In case you missed it – the government just announced fresh cooling measures for the Singapore property market last night.
I know a lot of you have been following the property market with a lot of interest, so I wanted to share some views on this.
In my article in October I wrote that the narrative around housing had started to shift. Government wants houses for living, not for speculation or investment.
And that this will lower property returns going forward.
Shortly after that article, we saw the new Public Housing Model for HDB flats in prime locations.
And yesterday, we saw a wave of cooling measures targeted broadly at Singapore house prices.
All in line with the broader political zeitgeist.
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Basics: What are the Cooling Measures?
Broadly, the cooling measures are:...