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Singapore limits mortgages to slow price increases

Taiwan News Online, 13 Jan 2011
The National Development Ministry said Thursday that banks can loan up to 60 percent of the value of a property to borrowers who already have at least one mortgage, down from a previous 70 percent.
The ministry also said owners who sell a property within four years of purchase must pay a stamp tax, up from a previous period of three years. Full story

Related:
Singapore Government Takes Steps To Maintain Property Price Stability - Nasdaq
Singapore limits mortgages to slow price increases - Bloomberg
Even more property cooling measures announced - H88.com.sg
Singapore Imposes More Housing Curbs as Residential Prices Rise to Record - Bloomberg
Singapore announces new measures to cool property market - Monsters and Critics
Singapore Announces New Measures to Cool Property Market - Benzinga.com
Singapore imposes new curbs on property speculation - Inquirer.net
Singapore Extends Housing Measures; Developers Drop - BusinessWeek
Singapore Govt. Announces More Steps To Maintain Property Market Stability - RTTNews
Singapore government announces more anti-speculation measures - Property-report.com
Singapore tightens real estate financing - Gulfnews.com
Posted by sna at Thursday, January 13, 2011
Labels: legislation, property
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