26 Feb '16, 3am

#singapore #property Govt may ease property measures this year, says CDL’s Kwek: Some o...

The government may ease some of its property cooling measures this year in light of the sizeable upcoming supply, according to comments made by Kwek Leng Beng, Executive Chairman of City Developments Limited (CDL), and reported by Bloomberg and TODAYonline. “Developers hope that the government presses the button sooner than later,” he said after announcing the company’s latest financial results on Thursday (25 Feb). “I would think that they would do something this year. That’s my speculation, especially this year, when you have a lot of mid-end and low-end homes coming up. I suspect it will be the abolishing the Additional Buyer’s Stamp Duty (ABSD).” Another existing measure is the Total Debt Servicing Ratio (TDSR) framework. The TDSR limits mortgage repayments to 60 percent of a borrower’s monthly income, while ABSD are stamp duties that individuals have to pay based on t...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

Tweets

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