Further weakness seen in developer sentiment in Q3
Wilting of sentiment follows introduction of the TDSR framework in June
DEVELOPERS' sentiment appears to have weakened further in the third quarter, following the introduction of the Total Debt Servicing Ratio (TDSR) framework in June.
The Real Estate Sentiment Index, which reflects overall market sentiment through the Composite Sentiment Index, was 3.9 in the third quarter; this was down from 4.5 in the second quarter, which was itself lower than the 4.8 reading of the first quarter.
The Future Sentiment Index also fell to 3.9 from 4.4 in the second quarter.
In this index developed by the Real Estate Developers' Association of Singapore (Redas) and the National University of Singapore, a score under five is a flag for deteriorating market co…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases