Singapore announces new property cooling measures

Tighter loan limits and longer waiting periods for private property owners to purchase public flats are among the latest cooling measures Singapore has introduced to keep housing affordable. The aim is to moderate demand and ensure prudent borrowing amid rising interest rates. National Development Minister Desmond Lee has said that the Government will continue to monitor the property market and adjust policies to ensure public housing remains affordable. He added that if there is a need, private housing supply will be increased.

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