No rationale for tough cooling measures: Redas
Property market is in early stages of recovery and the recovery is in line with economic fundamentals
Singapore
THE government's latest measures to cool the private residential market drew a sharp response from the Real Estate Developers Association of Singapore (Redas).
In a statement on Friday, Redas said there is no rationale for the tough measures, including the new non-remittable additional buyer's stamp duty (ABSD) of 5 per cent on developers' purchase of residential properties for development.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Luxury private home rents jump in Q1 amid wider market slump: Huttons Asia
Evictions surge in Arizona with housing shortage and rising prices
China property shares firm after Politburo highlights clearing inventory
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents