The government has finally listened to the growing calls for the tough property cooling measures to be eased. Although the changes were described as slight tweaks, the move is expected to raise optimism among property developers and consumers. It also shows that the government is closely monitoring the market, and will change the rules to ensure a stable and sustainable housing market.
Meanwhile, higher CPF housing grants were also announced for eligible buyers of HDB resale flats, which should make it more affordable for young couples who need a flat urgently.
It will also ease pressure on new Build-To-Order (BTO) launches in mature estates, which continue to be very popular. For the full analysis, turn to page 12.
If you’re more interested in buying overseas property, we’ve got good news for you. The outlook is bright for Malaysian property in 2017, especially in areas like Iskandar, KL and Malacca due to more affordable prices, future infrastructure development and enhanced connectivity. Read our special report on page 16.
Elsewhere in this issue, we explore the Somerset stretch, which forms part of the vibrant Orchard Road shopping street, and also check out some amazing homes designed on a budget.
Cover Story: Making sense of the property tweaks
Guru View: HDB resale: A buyer’s market
Eye on Somerset: From rural to urban