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Singapore Imposes Property Curbs to Help Cool Housing Market

  • Higher taxes on second-home buyers, tighter loan limits
  • Home prices have surged in the city state the past year
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WATCH: Singapore has introduced a new round of property curbs in a bid to cool the surge in home prices. Bloomberg’s Haslinda Amin reports.Source: Bloomberg
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Singapore introduced residential property curbs for the first time since 2018 to cool a surge in home prices over the past year. 

Shares of developers including City Developments Ltd. dropped Thursday after the government said it’s raising additional stamp duties for second-home buyers and foreigners purchasing private property. It’s also tightening loan limits for public housing apartments.