New Property Cooling Measure, 5 July 2019: Higher ABSD Rates, Tighter Loan Limits


Source: CNA
New cooling measure announced on 5 July 2019 – The implementation of the cooling measure was necessary to slow the hike of the property market in the recent years. It was expected by many financial institute that the Singapore private residential market will rise with a double digit growth. To prevent the price speculation, the purpose of the cooling measure was to slow down the market.
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