Tag: cooling measures

Circuit-breaker to fight Covid-19 in effect

Those 6-in-10 Singaporeans May Not Realise the Government IS Controlling Prices

Apparently, six in 10 Singaporeans think condo prices should be controlled by the government, according to some survey that’s out there. But we should realise that the Singapore government is already very controlling, when it comes to the real estate market: Is the government controlling prices for condos? The government hasn’t directly come down and…

New Cooling Measures Property Singapore

New property cooling measures in Singapore: a cause and effect analysis

The first week of July 2018 was a rollercoaster ride for the Singapore property market. First, on Monday, the Urban Redevelopment Authority (URA) released 2Q 2018 flash estimates that indicated a strong surge in private property prices towards its previous highs of five years ago — when a series of cooling measures brought property prices…

government says no to developers

How property buyers should react to the ABSD increase

So you were either celebrating your wedding anniversary at a Michelin-star restaurant or working overtime in your office. Either way, you missed the chance to buy your dream property before the Singapore government raised Additional Buyer Stamp Duty (ABSD) and further tightened the Loan-to-Value (LTV) limit on the stroke of midnight — a move that…

Ripping up a contract

ABSD increase on 6 July 2018: Singapore government stuns property market

[This is the joint media release by the Monetary Authority of Singapore (MAS), Ministry of Finance (MOF) and the Ministry of National Development (MND) reproduced in full.] Singapore, 5 July 2018 — The Government announced today adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates and Loan-to-Value (LTV) limits on residential property purchases, to cool…

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