Latest MAS Property Cooling Measures: How does it impact the different property buyers/investors?
The latest MAS property cooling measures effective 12 Jan 2013 is considered the 'strongest' cooling measure that MAS has implemented to further 'cooled down' the buoyant property market. This is despite the various property cooling measures implemented earlier, dated all the way back in Sep 2009.
The continued increase in demand and rise in property prices has prompted MAS to act swiftly in less than 3 months after the last property cooling measure in Oct 2012, which was to limit on the loan tenor and loan amount.