23 Jan '13, 5am

GuocoLand: Cooling measures need not be so &#39;blunt <b>...</b>

They should be more calibrated, rather than one-size-fits-all: Developer Property developer GuocoLand, the Singapore-listed firm controlled by Malaysian billionaire Quek Leng Chan, would like to see a more calibrated approach to property cooling measures by the Government rather than a one-size-fits-all approach. Said its newly-appointed Chief Operating Officer, Mr Cheng Hsing Yao: “In a global landscape where Singapore is trying to attract foreign talent, this approach with a blunt instrument is certainly not the best one and may even scare people off. The Government should recognise that the property market here has become more sophisticated and is now very segmented.” Earlier this month, the Government introduced a comprehensive round of additional cooling measures, including higher stamp duty for certain home buyers, tighter loan-to-value limits and higher downpayment ...

Full article: http://lushhomemedia.com/2013/01/23/guocoland-cooling-mea...

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