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ryanoon
2022-01-17

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Singapore Home Sales Decline as Property Curbs Introduced

Purchases of new private units fell by about 60% in DecemberCity imposed curbs last month to cool ho

Singapore Home Sales Decline as Property Curbs Introduced

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That’s 60% lower than the 1,547 units sold in the previous month.</p><p>Singapore authorities imposed property curbs on Dec. 16 for the first time since 2018 to cool a market that saw home pricessurgethe most in more than a decade. The measures include higher stamp duties for second-time home buyers and foreigners as well as tighter loan limits.</p><p>Sales may continue to slow in the first few months of 2022, according to Bloomberg Intelligence. 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That’s 60% lower than the 1,547 units sold in the previous month.Singapore authorities imposed property curbs on Dec. 16 for the first time since 2018 to cool a market that saw home pricessurgethe most in more than a decade. The measures include higher stamp duties for second-time home buyers and foreigners as well as tighter loan limits.Sales may continue to slow in the first few months of 2022, according to Bloomberg Intelligence. 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