2016, is a big bull market in real estate. Not only China's second tier cities soaring housing prices in overseas, Vancouver, Canada, Sydney and Melbourne, as well as the United States, California also has a wave of real estate investment boom.
subsequently, local governments introduced the corresponding restrictions. However, in 2017, China's Sanya, the United States, Seattle and Canada, Toronto and other places of the property market has not stopped." - Sanya (source:
vision China) more extreme cases occurred in Hongkong. In November 5th last year, the overall increase in the sale of residential property in Hongkong stamp duty rates, regardless of the transaction price level, the tax rate was increased to 15% of the transaction amount. However, more than 4 months from the introduction of the policy, the Hongkong property market is still hot. Not only that, in February 24th, the mainland housing prices dragon light King price of approximately HK $16 billion 856 million, with Hongkong to take Ap Lei Chau Lee Nam Road, breaking the Hongkong nearly 20 years of land price record.
is also the land, is also a limited space, but in Singapore, prices have been falling for 3 years, is the real estate in a stream of carnival.
"on 2011 to 2016 in Hongkong and Singapore: White House Price Index: Hongkong; yellow: Singapore (source: Bloomberg) the latest data from
Singapore January 3rd released by the four quarter of 2016, Singapore prices fell again by 0.4%. Is the thirteenth consecutive quarterly decline since 2011, the high-end residential prices fell more than 15%. 2016, Singapore prices fell 3% year on year. According to the
Singapore and Midland data show that from September 2013 to December 2016, Singapore housing price index from about 148 of the way down to 137.2, while the Hongkong housing price index rose to 146.3 from 120.
due to the real estate dragged too much of the overall economy of the hind leg, in March 10th the Singapore government suddenly announced the relaxation of real estate control measures! After each small (micro signal: nbdnews), Singapore Ministry of Finance issued a set of policies in case there is no sign:
"source: Singapore Ministry of Finance website
in the past, hold time of less than 4 years of housing resale, the Seller shall pay the stamp tax housing value of 4% to 16%; from March 11th this year, the time is shortened to 3 years; the stamp tax rate is reduced to 4% ~ 12%.
relaxes 60% debt service requirements for loan buyers.
this sudden easing, surprising. Just last month, CapitaLand group CEO Lin also said that Singapore will Akihiko, prior to the stringent control policies for a year.
however, after each small (micro signal: nbdnews) to introduce the Singapore why not to relax the control of real estate investment, but Singapore why in recent years the real estate market downturn, so Singapore is the subject of Chinese, don't they "settle down" thought?
from a short point of view, this is the result of a series of regulatory policies since the financial crisis in the Singapore government.
2008 years after the global financial crisis, the world's full power to print money to rescue the market, a lot of money into the real estate market, Singapore is no exception. From March 2009 to October 2013, Singapore private housing prices rose 60%.
from 2009 to 2013, the Singapore government has introduced a 8 round of cooling measures, including gradually improve the stamp tax on housing transactions, increase the proportion of mortgage loans Shoufu, shorten the loan period, improve all stamp duty. Now it seems that these cooling measures are very effective, so that the property market in Singapore for the past 3 years to become a thoroughly bear market.
from the long point of view, it is the Singapore government for the real estate market positioning - the house is used to live, not to bring speculation". Under the guidance of this position, the Singapore government in the real estate system design intentions everywhere, in order to meet the living needs of residents (not necessarily buy a house) as the main goal.
every note (micro signal: nbdnews) noted that in Singapore, 80% of the population living in the government building public housing (also known as "group house"). In Hongkong, the proportion is only 21%.
"on the Hongkong and Singapore public housing proportion; blue: public housing (source: Bloomberg) on the 60s
century, the Singapore government purchased 80% of the country's land. This purchase is planned by the government, the price of the land before the development of the purchase, rather than after the development of the price was pushed up, thus saving government spending.
from the point of view of the nature of the land, Singapore and Hongkong are similar, the land is all the government, but they are different in the development process:
Singapore government to take land, began to do 100 years of urban planning. Government control of land development, and the development of property ownership. The government will be the property, or sell or rent, price (including price includes rent price) according to the income level of residents and adjust - for example the households had low income, so