The new reality of up to 60% ABSD released on 27th April 2023 had many wondering what this will mean for the future of Singapore’s real estate market. Melvin Lim from PropertyLimBrothers dabbles deep into the likely causes for property price acceleration, and the possible concerns our policy makers had that led to the introduction of the latest round of “cooling measures”.

Keep up with the changes and see what Melvin has to say about its potential impact on the private property market, all on this week’s episode of Nuggets On The Go!

Don’t miss out on the early bird tickets for PLB’s upcoming Landed Convention happening on 20 May 2023 at Pan Pacific Singapore, where Melvin Lim, alongside 15+ renowned landed developers, architects, builders and brand partners provide data-driven insights and showcase the newest listings in the market!

Purchase your tickets while you still can through the link below!

https://www.propertylimbrothers.com/landed-convention-2023/

(00:00) Introduction

(01:43) Increase in marginal BSD Rates (February 15, 2023)

(02:23) Adjustment of ABSD Rates for Foreigners

(03:47) Acceleration of Price

(06:57) Percentage and quatity of transaction

(11:33) Total amount of condos and apartments in Singapore

(12:54) Melvin's thoughts for the current Singapore Market

(14:37) Will this affect the overall price index?

(18:11) Melvin's thoughts for this round of cooling measure

(20:16) Conclusion

(22:08) Landed Convention 2023

(23:34) Bloopers

Watch the video on our NOTG YouTube Channel:

https://youtu.be/udcwZorNf2Q