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Singapore Strengthens Measures to Stop Real Estate Bubble

|Includes: iShares MSCI Singapore Capped ETF (EWS)

Alex Finkelstein writes at the Real Estate Channel that Singapore took further actions to cool their real estate market.  The move to increase down payment requirements and loan limits to 70% of sale price, along with increasing the holding period to avoid penalties to three years, came as a surprise.  It had been expected that Singapore would relax constraints placed previously because the real estate market had cooled somewhat recently.

Singapore remains an anti-bubble activist, along with Hong Kong and mainland China.

Finkelstein cites Wall Street Journal sources.

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