Singapore Cooling MeasuresThe Government is likely to review the current property cooling measures by this year to assure the soft landing in residential market of Singapore, according to report citing UOB Research.

Considering the bank’s forecast, Singapore home prices may suffer from a drop of 5.0% to 10% this year, the authorities may lessen the seller’s stamp duty (SSD) and reduced some chosen tax rates from the additional buyer’s stamp duty (ABSD).

UOB sense the existing cooling measures will only be steady when the prices have dropped by at least 10%.

Looking back, the government only react when residential market of Singapore was affected by strong external shocks which include the 1998 Asian Financial Crisis and dotcom bubble which happened next. During that period, prices of home were plunged by 45% and 20% respectively.

However, Singapore Property like Botanique at Bartley and High Park Residences will remain very attractive to investors when the Government reviewed Singapore's property cooling measures.