Find out how much home prices escalated in 2013

Will there be changes soon?

According to Barclays, looking back over 2013, home price appreciation had slowed from 21.3% in 2012 to only 2.8% in 2013. 

Private housing supply has increased from 67,000 units as of December 2012 to 72,000 units as of September 2013.

Here's more from Barclays:

On the policy idea of “not being constrained by costs” and “shortages”, we expect the government to highlight that some progress has been made but more remains to be done.

Having emphasized that land development is a long process, we do not expect any change or any substantial shifts in the Government’s housing policy.

Among the various property cooling measures, as discussed in our report “Reversal of property cooling measures? Be careful what you wish for”, we do see a low likelihood that the applicable period for the SDD could be dialled back from three to two years or the applicable rate could be lowered by 5%.

This would essentially bring the SSD back to the original version that was announced back in November 2010. Since fiscal-related decisions are meant to be announced with the Budget, slated for February 26, and any change to the various stamp duties could be
announced at any time, we believe it would be very unlikely to roll them out at the time of the Policy Address as it would distract from the bigger policy message.