Jul
09
Three Charts That Help Explain Singapore’s New Property Curbs
BySingapore imposed cooling measures on its property market last week, in a bid to contain what the central bank described as ‘euphoria’ in the sector. Here are three charts showing some of the factors behind the government’s concerns:
1. Prices
Residential property prices have rebounded since the middle of last year, after Singapore reduced a stamp duty on sellers and eased mortgage restrictions in March 2017. In the absence of the cooling measures imposed last week, prices would likely have continued higher to revisit their 2013 peaks, according to Christine Li, a senior director of research at Cushman & Wakefield. That’s now unlikely to happen, Li said…
Three Charts That Help Explain Singapore’s New Property Curbs
