20 Jul '18, 1am

A Layman’s explanation of what the new Property Cooling Rules will do to you https://t.co/fKIHlYrm98

You’ve probably heard of the new property cooling measures being announced, and heard terms like ABSD and Loan-to-Value (LTV) being thrown around. Perhaps you’ve also received videos of people swamping condominium show flats and panic buying. Many people know about the increase in Stamp Duties, but what do all the property cooling measures actually mean for normal humans like you and me? I’m here to help you break it down! A break in the En-Bloc Fever A large number of En-Bloc sales were triggered in recent times by large overseas developers. The new property cooling measures would put a huge 30% ABSD on the developers, meaning that many would consider stepping on the brakes of their En-Bloc plans. This means that if you own an apartment in an older condominium that failed to En-Bloc, the developers might not want to try again. Foreign Property Buyers will think twice Broo...

Full article: https://www.iproperty.com.sg/news/a-laymans-explanation-o...

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