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Government releases yet another set of property cooling measures amid rising market interest rates

Felicia Tan
Felicia Tan9/30/2022 12:30 AM GMT+08  • 3 min read
Government releases yet another set of property cooling measures amid rising market interest rates
HDBs and condos in the River Valley and Havelock areas. Photo: Samuel Isaac Chua/The Edge Singapore
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The government has introduced yet another set of property cooling measures, where it seeks to ensure prudent borrowing amid the rising market interest rates. The new set of cooling measures also seeks to moderate demand in the Housing & Development Board (HDB) resale market to ensure that HDB resale flats remain affordable.

The new measures will take effect on Sept 30.

The measures were released jointly by the Monetary Authority of Singapore (MAS), the Ministry of National Development (MND) and HDB in the wee hours of Sept 29. The last set of cooling measures was released less than a year ago, on Dec 16, 2021.

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