14 Jan '11, 12am

New cooling measures but ...: It could force some buyers of uncompleted homes to hold on to those properties unt...

SINGAPORE - More restrictions to curb the sizzling property market were unveiled yesterday by the Government, five months after its last round of measures and its fourth in 16 months. And these latest cooling measures - described by some industry players as "too punitive" - are by no means the last should they fail to tame the market, analysts said. Research Consultancy SLP International executive director Nicholas Mak said: "This is going to basically drive another nail into the coffin of anybody who has thoughts of short-term investments." Ms Tessa Chan, in her 30s, told MediaCorp the latest measures have put the brakes on her plans to own a second property. She said: "Those who have already benefitted (from the high property prices) ... will have another bite at the cherry because they're already sitting on cash waiting. But, for those are coming into the party late, to...

Full article: http://www.todayonline.com/Singapore/EDC110114-0000238/Ne...

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