The new property measures aimed at cooling the Hong Kong property market are unlikely to be imposed in Singapore any time soon, according to some industry experts.
They noted that the Singapore market is not at the same frenzied level as HK, while recent measures implemented by the government need time to take effect.
The HK measures have targeted property speculators with a sliding scale of new stamp duties and restraints on lending, which is mostly directed at the high-end market.
If these measures do not deflate the asset bubble that is clearly coming, tighter measures are will certainly be implemented, as hinted by Financial Secretary John Tsang.
While both Hong Kong and Singapore have similar characteristics in terms of the property market and foreign investment, many analysts said such measures are not likely to be implemented in Singapore.