New measures by Govt to cool the property market

The Government has announced new measures to maintain a stable and sustainable property market.

These measures apply only to residential property transactions which the option to purchase (OTP) was granted falls on or after 14 January 2011; or if there is no OTP, where the date of the Sale & Purchase agreement falls on or after 14 January 2011

Refer to the table below for a summary of the revised measures:

To find out more:

§  Click here to read the press release from URA; and

§  Click here to read the revised MAS Notice 632.

Many Thanks to my Buddy Glenn Kee for alerting me to this memo....And hereby able to share with you guys ;)

Visit his webbie for more information of what he can help :)

http://www.glennkee.myweb.sg/

- Jason