Singapore Launches New Measures to Cool Property Market

The video discusses the introduction of new cooling measures in Singapore's property sector due to concerns about overheating. These measures include increased stamp duties for second and third homes, affecting citizens, permanent residents, and foreigners. The video highlights global property trends, the impact of low interest rates, and the political implications of housing affordability, especially for millennials. It also provides statistics on property prices and transactions, emphasizing the robust demand in Singapore's market.

Why did the Singapore government introduce new cooling measures in the property market?

• To reduce housing supply

• To encourage foreign investment

• To prevent prices from exceeding economic fundamentals

• To increase property prices

What is the new stamp duty rate for Singapore citizens purchasing a third property?

• 5%

• 10%

• 15%

• 20%

How have low interest rates affected the property market in Singapore?

• They have decreased demand

• They have fueled speculative trading

• They have reduced foreign investment

• They have stabilized prices

Which demographic is particularly affected by rising property prices in Singapore?

• Retirees

• Young people and millennials

• Government officials

• Foreign investors

How does Singapore's property transaction volume compare to Manhattan's?

• It is half of Manhattan's

• It is the same as Manhattan's

• It is double Manhattan's

• It is triple Manhattan's