Bloomberg reports that:
CapitaLand Ltd. (CAPL), Singapore’s biggest developer, may alter the size of its apartments as it seeks to improve affordability to combat government measures aimed at curbing speculation and lowering prices.
- CapitaLand forecast “headwinds” in the near term due to central bank housing curbs
- Last month the Monetary Authority of Singapore capped property loan repayments at 60 percent of salaries
- Singapore home prices climbed to a new record in the Q2 of 2013
CapitaLand to Alter Home Sizes to Tackle Curbs
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There might be lessons in there for the RBNZ as they grapple with the emerging bubble in New Zealand house prices
