Singapore has not held back in imposing cooling measures to tame rising home prices, but in what seems to be the first time, the government implemented a new round that will zero in on the Housing and Development Board (HDB) resale market. This is expected to trigger a "knee-jerk reaction" from the public housing market, OrangeTee & Tie said.
In end-2021, Singapore increased the Additional Buyer's Stamp Duty (ABSD) on private residential properties, leading to a decline in investment sales. This time the government tightened the Total Debt Serving Ratio (TDSR) and the Mortgage Servicing Ratio (MSR) as well as reduced the loan-to-value limits (LTV), which could impact housing affordability.
"This can be considered to be one of the most significant rounds of cooling measures imposed on the public housing market, and we can expect a stronger market reaction when compared to previous measures," OrangeTee & Tie Pte Ltd. Senior Vice President of Research & Analytics Christine Sun told Singapore Business Review.
Bu hikaye Singapore Business Review dergisinin Issue 102 sayısından alınmıştır.
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Bu hikaye Singapore Business Review dergisinin Issue 102 sayısından alınmıştır.
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Already a subscriber? Giriş Yap
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