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Singapore’s property curbs to sustain market, CapitaLand says

Posted on 29 November 2010

From Bloomberg: CapitaLand Ltd., Singapore’s biggest developer, said government measures to curb property speculation are “incremental” and will help the real estate market development sustainably over the long term.

Singapore raised down payment requirements in August for second mortgages and imposed a stamp duty on homes held for less than three years to curb speculation after prices surged. It will sell 17 residential sites in the first half of 2011, matching the record land sales in the second half this year, it said yesterday…………………………………….Full Article: Source


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