28.01.2011 - Singapore: Dilemma for genuine home buyers
From Todayonline.com: Some wonder if they should wait and see if the recent cooling measures push down prices significantly. The Government's latest round of measures to cool the residential property market was clearly targeted at short-term investors and speculators. Effective since Jan 14, they include the highly punitive stamp duties which apply to the resale of residential properties within four years of purchase, the reduced loan limit of 60 per cent for buyers with one or more outstanding mortgages, as well as the 50-per-cent loan limit for buyers who are non-individuals, for example companies and trusts..............................................Full Article: Source
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