The Government has entered the market to cool the rocketing property prices. They have revised the Additional Buyers Stamp Duty payable on a new purchase and the Loan-to-Value limits on housing loans granted by Banks.
What's next?
I expect the URA to step in and limit the number of shoebox apartments a developer can build in any one development. If the future is only shoebox size then couples will have to resort to HDB for larger units for their growing families. It can't all be about maximising a developer's profit.
From the IRAS
https://www.todayonline.com/singapore/raising-additional-buyers-stamp-duty-rates-and-tightening-loan-value-limits-promote-stable#cxrecs_s
Looks like The Tanamera is lining up to go for a Collective Sale. An owner has set up a website and sent me the link.
