Singapore announces new property cooling measures: Higher ABSD rates, tighter loan limits

SINGAPORE: The Government on Wednesday announced a package of measures to cool the private residential and HDB resale markets.

"The Government has been closely monitoring the property market for several quarters," said the statement, which was released to the media just before 11.40pm. It added that the private residential and HDB resale markets have been buoyant, despite the economic impact of COVID-19.HDB resale flat values have also risen by about 15 per cent since the same time, reversing a six-year decline, the authorities said.

"If left unchecked, prices could run ahead of economic fundamentals, and raise the risk of a destabilising correction later on. Borrowers would also be vulnerable to a possible rise in interest rates in the coming years."

外國人都不用貸款，外國人是通過匯款給新加坡人拿去買房子的？中國人很有錢，錢不是問題。

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