{"id":4574,"date":"2016-02-22T04:08:36","date_gmt":"2016-02-21T20:08:36","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=4574"},"modified":"2022-07-01T04:00:22","modified_gmt":"2022-06-30T20:00:22","slug":"singapore-developers-renew-calls-for-lifting-the-property-curbs","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/singapore-developers-renew-calls-for-lifting-the-property-curbs\/","title":{"rendered":"Singapore developers renew calls for lifting the property curbs"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2016\/02\/Fotolia_63612103_Subscription_Monthly_M-e1456109667213.jpg\" target=\"_blank\" rel=\"attachment wp-att-4576 noopener\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"aligncenter size-large wp-image-4576\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2016\/02\/Fotolia_63612103_Subscription_Monthly_M-1024x683.jpg\" alt=\"property curbs\" width=\"940\" height=\"627\" \/><\/a><\/p>\n<p><i><span style=\"font-weight: 400;\">As inventory of unsold homes increases, property developers are urging the government to roll back the cooling measures.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">The property market is reeling from oversupply, rising vacancy rates, weak demand and increasing interest rates, Real Estate Developers\u2019 Association of Singapore (REDAS) President Augustine Tan told <\/span><a href=\"http:\/\/www.channelnewsasia.com\/news\/singapore\/faced-with-s-100m-bill\/2529018.html\"><span style=\"font-weight: 400;\">Channel News Asia<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With developers facing potential charges for unsold private residential units that could amount to S$100 million, REDAS renewed its call for the Government to review the property cooling measures such as the Additional Buyer\u2019s Stamp Duty (ABSD) and Qualifying Certificate (QC).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mr. Tan, noted that as at the end of last year, there is a supply of more than 60,000 units in the pipeline and a record 26,500 vacant units. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recently, CapitaLand CEO Lim Ming Yan had also told Reuters Singapore&#8217;s residential property market will stay challenging as cooling measures bite into demand. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read <\/span><a href=\"http:\/\/www.reuters.com\/article\/capitaland-results-idUSL3N15W2TN\"><span style=\"font-weight: 400;\">Reuters<\/span><\/a><span style=\"font-weight: 400;\"> news report here for more.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As inventory of unsold homes increases, property developers are urging the government to roll back the cooling measures. The property market is reeling from oversupply, rising vacancy rates, weak demand and increasing interest rates, Real Estate Developers\u2019 Association of Singapore (REDAS) President Augustine Tan told Channel News Asia. With developers facing potential charges for unsold&hellip;<\/p>\n","protected":false},"author":17,"featured_media":54172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,53593,57131,53613],"tags":[],"persona":[],"class_list":{"2":"type-post","11":"entry","12":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - 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