Time to start withdrawing property curbs

FACED with high capital inflows and a roaring property market after the global financial crisis, the Singapore government began to put in place a series of property cooling measures, starting in September 2009. In the face of three rounds of quantitative easing by the US Federal Reserve and persistent, record-low interest rates, six further rounds of cooling measures followed, till January 2013. The measures included reductions in loan-to-value limits; the introduction of seller stamp duties (SSD),...

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