Singapore Tightens Property Measures to Cool Housing Market

Singapore Tightens Property Measures to Cool Housing Market

Singapore introduced fresh measures to tame housing prices, raising the stamp duty for those who sell their homes within four years.

Higher seller’s stamp duty, longer holding period for private homes to have limited impact on market: Analysts

NO SIGNIFICANT IMPACT ON MARKET Property analysts said that there would not be a significant impact on the market, with majority of genuine homebuyers and long-term investors unlikely to be affected. Through the new measures, the government is discouraging short-term flipping and sub-sales, which have contributed to artificial demand and price volatility recently, 99.co’s associate head of research Joel Lim said.  “This measure reinforces the no…

Singapore tightens property measures to cool housing market

Singapore introduced fresh measures to tame housing prices, raising the stamp duty for those who sell their private homes within four years. The changes take effect for all private residential properties purchased from Friday, according to a joint statement from the Ministry of National Development, Ministry of Finance and Monetary Authority of Singapore late on Thursday.