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11 Mar 2017

Some Cooling Measures Lifted In Singapore

Only last month the concensus from several industry leaders and tax advisors alluded to no releief on the governmnet cooling measures in the mid-term. Market forces would cotinue to prevail in a somewhat lacklustre market. Then in the past two week, we have several attempts by the industry to "talk the market up", which in our opinion, made no sense. Today, in a surprise move, that caught the industry flt footed, the government has announced the lifitng of some restrictions. The motivation behind this? Could be that rising global interest rates would further pressure the market and some easing of the measures may offset an rise in interest rates. Our comment: Probably won't make much of a difference at the end of the day, if and when the Fed follows through on an increase this month. Full Bloomberg story here.

https://www.bloomberg.com/news/articles/2017-03-10/singapore-to-ease-rules-on-seller-stamp-duties-ease-loan-ratios