New property cooling measures announced

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#33
In the previous rounds of cooling measures, I saw some of my property counters drop 7% the next day but what happened in the end? I seriously think there will be no much change overall as if Singapore PR first house demand is high enough (sub-let or not, i do know china PRs who are swooning at Singapore housing prices compared to China big cities and they want the captial appreciation) then there will be no difference for HDB resale prices.

What i really observe is that Singapore govt way of "curbing hot property market" (or many other "measures") is to increase their tax revenues. Why can't they simply announce like foreigners are not allowed to buy private property and PRs not allowed to buy HDBs anymore?
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RE: New property cooling measures announced - by mrEngineer - 12-01-2013, 11:15 AM

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