No Need to Cool Property Market Now

Once again, Minister Mah said that the govt is not gg to over-regulate or interfere in the (pty) mkt if they don't have to. Thus, govt is not planning any new measure to cool the mkt for now.

3Q sub-sales made up abt 22% of total sales in central S'pore; and 2wks ago, the popular Deferred Payment Scheme was removed. This followed speculation that capital gain tax may be the next card. Capital gain tax was introduced in 1996, but lifted in 2001.

* CNA-Pty Mkt *

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Note: One may still be liable to pay for capital gain tax if one is a pty trader ... ... * Case-NP vs IRAS *