Picking a home for legacy planning
28 February 2013, The Business Times
Seven rounds of cooling measures have been introduced for the residential market segment since September 2009, when it was clear that the property market was recovering. Together with a strong inflow of foreign capital (or what many pundits call ‘hot money’) and cheap home loans, the private residential segment sets new price and volume records from 2010 till 2012.
The most prudent cooling measures introduced were those that curbed excessive risk-taking by reducing borrowing limits, and encouraging investors to take a long-term view by imposing a painfully high four-year Seller Stamp Duty (SSD) and limiting the potential supply of tiny dwelling units.
With such stringent ...