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

There might be lessons in there for the RBNZ as they grapple with the emerging bubble in New Zealand house prices