Finding the right temperature for Singapore's private residential market
Polices can be expected to be adjusted to ensure home prices are affordable.
ON July 5, 2018, the Singapore government increased additional buyer stamp duties (ABSD) and lowered loan-to-value (LTV) limits for residential properties, to temper home price growth. This is the first material policy move in over five years.
Many market commentators argue that intervention was premature, because:
More important to reset expectations to predict future policy moves
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