Cooling measures won't affect genuine homebuyers, will prevent risk of 'destabilising' market correction: Desmond Lee

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SINGAPORE — The latest property cooling measures will not affect genuine buyers looking for a home to stay, especially first-time buyers, assured National Development Minister Desmond Lee on Wednesday (Dec 16).

SINGAPORE — The latest property cooling measures will not affect genuine buyers looking for a home to stay, especially first-time buyers, assured National Development Minister Desmond Lee on Thursday .

“Crucially, our measures seek to prioritise housing purchases for genuine owner-occupation, especially among first-time homebuyers,” Mr Lee added in a briefing for the media on Thursday morning to explain the latest measures. Mr Lee said that the Government “decided to move now” despite the uncertainty by Covid-19, as it wanted to reduce the risk of a self-reinforcing cycle of price increases in the private and public housing resale markets that will impact housing affordability.

On changes to the ABSD rates, Mr Lee said that the rates remain the same for Singapore citizens and permanent residents purchasing their first residential property. The TDSR change is intended to encourage greater financial prudence among homebuyers by providing them with an additional buffer against potential income reductions or interest rate increases.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

It only won't affect the rich. Full stop

Cooling measures won't affect genuine ric* homebuyers, will prevent risk of 'destabilising' market correction

More for the gov as well. Land sale, extra tax revenue all in the name of ‘cooling market’ 🤣

Can prevent 1 million dollars hdb flats mah? Can propose a levy on owners who are selling 1 million and above on their hdb flats unless strong justifications mah?

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 1. in TH

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