The other day I had a little “fight” with an up-riding escalator. It resulted in a large (but not deep) gash on my toe. While the bandage was on, I managed to resist touching the wound, but now that it’s off, I’m finding it very hard to resist picking at the s… Ahem. I think I shouldn’t disgust you any further.
My point is that bandages are there to allow something to heal, to bring it back to normal. It’s the same way with the property cooling measures, especially the Additional Buyer’s Stamp Duty. The Additional Buyer’s Stamp Duty acts like a bandage that allows the property market to heal.
But less than 4 years since it was implemented, there are starting to be calls for it to be removed.