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Property cycle stabilises, thanks to cooling measures

Jun 09, 2019 - The Straits Times (Singapore)

A new round of cooling measures were introduced last July to dampen demand in the property market.

Higher additional buyer's stamp duty (ABSD) rates and stricter loan-to-value (LTV) limits on residential property purchases were imposed to dissuade buyers from overextending themselves financially, said National Development Minister Lawrence Wong when the measures were announced.

The move came amid rising private home prices, which had soared 9.1 per cent over four quarters at the ti...