Rationale and Impact of Property Cooling Measures 2021
"Despite the near term uncertainty about the Covid-19 situation, there is a clear upward market momentum in prices and transaction volumes. Left unchecked, prices are likely to run ahead of economic fundamentals." "Borrowers will also be vulnerable to likely rise in interest rate in the next year and beyond." "The government has decided to implement new cooling measures to reduce th risk of a self-reinforcing cycle of price increases in…