It has been more than 2 years since the most hash cooling measures namely Total Debt Serving Ratio (TDSR) and Additional Buyers Stamp Duties (ABSD) was introduced in 2013.

That measure set the record of the most hashest measure in Singapore real estate history. Not only this time it stop the property prices heading North steeply, it even cause the price to soften. The market changed from sellers market to buyers market almost overnight, property owner used to command high prices despite poor condition can no longer do so.

Although the market seems to be soften but not many investor who used to talk about entering property market at its low took little action. Just like gravity, once the prices drop one can’t tell how bad it would turn out to be.

Many buyers stretched their limits through slightly over leveraging by lending from the bank due to very low interest rate, who can resist high rental yield. On one hand it is good to ensure buyers are prudent but on the other hand it interfere with the public and private housing directly.

It is about time to relax the cooling measures but still curb on over speculation in the property market.


Time to review property cooling measures Whang – The Straits Times. After years of rocketing values, it has almost become a foregone conclusion that housing prices slip every quarter now. Data on Wednesday shows private home prices were down for the seventh straight quarter, shedding 0.9 per cent in the three months to June 30. Prices are down about 6.7 per cent from the third quarter of 2013. Read more…

Image from