http://www.straitstimes.com/Breaking...ry_494976.html
Feb 25, 2010
Property launches sooner
By Joyce Teo
PROPERTY developers will bring forward property launches to satisfy demand in the sizzling residential market.
'Hopefully when demand is satisfied, there will be less pressure for future anti-speculative measures,' said the president of Real Estate Developers' Association of Singapore (Redas) , Mr Simon Cheong on Thursday.
This in the interest of a stable property market, he said.
Last week, the Government introduced a stamp duty which sellers have to pay if they were to sell their residential properties within a year of purchase. It also lowered the loan-to-value limit for bank loans to 80 per cent, from 90 per cent.
The Government said the measures were meant to temper exuberance in the property market and pre-empt a bubble from forming.