Property
New cooling measures is a waiting game
By Property Soul  •  October 11, 2022
On September 29 (Thursday) evening, the government announced new property cooling measures again. The new rules aimed to moderate demand and ensure prudent borrowing amid rising interest rates. They were also meant to address the public concern of rising home prices and to improve housing affordability. While industry stakeholders and homebuyers were caught by surprise, some felt that the new measures are too moderate and come too late. Cooling measures came late at night Gone are the days between 2010 and 2013 when cooling measures often came on a Friday afternoon. They killed our TGIF mood and spoil our weekend. Obviously, the new management at MAS are more understanding now. Since 2018, they only did this on a Wednesday or Thursday. But why did the authority pick the time shortly after 11.45 pm? It had nothing to do with providing hints for 4D numbers for the weekend. It was meant to avoid what happened on 5 July 2018 (Thursday)...
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By Property Soul
I have developed a strong passion for properties since young. In my 20s, I was relocated to Singapore where I bought my first condominium unit at the end of 2002. I added four more to my property portfolio in 4 ½ years’ time. I never expected their total value could be doubled in just a few years.
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