Singapore Moves To Chill Down Real Estate
The Singapore Government is staging an intervention to slow down speculation amid growing concerns of a property bubble.
At the heart of the matter are concerns in the residential second home or investment sector. One of the key growth markets has been overseas buyers from mainland China which matches the trend felt in Hong Kong for the past few years.
Key moves are limitations on debt leveraging ratio's and a stamp duty penalty on property 'flippers' who only hold for one or two years before selling on and taking profit.
With interest rates remaining in a comatose state, anxious investors have been searching far and wide where to actually park money with a view to high returns.
Bangkok has also seen early warning signs of rampant speculation but for now the Government has been sidelined in domestic matters