Private property still a viable asset class: What you need to know about the latest cooling measures

The latest cooling measures included a hike of five percentage points in ABSD rates for home seekers. Developers have to pay a higher ABSD - 25 per cent instead of 15 per cent - and another 5 per cent that cannot be waived.
The latest cooling measures included a hike of five percentage points in ABSD rates for home seekers. Developers have to pay a higher ABSD - 25 per cent instead of 15 per cent - and another 5 per cent that cannot be waived.ST FILE PHOTO

However, cooling measures have raised ownership cost and experts advise looking at other options

Owning a private residential property has always been seen - rightly or wrongly - as a pretty sound investment for most of us but the surprise imposition of tough new cooling measures a week or so ago has upped the stakes.

Nevertheless, financial experts say real estate is still a viable asset class.

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A version of this article appeared in the print edition of The Sunday Times on July 15, 2018, with the headline 'Private property still a viable asset class'. Print Edition | Subscribe