Business Times - 23 Nov 2009
Curbs on property speculation 'have had some effect': Mah Bow Tan
By EMILYN YAP
The anti-speculative measures implemented by the government in September to cool the property market have worked, said National Development Minister Mah Bow Tan in Parliament on Monday.
'These measures appear to have had some effect in tempering the exuberance in the private housing market,' he noted.
The government on September 14 announced a package of measures to prevent a property bubble from forming. One of these measures was the removal of the Interest Absorption Scheme and the Interest-Only Loans (IOL).
Another was the resumption of land sales on the Confirmed List for the first half of 2010.
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To know more how this is really work for you and your clients....
Please contact me Terence Tay @ (+65) 9387-5896 or email : terencetay.kh@gmail.com
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