Other countries can't handle their housing bubbles.
Singapore has lowered down housing prices by 3.7% over the past 12 months, as other cities like London, Manhattan and Sydney struggle to keep their housing prices from surging.
Bloomberg says that Singapore and Hong Kong did not even break a sweat as it reined in home prices by imposing measures including mortgage caps, taxes on property flippers, and levies on foreign buyers as high as 15%.
Tagged in:
Additional Buyers Stamp Duty ABSD
Exemptions and Reliefs of ABSD
Loan to Value ratio LTV
Maximum loan quantum
Maximum Loan tenure
Mortgage Loan Curbs
Mortgaging Servicing Ratio MSR
Residential Property Price Index GDP growth
Sellers Stamp Duty SSD
Singapore property market cooling measures
Total Debt Servicing Ratio TDSR
Urban Redevelopment Authority of Singapore URA