05 Jul '18, 2pm

Singapore tightened curbs on its booming property market

The rebound in home prices has prompted aggressive land bids from developers. The government in February raised taxes on home purchases exceeding S$1 million as collective apartment sales reached levels the central bank described as exuberant. The so-called en-bloc sales are where a group of owners band together to sell entire apartment buildings. Singapore home sales jumped to the highest in nine months in May as developers sold 1,121 units.

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

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