Central Banking

Singapore moves to curb private housing boom

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The Singaporean authorities are seeking to curb the rebound in the private housing market
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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 pri

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