property cooling measures

Singapore announces new property cooling measures: Higher ABSD rates, tighter loan limits

The Government on Wednesday (Dec 15) announced a package of measures to cool the private residential and HDB resale markets. The measures include raising Additional Buyer’s Stamp Duty (ABSD) rates, tightening the Total Debt Servicing Ratio (TDSR) threshold and lowering the Loan-to-Value (LTV) limit for loans from the Housing and Development Board (HDB), said the Ministry of Finance, the Ministry of...

Property cooling measures safeguard ‘well-being of Singaporeans’ amid economic crisis: Desmond Lee

Amid the economic crisis, property cooling measures are all the more necessary for the “well-being” of Singaporeans, by encouraging prudence and caution in their property purchases, National Development Minister Desmond Lee said on Wednesday (Sept 16). He made the comment in response to questions from PropNex chief executive Ismail Gafoor during a dialogue session at the PropNex Mid Year 2020...

Easing Singapore property curbs not on radar: DPM Heng

Singapore has no immediate plans to ease property curbs, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Wednesday, amid renewed calls by developers to loosen a measure that penalises them if they fail to complete and sell new projects within five years. "It is not on our radar at this point because we need to make sure that we stabilise the economy and we address long-term structural...

Two quarters of rises in private home prices raise question of cooling measures

Two straight quarters of increases in the overall private home price index of the Urban Redevelopment Authority (URA) have sparked a debate on whether this might prompt the authorities to respond with more measures to cool down the property market. Barclays' regional economist Brian Tan thinks the risk of more cooling measures has risen to "a relatively high level", and that the government could act...

Property price curbs achieved stabilisation goals: Lawrence Wong

Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilised the property cycle, Minister for National Development Lawrence Wong said. "The property market last year, before the cooling measures were put in place, we saw prices rising very sharply," Mr Wong said in an interview with Bloomberg Television's Haslinda Amin in Singapore. "There...

Property cooling measures — examining the case for a ‘sledgehammer’

The latest round of property cooling measures may have caught the market by surprise with its speed and severity, with an analyst describing it as "a sledgehammer to kill a fly". However, the warning signs were there: High land prices, a jump in the number of new housing loans, and a wage growth lagging behind economic expansion were some of the red flags which prompted the authorities to take...

No rationale for new housing curbs, additional harsh measures on developers: REDAS

There is no rationale for the new housing curbs given that the Singapore property market "is in the early stages of a recovery and the recovery is in line with economic fundamentals", said the Real Estate Developers' Association of Singapore (REDAS) on Friday (Jul 6). The statement from the industry body came a day after the Government announced new property cooling measures. Among the curbs are a 5...

New housing curbs expected, but extent of measures ‘heavy-handed’: Analysts

The new property cooling measures announced on Thursday (Jul 5) were not entirely unexpected given the recent euphoria in the housing market, but the speed and timing at which the measures were introduced as well as the extent of the curbs were “heavy-handed”, some analysts told Channel NewsAsia. Among the curbs are a 5 percentage point hike in Additional Buyer's Stamp Duty (ABSD) rates for citizens...

New property cooling measures announced: Higher ABSD rates, tighter loan limits

The Government announced on Thursday (Jul 5) that it is raising Additional Buyer's Stamp Duty (ABSD) rates and tightening loan-to-value (LTV) limits on residential property purchases, in an effort to "cool the property market and keep price increases in line with economic fundamentals". The move comes several days after official data showed that private home prices had risen to its highest point in four...

Tweaks to some property cooling measures will not have significant impact: Analysts

The Government’s tweaks to some residential property cooling measures on Friday (Mar 10) are a timely move, but observers said these adjustments are unlikely to have a significant impact on the local property market. Even as the announcements marked the Singapore Government’s first relaxation of the property cooling measures rolled out since 2009, market participants should not expect further...

Compare listings

Compare