It is still too early to roll back property cooling measures, according to the Ministry of National Development (MND) yesterday.
It said that although home sales have decreased, prices have remained relatively stable.
The moves to rein in property prices included extra stamp duties to curb speculative buying and the total debt servicing ratio framework which was introduced a year ago.
MND noted that private home prices had surged 60 per cent during the most recent market upswing that began in mid-2009.
Tagged in:
Additional Buyers Stamp Duty ABSD
Ministry of National Development MND
NUS Residential Price Index
Private Residential Property Price Index
Private Residential Market
Private residential property market
Private Residential property Price Index PPI
Sellers Stamp Duty SSD
Singapore Political and Economic Stability
Singapore property market cooling measures
Stabilising of prices of Singapore Property Prices
Stable and Sustainable property market
Total Debt Servicing Ratio TDSR