Cooling measures 'dampened developers' sentiment'
Real Estate Sentiment Index indicates that sentiment fell sharply in the third quarter from the second, after the imposition of tougher ABSD rules in July
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Singapore
PROPERTY-cooling measures announced in July have dampened sentiment towards the Singapore property market, says the latest quarterly Real Estate Sentiment Index (RESI), which assesses perceptions and expectations of real estate development and market conditions in Singapore from the developers' standpoint.
The composite index, comprising a Current Sentiment Index and a Future Sentiment Index, fell sharply to 4.0 in the third quarter from 6.6 in the second quarter on the back of July's additional buyer's stamp duty (ABSD) measures.
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