Tag: cooling measures

minister property market cooling measures

Ministers’ statements on property market fuel fear of new cooling measures

The casual real estate observer must be left wondering about the government’s intentions when not one, but two, ministers sounded out warnings about the property market on 18 January 2020. Speaking at the Building and Construction Authority-Real Estate Developers’ Association of Singapore (REDAS) Built Environment and Property Prospects Seminar 2021, National Development Minister Desmond Lee…

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SG News Roundup: Property market bounceback continues, cooling measures to stay

Property portal 99.co presents the following weekly property news roundup for the week of 12 to 18 September: #1: New home sales hit 11-month high in August Official figures released by the Urban Redevelopment Authority (URA) revealed that developers sold 1,256 non-landed private homes in August 2020—up from 1,080 units sold in July. This marked an…

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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…

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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…

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…

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