Singapore’s new cooling measures aimed at slowing down HDB resale market: Analyst

The Singapore government on Monday (Aug 19) introduced new measures to cool its public housing resale market and provide more support for first-time home buyers. It has lowered the loan-to-value limit for Housing and Development Board loans by 5 percentage points, as well as increased the enhanced CPF Housing Grant quantum for lower- to middle-income first-time home buyers. CNA’s Elizabeth Neo speaks to Sing Tien Foo, Provost's Chair Professor at the Department of Real Estate at the National University of Singapore's Business School, to find out his thoughts on these announcements. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia