Linked outcomes

Event

Singapore raises SSD to 16% to 4% over four years and tightens LTV limits again

Announced 13 January 2011 · Effective 14 January 2011 · Macroprudential

Comparison anchored to effective date: 14 January 2011.

Before and after figures are the 30-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

2 outcome records are linked to this event: 0 with computable series, 1 citing a series whose aggregation type is unresolved, 0 observed without a series, and 1 unresolved.
No immediate sustained price reversal 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.
2 of 2 outcome records name no source, and none has a source document attached.
2 further series are observed around this event through its category mapping, not through an outcome record.

Linked outcomes (2)

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

No immediate sustained price reversal

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: Q1 2011 to Q4 2011 · calendar · anchored to the effective date
Temporal relationship: Spans the event. Window "Q1 2011 to Q4 2011" read as 1 January 2011 to 31 December 2011, against the effective date 14 January 2011. No dated window is stored; the dates are read from the label.

HDB Resale Price Index

INDEX · Computable

30 days before

None

0/30 days

30 days after

None

0/30 days

Observed change

Not stated

No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.

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 HDB Resale Price Index: Housing & Development BoardPrimary 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 raises SSD to 16% to 4% over four years and tightens LTV limits again
Announced 13 January 2011, effective 14 January 2011
Outcome record
Outcome record 1: No immediate sustained price reversal
Calendar window "Q1 2011 to Q4 2011", anchored to the effective date
Metric
HDB Resale Price Index
Series type: INDEX
Observed series
Observed series, value in the latest whole quarterly period inside each 30-day window
Before: no whole period. After: no whole period.
Source
Housing & Development Board
Primary source
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 2.2%, 2.0%, 1.3% and 0.3% across 2011, approximately 5.9% for the year. The HDB Resale Price Index rose 1.6%, 3.2%, 3.8% and 1.7%, approximately 10.7%.

Record identifiers

event evt_sg_2011_ssd_jan · outcome 0c000000-0000-4000-8000-000000001401 · metrics bd89e9e1-83d4-4cb1-a341-40896143b8d8, 3e000000-0000-4000-8000-000000000901

Outcome record 2

Short-term transactions

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: 2011 onward · calendar · anchored to the effective date
Temporal relationship: Window recorded as "2011 onward" (calendar), anchored to the effective date 14 January 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 raises SSD to 16% to 4% over four years and tightens LTV limits again
Announced 13 January 2011, effective 14 January 2011
Outcome record
Outcome record 2: Short-term transactions
Calendar window "2011 onward", anchored to the effective date
Source
No source named

Record identifiers

event evt_sg_2011_ssd_jan · outcome 0c000000-0000-4000-8000-000000001402

Associated indicators (2)

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

Private Residential Property Price Index, All Residential

Unresolved

No whole period of this series falls inside the 30-day windows, so nothing is observed at this window length.

Temporal relationship: No whole period of the series falls inside the 30-day windows either side of 14 January 2011.

Private Residential Property Price Index, All Residential

INDEX · Computable

30 days before

None

0/30 days

30 days after

None

0/30 days

Observed change

Not stated

No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.

Primary source cited: Urban Redevelopment Authority

Why is this linked?

Policy event
Singapore raises SSD to 16% to 4% over four years and tightens LTV limits again
Announced 13 January 2011, effective 14 January 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 30-day window
Before: no whole period. After: no whole period.
Source
Urban Redevelopment Authority
Primary source

Record identifiers

event evt_sg_2011_ssd_jan · metrics 7cbef7bc-b216-48c3-851c-91b71553b792

Singapore private residential transactions, all types of sale

Unresolved

No whole period of this series falls inside the 30-day windows, so nothing is observed at this window length.

Temporal relationship: No whole period of the series falls inside the 30-day windows either side of 14 January 2011.

Singapore private residential transactions, all types of sale

FLOW · Computable

30 days before

None

0/30 days

30 days after

None

0/30 days

Observed change

Not stated

No whole quarterly period of this series falls inside either window, so no comparison is stated. A longer window may contain one.

Primary source cited: Urban Redevelopment Authority

Why is this linked?

Policy event
Singapore raises SSD to 16% to 4% over four years and tightens LTV limits again
Announced 13 January 2011, effective 14 January 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 30-day window
Before: no whole period. After: no whole period.
Source
Urban Redevelopment Authority
Primary source

Record identifiers

event evt_sg_2011_ssd_jan · metrics 56dfd10a-d6b9-41a7-b183-7d2b09301f89

Related policy events

Singapore cuts SSD to three years and 12%, lifts TDSR from low-LTV equity withdrawal loans and adds duties on property-holding entities partly reverses this event.