06 Jul '18, 5am

Singapore's surprise property crackdown is hitting stocks hard

Individuals taking up their first housing loan will face tighter borrowing limits under the new rules, meaning they have to put up more cash to buy property. For foreign purchases of residential property, the additional buyer’s stamp duty increases to 20 percent from 15 percent, while for Singapore citizens the extra charges apply only from their second home purchase, the MAS, Ministry of National Development, and Ministry of Finance said in a joint statement Thursday.

Full article: https://www.bloomberg.com/news/articles/2018-07-05/singap...

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