7 Cooling Measures
The Singapore Government's objective for the 7 cooling measures is to ensure a stable and sustainable property market where prices move in line with economic fundamentals.
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| Source : URA |
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| Source : URA |
How do these 7 Cooling Measures impact the market?
- Sellers are not panicking to sell
- After cooling has taken effect, buyers cool down for 1 to 3 months, then all the buyers rush in again
- —Buyers and developers even agreed to back date the OTP so as to avoid the effect of new measures
- —Property analysts predicts 30% drop in price
- —Buyers rush to sign OTP before taking effect the night before
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