Tough new cooling measures will likely dampen inflow of foreign money into private housing market

Some analysts have noted that the increase in additional buyer’s stamp duty for foreigners seems a bit too punitive. ST PHOTO: LIM YAOHUI
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SINGAPORE - Tougher. Harder hitting. The most aggressive.

Market observers used these words to capture their surprise at the latest round of property cooling measures that were announced just 20 minutes before they kicked in at midnight on Wednesday (Dec 15), giving buyers, developers and property agents no opportunity to react.

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