05 Jul '18, 2pm

New property cooling measures announced: Higher ABSD rates, tighter loan limits

SINGAPORE: The Government announced on Thursday (Jul 5) that it is raising Additional Buyer Stamp Duty (ABSD) rates and tightening loan-to-value (LTV) limits on residential property purchases, in an effort to "cool the property market and keep price increases in line with economic fundamentals". The move comes several days after official data showed that private home prices had risen to its highest point in four years in the April to June quarter, with analysts predicting that prices could soon recover to 2013 peak levels. Advertisement ​“The government has been monitoring the property market closely. We are very concerned that prices are running ahead of economic fundamentals," said Mr Lawrence Wong, Minister for National Development on Thursday. "There is a large supply of units coming on stream and interest rates are going up. We want to avoid a severe correction later,...

Full article: https://www.channelnewsasia.com/news/business/singapore-p...

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New property cooling measures announced: Higher...

channelnewsasia.com 05 Jul '18, 11am

SINGAPORE: The Government announced on Thursday (Jul 5) that it is raising Additional Buyer Stamp Duty (ABSD) rates and ti...

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asia.nikkei.com 06 Jul '18, 10am

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Honestly, I’m actually surprised that the government took so long to act on the speculative market. https://t.co/hpY5IwhJLv

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bloomberg.com 05 Jul '18, 12pm

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Property Market may go higher before it go lower.

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