May 12, 2023

Cooling measures 101: Signs to note based on past exercises

On 27 April 2023, new cooling measures in Additional Buyers’ Stamp Duty (ABSD) were introduced, with double the taxation on foreigners buying their first and 2nd homes. April’s measures come on the back of an increase in Buyer’s Stamp Duty for high-end properties in February, and an affordability stress-test (and waiting periods for private home…

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Are the changes in distribution and use of HDB grants a form of cooling measure?

Earlier this week, HDB announced a few changes regarding income assessment and housing subsidy. The changes took effect from 9 May 2023 onwards — the same day the HDB Flat Eligibility Letter (HFE) replaced the HDB Loan Eligibility (HLE) letter. Among the changes, the ones that caught our eye are these: How the HDB grants…

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