Why it's necessary for property cooling measures to stay

The curbs early this year were not a sign of lifting cooling measures.

CNBC reported that the Singapore's property cooling measures, which have dampened residential sales and prices since their introduction in 2009, remain necessary, as told by the Monetary Authority of Singapore.

"Our key property market measures remain necessary for a stable and sustainable residential property market and to encourage household financial prudence," MAS said.

The government had appeared to be taking a more sanguine view of the need for cooling measures, scaling back some of the curbs in March, including lowering the seller's stamp duty and shortening the minimum holding period to avoid it.

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