RHT Wealth Holdings Chief Operating Officer, Patrick Lai shares with The Business Times’ Views From The Top on the timing and effect of the latest round of property market cooling measures
RHT Wealth Holdings Chief Operating Officer, Patrick Lai was featured in The Business Times article titled “A bitter pill that needs to be swallowed”.
This article was first published on 16 July 2018.
A bitter pill that needs to be swallowed
THIS WEEK’S TOPIC: Is the latest round of property market cooling measures well-timed or a tad early? What effects, if any, will there be beyond the property sector?
Source: The Business Times
Date: 16 July 2018
There were signs of mild exuberance in the residential market, particularly in the collective sales sector as year-to-date transaction volume has surpassed the total collective sale figure for the whole of 2017. If this trend continues into the second half of 2018, the mild exuberance could turn into a harbinger of further cooling measures.
The collective sales momentum is also spilling over into the commercial property sector as transaction volume for local commercial property has increased.
Following these measures, buyers may look beyond Singapore’s residential market for new opportunities and portfolio growth in markets such as London, Australia and Malaysia.