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What does it do?<br><br>Some concessions will even be extended to chose teams of patrons, akin to married couples with at least one Singaporean partner who're buying a second property as long as they intend to sell their first residential property. ‘We have to take this additional round of measures now, to check current market trends and keep away from a extra serious correction in prices additional down the street,' stated Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam.<br><br>Headlines concerning the Singapore property market have been slightly pessimistic over the past few months. The index tracking prices of Singapore's non-public residential properties continues to slip for the second quarter because the final property cooling measure implemented by the government. Most business contributors do not appear to be optimistic as properly. 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