Tag Archives: real estate

The Monetary Authority of Singapore (MAS) has been resisting calls from real estate developers to ease off cooling measures. The Real Estate Developers’ Association of Singapore has repeatedly called on the Government to ease some of the cooling measures, especially the additional buyer's stamp duty. It said earlier this year that the ABSD on the high-end housing market “runs counter to the Government’s efforts to encourage foreign investment flows into the country”.

Orchard Road's malls have come under scrutiny recently as several venerable department stores have closed shop and the latest addition to the sprawling shopping street, Orchardgateway mall, struggles to pull in consumers.