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Singapore: Taming the market with targeted cooling

Posted on 09 November 2012

The Government’s new measures to further cool the residential property market, announced last month, add to the long list of such curbs it has introduced since September 2009. By my count, there are now at least 20 significant and not-so-significant residential cooling measures in place and it can be a major mental exercise trying to recall the different ones.
But if one takes a more in-depth look, one will find that they follow a well thought-out pattern. Examining the sequence of the past and the recent measures and the conditions surrounding them, one can see that the Government has been very methodical in its approach, cooling only speculative and investment demand for housing while leaving genuine first-time home buyers unaffected………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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