With the recent cooling measure in place on 16th December 2021, the purpose is to reduce the risk of a self-reinforcing cycle of price increases in the private and Housing Board resale markets, which will impact housing affordability.
The new measures are aimed at addressing both the demand and supply of housing, and will help to support a stable and sustainable property market in the medium term, and also ensure that housing remains affordable for Singaporeans.
Source: Business Times
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