This is a follow up to the previous post Property Cooling Measures Jan 2013, which the government placed several new cooling measures. With every change in laws and rules, there comes opportunity to exploit the market, especially on poor sentiments. Immediately following the measures, there will often be a knee jerk reaction on the opening day. All property development stocks will be affected, but they will be affected to different degrees. The idea here is to exploit the overall negative sentiment and pick out the winners. Impact of the Measures The first thing is to determine the impact of the measures on the actual business of the developers. The measures are primarily targeted at Singapore residential properties. Given the wide implications of lower LTVs, higher stamp duties and HDB restrictions, mass market houses are more likely to be affected. This is especially so since mass market prices are at ......