Is this enough......to quell the market sentiment???
Sept. 14 (Bloomberg) -- Singapore is introducing new measures to prevent excessive price swings in the property market following signs that speculative home buying may be on the rise, National Development Minister Mah Bow Tan said.
The government will push for more sites to be sold and will bar interest-only mortgages for uncompleted housing projects, Mah said. It will also stop allowing developers to absorb interest payments for apartments that are still being built, he added.
Singapore’s home sales may reach 10,000 homes in the first seven months, and the so-called take-up rate for these projects may reach a record, he added.