Singapore Adds Public Housing Curbs to Boost Affordability
- Loan-to-value limit lowered to 75% for public housing
- Public housing deals at or above S$1 million reached 419 in 1H
Private residential houses and public housing estates in Singapore.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Singapore introduced new curbs on public housing as Prime Minister Lawrence Wong seeks to tame price gains that threaten to become a political flashpoint in upcoming elections.
The measures, which include a lower loan-to-value limit on financing from the public housing authority, are aimed at promoting a “stable and sustainable” market, according to a joint statement late Monday from the Ministry of National Development and the Housing & Development Board.