Linked outcomes

Event

Singapore introduces the Additional Buyer's Stamp Duty

Announced 7 December 2011 · Effective 8 December 2011 · Macroprudential

Comparison anchored to effective date: 8 December 2011.

Before and after figures are the 180-day windows of the before and after view, not each outcome record's own window. A link here is an association the archive records; it is not a finding that the event produced the outcome.

In brief

4 outcome records are linked to this event: 0 with computable series, 2 citing a series whose aggregation type is unresolved, 1 observed without a series, and 1 unresolved.
Deceleration around the introduction cites URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100); the aggregation type is unresolved, so Prevo does not compute a before and after comparison.
4 of 4 outcome records name no source, and none has a source document attached.
3 further series are observed around this event through its category mapping, not through an outcome record.

Linked outcomes (4)

Directly referenced: an outcome record on this event. Listed computable first, then not computable, then observed in words, then unresolved; not ranked.

Outcome record 1

Deceleration around the introduction

Not computable

Outcome link exists, but this metric cannot yet be safely aggregated because its series type is unresolved. (DQ-OUT-002)

Observation state: Observed
Value basis: Calculated from published series
Outcome window: Q4 2011 to Q1 2012 · calendar · anchored to the effective date
Temporal relationship: Spans the event. Window "Q4 2011 to Q1 2012" read as 1 October 2011 to 31 March 2012, against the effective date 8 December 2011. No dated window is stored; the dates are read from the label.

URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100)

Series type unresolved · Not computable

Outcome link exists, but this metric cannot yet be safely aggregated because its series type is unresolved.

Primary source cited for URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100): Urban Redevelopment AuthorityDerived observationEvidence incomplete

Gap: Evidence record exists, but no source is named on it.

Why is this linked?

Policy event
Singapore introduces the Additional Buyer's Stamp Duty
Announced 7 December 2011, effective 8 December 2011
Outcome record
Outcome record 1: Deceleration around the introduction
Calendar window "Q4 2011 to Q1 2012", anchored to the effective date
Metric
URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100)
Series type: unresolved
Observed series
Series held, not aggregated: series type unresolved
Source
Urban Redevelopment Authority
Primary source

As recorded on the outcome

The private residential Property Price Index rose 0.3% in Q4 2011 and fell 0.1% in Q1 2012, on a 1Q2009 = 100 base.

Record identifiers

event evt_sg_2011_absd_dec · outcome 0c000000-0000-4000-8000-000000001001 · metrics 3e000000-0000-4000-8000-000000000901

Outcome record 3

Prices rose over 2012

Not computable

Outcome link exists, but this metric cannot yet be safely aggregated because its series type is unresolved. (DQ-OUT-002)

Observation state: Observed
Value basis: Calculated from published series
Outcome window: calendar 2012 · calendar · anchored to the effective date
Temporal relationship: Begins on or after the event. Window "calendar 2012" read as 1 January 2012 to 31 December 2012, against the effective date 8 December 2011. No dated window is stored; the dates are read from the label.

URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100)

Series type unresolved · Not computable

Outcome link exists, but this metric cannot yet be safely aggregated because its series type is unresolved.

Primary source cited for URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100): Urban Redevelopment AuthorityDerived observationEvidence incomplete

Gap: Evidence record exists, but no source is named on it.

Why is this linked?

Policy event
Singapore introduces the Additional Buyer's Stamp Duty
Announced 7 December 2011, effective 8 December 2011
Outcome record
Outcome record 3: Prices rose over 2012
Calendar window "calendar 2012", anchored to the effective date
Metric
URA Private Residential Property Price Index, all residential properties, level (1Q2009 = 100)
Series type: unresolved
Observed series
Series held, not aggregated: series type unresolved
Source
Urban Redevelopment Authority
Primary source

As recorded on the outcome

The index fell 0.1% in Q1 2012 and then rose for the remaining three quarters, 0.5%, 0.6% and 1.8%, for a full-year change of approximately 2.8% measured Q4 2011 to Q4 2012, concentrated in the final quarter.

Record identifiers

event evt_sg_2011_absd_dec · outcome 0c000000-0000-4000-8000-000000001003 · metrics 3e000000-0000-4000-8000-000000000901

Outcome record 2

Record developer sales

Observed

Observed and recorded in words, without a structured series.

Observation state: Observed
Value basis: Source-stated figure · Observed · origin: Source fact
Outcome window: calendar 2012 · calendar · anchored to the effective date
Temporal relationship: Begins on or after the event. Window "calendar 2012" read as 1 January 2012 to 31 December 2012, against the effective date 8 December 2011. No dated window is stored; the dates are read from the label.

Source document not attachedEvidence incomplete

Gap: Evidence record exists, but no source is named on it.

Why is this linked?

Policy event
Singapore introduces the Additional Buyer's Stamp Duty
Announced 7 December 2011, effective 8 December 2011
Outcome record
Outcome record 2: Record developer sales
Calendar window "calendar 2012", anchored to the effective date
Source
No source named

As recorded on the outcome

Developers sold 22,197 private residential units in 2012, excluding executive condominiums, a record annual total.

Record identifiers

event evt_sg_2011_absd_dec · outcome 0c000000-0000-4000-8000-000000001002

Outcome record 4

Foreign-buyer composition

Unresolved

Registered before it could be observed: no observation is recorded.

Observation state: Registered before it could be observed
Value basis: Not derived: no value recorded yet · Not derived · origin: Unresolved
Outcome window: 2012 onward · calendar · anchored to the effective date
Temporal relationship: Window recorded as "2012 onward" (calendar), anchored to the effective date 8 December 2011. No dated window is stored and the label gives no dates, so it is not placed.

Source document not attachedEvidence incomplete

Gap: Evidence record exists, but no source is named on it.

Why is this linked?

Policy event
Singapore introduces the Additional Buyer's Stamp Duty
Announced 7 December 2011, effective 8 December 2011
Outcome record
Outcome record 4: Foreign-buyer composition
Calendar window "2012 onward", anchored to the effective date
Source
No source named

Record identifiers

event evt_sg_2011_absd_dec · outcome 0c000000-0000-4000-8000-000000001004

Associated indicators (3)

Observed around the selected event: a series mapped to this kind of event, cited by no outcome record.

HDB Resale Price Index

Observed

Observed around the event; no outcome record cites this series.

Temporal relationship: Before: Q3 2011, observed before the event. After: Q1 2012, beginning on or after the event. A period that spans 8 December 2011 counts on neither side.

HDB Resale Price Index

INDEX · Computable

180 days before

135.4

Q3 2011 · 92/180 days

180 days after

138.5

Q1 2012 · 91/180 days

Observed change

+3.1

+2.3%

Qualified: whole periods cover 92/180 days before and 91/180 days after. Days outside a whole period are not counted and are not treated as zero.

Primary source cited: Housing & Development Board

Why is this linked?

Policy event
Singapore introduces the Additional Buyer's Stamp Duty
Announced 7 December 2011, effective 8 December 2011
Category mapping
Series mapped to macroprudential events
No outcome record cites it
Metric
HDB Resale Price Index
Series type: INDEX
Observed series
Observed series, value in the latest whole quarterly period inside each 180-day window
Before: Q3 2011. After: Q1 2012.
Source
Housing & Development Board
Primary source

Record identifiers

event evt_sg_2011_absd_dec · metrics bd89e9e1-83d4-4cb1-a341-40896143b8d8

Private Residential Property Price Index, All Residential

Observed

Observed around the event; no outcome record cites this series.

Temporal relationship: Before: Q3 2011, observed before the event. After: Q1 2012, beginning on or after the event. A period that spans 8 December 2011 counts on neither side.

Private Residential Property Price Index, All Residential

INDEX · Computable

180 days before

147

Q3 2011 · 92/180 days

180 days after

147.2

Q1 2012 · 91/180 days

Observed change

+0.2

+0.1%

Qualified: whole periods cover 92/180 days before and 91/180 days after. Days outside a whole period are not counted and are not treated as zero.

Primary source cited: Urban Redevelopment Authority

Why is this linked?

Policy event
Singapore introduces the Additional Buyer's Stamp Duty
Announced 7 December 2011, effective 8 December 2011
Category mapping
Series mapped to macroprudential events
No outcome record cites it
Metric
Private Residential Property Price Index, All Residential
Series type: INDEX
Observed series
Observed series, value in the latest whole quarterly period inside each 180-day window
Before: Q3 2011. After: Q1 2012.
Source
Urban Redevelopment Authority
Primary source

Record identifiers

event evt_sg_2011_absd_dec · metrics 7cbef7bc-b216-48c3-851c-91b71553b792

Singapore private residential transactions, all types of sale

Observed

Observed around the event; no outcome record cites this series.

Temporal relationship: Before: Q3 2011, observed before the event. After: Q1 2012, beginning on or after the event. A period that spans 8 December 2011 counts on neither side.

Singapore private residential transactions, all types of sale

FLOW · Computable

180 days before

8,185

Q3 2011 · 92/180 days

180 days after

9,188

Q1 2012 · 91/180 days

Observed change

+1,003

+12.3%

Qualified: whole periods cover 92/180 days before and 91/180 days after. Days outside a whole period are not counted and are not treated as zero. The two totals span different numbers of days.

Primary source cited: Urban Redevelopment Authority

Why is this linked?

Policy event
Singapore introduces the Additional Buyer's Stamp Duty
Announced 7 December 2011, effective 8 December 2011
Category mapping
Series mapped to macroprudential events
No outcome record cites it
Metric
Singapore private residential transactions, all types of sale
Series type: FLOW
Observed series
Observed series, total over whole quarterly periods inside each 180-day window
Before: Q3 2011. After: Q1 2012.
Source
Urban Redevelopment Authority
Primary source

Record identifiers

event evt_sg_2011_absd_dec · metrics 56dfd10a-d6b9-41a7-b183-7d2b09301f89

Related policy events

Singapore imposes 35% ABSD on residential property transferred into a living trust has as a structural ancestor this event.