{"id":47984,"date":"2022-01-31T11:12:57","date_gmt":"2022-01-31T03:12:57","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=47984"},"modified":"2022-06-13T17:57:37","modified_gmt":"2022-06-13T09:57:37","slug":"community-feedback-cooling-measures","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/community-feedback-cooling-measures\/","title":{"rendered":"You&#8217;ve heard analysts and agents, but what are some community feedback on the cooling measures?"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><span data-preserver-spaces=\"true\">It&#8217;s been over a month since the government rolled out the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.99.co\/singapore\/insider\/cooling-measures-announced-absd-tdsr-ltv-16-december-2021\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">cooling measures<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0on 16 December. The news might not be hot off the press anymore \u2013 property analysts and agents have chimed in and\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.99.co\/singapore\/insider\/effect-new-cooling-measures-property-activity\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">given their two cents worth<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0\u2013 but what do Singaporeans think about it?\u00a0\u00a0<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">ABSD increase<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">One thing that everyone unanimously agreed on was the increase in <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-additional-buyers-stamp-duty-absd\/\" target=\"_blank\" rel=\"noopener\">Additional Buyer&#8217;s Stamp Duty<\/a> (ASBD).\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\"><b>Types of Buyers<\/b><\/td>\n<td><b>Rates from 6 July 2018 to 15 December 2021<\/b><\/td>\n<td><b>Rates on or after 16 December 2021<\/b><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"3\"><b>Singapore Citizens<\/b><\/td>\n<td>First residential property<\/td>\n<td>0%<\/td>\n<td>0%<\/td>\n<\/tr>\n<tr>\n<td>Second residential property<\/td>\n<td>12%<\/td>\n<td>17% <i>(+5%)<\/i><\/td>\n<\/tr>\n<tr>\n<td>Third and subsequent residential property<\/td>\n<td>15%<\/td>\n<td>25% <i>(+10%)<\/i><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"3\"><b>Permanent Residents<\/b><\/td>\n<td>First residential property<\/td>\n<td>5%<\/td>\n<td>5% <i>(unchanged)<\/i><\/td>\n<\/tr>\n<tr>\n<td>Second residential property<\/td>\n<td>15%<\/td>\n<td>25% <i>(+10%)<\/i><\/td>\n<\/tr>\n<tr>\n<td>Third and subsequent residential property<\/td>\n<td>20%<\/td>\n<td>30% <i>(+10%)<\/i><\/td>\n<\/tr>\n<tr>\n<td><b>Foreigners<\/b><\/td>\n<td>Any residential property<\/td>\n<td>20%<\/td>\n<td>30% <i>(+10%)<\/i><\/td>\n<\/tr>\n<tr>\n<td><b>Entities<\/b><\/td>\n<td>Any residential property<\/td>\n<td>25%<\/td>\n<td>35% <i>(Plus additional 5% for housing developers (non-remittable)) (+15%)<\/i><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span data-preserver-spaces=\"true\">The rise in ABSD mainly affects private property speculators eyeing their next property and foreigners purchasing their first property. Some felt that cash-rich buyers who have money to splash would probably not have a huge issue with the six-figure ABSD hike on a million-dollar property as the potential gain would far outweigh the ABSD payable.\u00a0\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit1.png\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"aligncenter wp-image-48003\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit1.png\" alt=\"reddit ABSD\" width=\"600\" height=\"175\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit1.png 1451w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit1-1440x423.png 1440w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit1-150x44.png 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">Others saw the new ABSD targeting foreign buyers who see Singapore as a safe haven to park their money in, given some countries&#8217; pandemic-induced economic instability.\u00a0<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">TDSR tightening<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-total-debt-servicing-ratio-tdsr\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Total Debt Servicing Ratio<\/span><\/a><span data-preserver-spaces=\"true\"> (TDSR) threshold was tightened by 5 points to 55%, down from the previous 60%. Monthly loan repayments of borrowers cannot exceed 55% of their monthly income. Such obligations include student loans, car loans and credit card payments.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some commenters on <a href=\"https:\/\/www.reddit.com\/r\/singapore\/\" target=\"_blank\" rel=\"noopener\">Reddit Singapore<\/a> and <a href=\"https:\/\/forums.hardwarezone.com.sg\/threads\/cooling-measure-announced-from-16-dec-2021-comments-on-impact-welcome.6660875\/\" target=\"_blank\" rel=\"noopener\">HardwareZone<\/a> forum speculated that tightening the TDSR won&#8217;t temper the demand, but instead shift its allocation. It may force down high prices for Core Central Region (CCR) and Rest of Central Region (RCR) properties and new launches, but prices for Outside Central Region (OCR) houses will continue to increase due to its affordability.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/HWZ-speculation.png\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"aligncenter wp-image-48007\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/HWZ-speculation.png\" alt=\"HWZ speculation\" width=\"600\" height=\"169\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/HWZ-speculation.png 1826w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/HWZ-speculation-1536x432.png 1536w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/HWZ-speculation-150x42.png 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit2.png\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"aligncenter wp-image-48000\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit2.png\" alt=\"reddit2\" width=\"600\" height=\"162\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit2.png 1413w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit2-150x41.png 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Year <\/b><\/td>\n<td><b>CCR S$\/psf<\/b><\/td>\n<td><b>RCR S$\/psf<\/b><\/td>\n<td><b>OCR S$\/psf<\/b><\/td>\n<\/tr>\n<tr>\n<td>2019<\/td>\n<td>2,330<\/td>\n<td>1,716<\/td>\n<td>1,274<\/td>\n<\/tr>\n<tr>\n<td>2020<\/td>\n<td>2,203<\/td>\n<td>1,676<\/td>\n<td>1,296<\/td>\n<\/tr>\n<tr>\n<td>2021<\/td>\n<td>2,344<\/td>\n<td>1,804<\/td>\n<td>1,320<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The numbers back it up, too. As indicated in the above table, the average cost per square foot of condos in the OCR has consistently been more than half that of condos in the CCR area, making it a more affordable choice.<\/p>\n<p><span data-preserver-spaces=\"true\">Some deduced that the reduced limit is aimed to taper off demand from buyers who are stretching their budget to the limit of their TDSR. We agree that it is crucial to be financially prudent, especially when there are strong indicators of increased interest rates in the near future.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.businesstimes.com.sg\/banking-finance\/interest-rates-heading-north-singapore-to-feel-full-impact-in-2023?close=true\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">US Federal Reserve tapering bond purchases<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0and moving closer to a rate hike, Singapore&#8217;s domestic interest rates is bound to increase as global market movements from major economies largely influence our little red dot.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">LTV cap<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The Loan to value (LTV) limit for both new and resale HDB loans have tightened from 90% to 85%.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This may have been a calibrated move from the government to taper the rapidly rising and\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.straitstimes.com\/singapore\/housing\/hdb-resale-prices-jumped-127-in-2021-record-259-million-dollar-flats-sold\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">record-smashing HDB resale<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0prices. 2021 saw HDB resale prices skyrocketing by 12.7%, ending the year on an all-time high. 259 resale flats were transacted for more than S$1 million, the highest number on record so far.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">There was common sentiment amongst users that the LTV should only affect buyers who currently own more than one property. First-timers should be excluded as they are most likely genuine homebuyers looking for their first property. A tighter LTV raises the barrier even higher for the average cash-strapped first-time homeowner.\u00a0\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/STFB.png\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"aligncenter wp-image-48013\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/STFB.png\" alt=\"STFB\" width=\"600\" height=\"115\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/STFB.png 1289w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/STFB-150x29.png 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit3.png\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"aligncenter wp-image-48002\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit3.png\" alt=\"reddit LTV\" width=\"600\" height=\"123\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit3.png 1403w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit3-150x31.png 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">Tightening the LTV by 5% is significant, increasing the initial downpayment from 10% to 15%. Most first-time homebuyers are young millennials leaving the nest or couples starting new families looking for their first home. <\/span><span data-preserver-spaces=\"true\">These groups usually start their lives with a lower salary and may not be able to afford the increased upfront downpayment with the LTV hike.<\/span><\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit6.png\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"aligncenter wp-image-48011\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit6.png\" alt=\"reddit6\" width=\"600\" height=\"201\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit6.png 1482w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit6-150x50.png 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">Take a S$500,000 BTO flat as an example. With the tightened LTV, the downpayment would now be S$74,000 instead of S$50,000.<\/span><\/p>\n<figure id=\"attachment_47985\" aria-describedby=\"caption-attachment-47985\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-47985\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/calculating-finances.jpg\" alt=\"calculating finances\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/calculating-finances.jpg 1500w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/calculating-finances-150x100.jpg 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption id=\"caption-attachment-47985\" class=\"wp-caption-text\">LTV encourages couples to assess their financial capability thoroughly before committing to a flat.<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">On the flip side, other forum users pointed out that this meant filtering out reckless buyers who don&#8217;t think twice about taking on a bigger loan and those who pick HDB flats solely based on investment potential.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Increasing the LTV forces homebuyers to assess what they can comfortably afford instead of what they want. They reasoned that if the 5% increase was so significant that the house purchase had to be delayed, buyers were probably over-leveraging or being picky with neighbourhoods, such as going for a 5-room instead of a 4-room flat.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Homeowners should exercise due financial diligence and choose what suits their current budget as they can always upgrade in future, like this Reddit user pointed out.<\/span><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit5.png\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"aligncenter wp-image-48006\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit5.png\" alt=\"reddit upgrade\" width=\"600\" height=\"101\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit5.png 1377w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/reddit5-150x25.png 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">BTO delays\u00a0<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Pent up demand from BTO delays has also seen more pivoting to the resale market. With work-from-home fast becoming the norm, more people are looking to move out of their family homes in search of more privacy and space.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">HDB is addressing this issue by increasing public and private housing supply to promote a more stable property market. An increase in HDB supply alleviates the problem of skyrocketing HDB prices, giving young Singaporeans more chances to acquire affordable housing.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Minister for National Development Desmond Lee stated that the <a href=\"https:\/\/www.businesstimes.com.sg\/real-estate\/government-to-increase-bto-gls-programme-supply-together-with-cooling-measures\" target=\"_blank\" rel=\"noopener\">supply of BTO flats will be ramping up<\/a> to launch 23,000 flats per year in 2022 and 2023, a 35% increase from the 17,000 flats launched in 2021. Hopefully this reduces oversubscription rates, especially in popular housing estates such as Clementi, Bishan and Ang Mo Kio.\u00a0<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Decentralisation<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">One interesting issue that a user brought up is decentralisation in Singapore. <\/span><\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/HWZ-decentralisation.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"aligncenter wp-image-48004\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/HWZ-decentralisation.jpg\" alt=\"HWZ decentralisation\" width=\"600\" height=\"212\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/HWZ-decentralisation.jpg 1836w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/HWZ-decentralisation-1536x544.jpg 1536w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/HWZ-decentralisation-150x53.jpg 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p><span data-preserver-spaces=\"true\">Over the years, the government has focused its efforts on building up each neighbourhood to ensure that every district is self-sufficient, with reasonable amenities and transport nodes.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This is a stark contrast from years ago, when you had to travel out to access amenities, retail and entertainment options. It is why Singapore has its\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ura.gov.sg\/Corporate\/Planning\/Master-Plan\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">URA Master Plan<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0reviewed every five years to ensure Singapore&#8217;s sustainability going into the future.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Decades ago, Singapore reviewed its\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.ura.gov.sg\/Corporate\/Planning\/Long-Term-Plans\/Past-Long-Term-Plans#:~:text=The%20Concept%20Plan%20was%20reviewed,development%20are%20woven%20seamlessly%20together.\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">1991 Concept Plan<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0to ease traffic congestion in and out of The Central Business District during peak hours. URA mapped out a long-term decentralisation strategy to distribute commercial activities nationwide and reduce the need to travel.\u00a0<\/span><\/p>\n<figure id=\"attachment_47990\" aria-describedby=\"caption-attachment-47990\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/singapore-traffic.jpg\" class=\"img-link media-img img-link media-img\"><img decoding=\"async\" class=\"wp-image-47990\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/singapore-traffic.jpg\" alt=\"singapore traffic\" width=\"600\" height=\"400\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/singapore-traffic.jpg 1500w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/01\/singapore-traffic-150x100.jpg 150w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><figcaption id=\"caption-attachment-47990\" class=\"wp-caption-text\">Decentralisation will decrease the need to drive into the central region.<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">As such, homebuyers should recalibrate their choices and expectations and consider living in more affordable OCR neighbourhoods instead of focusing their sights on expensive districts such as those in the CCR and RCR, such as Queenstown, Tanjong Pagar and Tiong Bahru.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Due to its land scarcity, Singapore&#8217;s decentralisation efforts might benefit from building more mixed-use developments in more districts to cater to the needs of the residents living in those neighbourhoods and make them more attractive to potential homebuyers, thus flattening the rise of property prices in CCR districts. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">An example of a mixed-use development in the OCR is <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/le-quest\" target=\"_blank\" rel=\"noopener\">Le Quest<\/a>, a 99-year condo located in Bukit Batok. It is located on top of a shopping mall, and with the Tengah Park MRT set to open in 2027, it has great potential to accrue in value.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">General consensus amongst the community<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Given that any significant price changes are highly unlikely to be immediate, those who urgently need to acquire housing will be the most affected. The majority of people on the ground agreed that the cooling measures aimed to dampen demand from foreigners and speculators.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At the same time, the property price curve will stay flattened for a year or two due to housing demand being inelastic as people will always need a roof over their heads.<\/span><\/p>\n<hr>\n<h2>Do you have any opinion about the cooling measures? Let us know in the comments section below or on our Facebook <a href=\"https:\/\/www.facebook.com\/99dotco\/posts\/2199639643522838\" target=\"_blank\" rel=\"noopener\">post<\/a>.<\/h2>\n<p class=\"p2\">If you found this article helpful, check out <a href=\"https:\/\/www.99.co\/singapore\/insider\/5-things-undecided-homebuyers-must-do-cooling-measures-announced\/\" target=\"_blank\" rel=\"noopener\">5 things every homebuyer must do if new cooling measures are suddenly announced<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/insider\/ura-master-plan\/\" target=\"_blank\" rel=\"noopener\">How to decode the URA Masterplan<\/a>.<\/p>\n<p class=\"p1\">Looking for a property? Find the home of your dreams today on Singapore\u2019s fastest-growing\u00a0<a href=\"https:\/\/www.99.co\/?utm_source=blog%20main%20site%20conversion\" target=\"_blank\" rel=\"noopener\">property portal<\/a>\u00a0<a href=\"http:\/\/99.co\/\" target=\"_blank\" rel=\"noopener\">99.co<\/a>! If you would like to estimate the potential value of your property, check out\u00a0<a href=\"https:\/\/www.99.co\/singapore\/property-value-tool\" target=\"_blank\" rel=\"noopener\">99.co\u2019s Property Value Tool<\/a>\u00a0for free. Also, don\u2019t forget to join our Facebook\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/yourpropertycommunity\" target=\"_blank\" rel=\"noopener\">community page<\/a>! Meanwhile, if you have an interesting property-related story to share with us, drop us a message\u00a0<a href=\"mailto:marketing@99.co\" target=\"_blank\" rel=\"noopener\">here<\/a>\u00a0\u2014 and we\u2019ll review it and get back to you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s been over a month since the government rolled out the\u00a0cooling measures\u00a0on 16 December. The news might not be hot off the press anymore \u2013 property analysts and agents have chimed in and\u00a0given their two cents worth\u00a0\u2013 but what do Singaporeans think about it?\u00a0\u00a0 ABSD increase One thing that everyone unanimously agreed on was the&hellip;<\/p>\n","protected":false},"author":123,"featured_media":48023,"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":"no","_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":[53601,53631,53589,53912,57131],"tags":[56275,53787,56913,55740],"persona":[],"class_list":{"2":"type-post","16":"entry","17":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>You&#039;ve heard analysts and agents, but what are some community feedback on the cooling measures? - 99.co<\/title>\n<meta name=\"description\" content=\"News of the 16 Dec cooling measures might not be hot off the press anymore, but people are still talking about it. 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