On September 29 (Thursday) evening, the government announced new property cooling measures again. The new rules aimed to moderate demand and ensure prudent borrowing amid rising interest rates. They were also meant to address the public concern of rising home prices and to improve housing affordability. While industry stakeholders and homebuyers were caught by surprise, some … [Read more...]
Property cooling measures, here we go again!
Yesterday (December 15) right before midnight, the government announced new property cooling measures, with higher ABSD (Additional Buyer's Stamp Duties), lowered LTV (Loan-to-Value) and tightened TDSR (Total Debt Servicing Ratio). The predictable pattern to impose new curbs We had the last round of cooling measures just three years ago in July 2018. Let's recall the … [Read more...]