Singapore moves to curb private housing boom
Buyers have to pay higher taxes and face tougher loan-to-value limits
Singapore has announced a string of cooling measures to keep residential property prices “in line with economic fundamentals”.
The measures include an increase of five percentage points in the additional buyer’s stamp duty and a cut of five percentage points in the maximum loan-to-value (LTV) limits, according to a joint statement issued by the Monetary Authority of Singapore, Ministry of Finance and Ministry of National Development of Singapore on July 5.
Since peaking in 2013, property
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