Echoing what has been said before, Home Affairs and Law Minister K Shanmugam yesterday reiterated that market stability is key when assessing property cooling measures and the government will review property cooling measures when the risks are “less or manageable”.
Mr Shanmugam fielded questions yesterday at our ERA 2016 Asia Pacific Business Conference, and above was his comment in reply to question on when property cooling measures, especially additional buyer’s stamp duty (ABSD), will be tweaked.