Singapore has announced a series of measures to address the growing issue of property flipping, following a sharp rise in home prices.
The government is targeting speculative activity in the housing market, which has contributed to increased volatility and affordability concerns.
The intervention comes as property prices in the city-state have surged, driven by a combination of low interest rates and strong demand.
Authorities are now imposing tighter restrictions on short-term property transactions, with the goal of curbing speculative behavior and ensuring long-term stability in the real estate sector.
The move reflects broader concerns about the impact of rapid price increases on housing affordability and financial stability.
While the immediate market reaction remains to be seen, analysts suggest that the new rules could slow down the pace of price growth and reduce the risk of a housing bubble.