Return of cooling measures for S’pore property
Just days after Singapore’s monetary authority fired a warning shot across the bow of the country’s overheating market, the government announced that it would raise the additional buyer’s stamp duty (ABSD) and tighten loan-to-value (LTV) limits on residential property purchases. While the move comes as a surprise to many,... Read more
Hong Kong stamp duty tax fails to curb price growth
A report on residential sales performance in Hong Kong by Jones Lang LaSalle (JLL) revealed that the mass residential capital value index climbed 0.5 per cent over the last two months. This indicates that the stamp duty hike of 15 per cent on all residential transactions has failed to... Read more
Cities in China move to restrict property purchases
Four cities in China have announced new restrictions on property purchases as the government tries to cool soaring home prices stoked by property speculators. According to a Reuters report, the move is the result of rampant speculative activity in the country’s second- and third-tier cities, which have been developing... Read more
BNM: Responsible guidelines ensure affordability
BY Chris Prasad Heated debate about developers being licensed to offer money lending facilities over the past weeks has resurrected fresh criticism about banking institutions and the current environment of tough lending guidelines. Arguments on both sides of the fence regarding developer loans have brought up Bank Negara Malaysia’s (BNM)... Read more
Making housing affordable to the rakyat
BY The National House Buyers Association The National House Buyers Association (HBA) acknowledges the challenges faced by the prime minister in tabling Budget 2017 in view of the slowdown in the global and regional economies and steep drop of the ringgit. HBA’s wish list to stem excessive speculation in the property sector that had caused the... Read more