own occupation may find it easier to find one when there is less competition from investors.

That said, property investors can still make acquisitions - notwithstanding higher additional buyer's stamp duty and tighter loan-to-value limits. But they'll have to be more discerning, take time to gain a deeper understanding of the leasing market and study the profiles of tenants, for instance.

Anyone thinking of buying a property would also do well to be prepared for rising interest rates. In this edition of The Business Times Property Supplement, you can read about the pros and cons of the various types of housing loan packages.

Those who are young and not quite ready to buy a private home may find our feature on co-living, of interest. Find out why prices of executive condos - a public-private housing hybrid - are expected to remain high.

Meanwhile the HDB resale market, which has been languishing, is set to receive a boost on the back of recent announcements by the government. Who knows? An improvement in confidence in this segment could motivate some owners of HDB resale flats to upgrade and buy a private home.

Read about prospects for the Singapore office market and for shophouses. What are some of the latest tech strategies retailers are adopting?

We also offer some tips on investing in overseas properties and the outlook for London, Australia and Malaysia.

Property market players are not unfamiliar with cooling measures, having experienced multiple doses over the past decade. Most people in Singapore are still likely to favour buying property as a means of preserving if not enhancing their wealth in the long run.

While some uncertainty has entered the market following the latest cooling measures, you can still navigate through choppy waters and reach your destination.

Click here for more Property 2018 stories

Supplement editor: Kalpana Rashiwala Sub-editor: Chantal Sajan Cover design: Simon Ang Graphics: Ho Yan Hao, Teoh Yi-Chie Advertising sales: Stella Yeo 9799 9001, Glenda Khoo 9477 8101, Alexandria Tang 9823 3939, Sebastian Loh 9856 9076, Jamie Peh 9782 8828

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