This is a good piece of news to me as a concerned Singaporeans and probably to many of our fellow friends who are looking towards buying their first property and yet being deprived by the speculators. The measures taken in September last year are too soft which in my opinion are not effective. The measures taken back then only reduce the crazy mode to a less crazy mode.

Previously it rose at a rate of 30% a year and it reduces to around 20% a year. Back then, the private housing market had resisted rounds of cooling measures and surged 38.2% in June last year, exceeding the historical peak of 1996. Property, in my view is best to grow at a moderate rate near to the overall inflation of the country. So what are the changes?

1) The holding period for imposition of Seller’s Stamp Duty (SSD) will be raised to four years from the current three. ...