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

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

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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

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: What you need to know about the latest cooling measures. Subscribe