Singapore Tightens Rules on Home Flipping After Price Jump.

The article focuses on Singapore's new measures to curb speculation in the Executive Condominium (EC) market to improve housing affordability. The government will double the minimum occupation period for ECs to 10 years and extend the waiting period to 15 years before owners can sell to foreigners or corporate entities. ECs, a hybrid housing type introduced to offer affordable options for higher-income families, have seen rapid price increases, prompting concerns about speculation and accessibility. Additional restrictions include banning deferred payment schemes for uncompleted ECs and reviewing income ceilings for public housing eligibility. These steps complement existing policies aimed at cooling the broader property market and addressing diverse housing needs. [Extracted from the article]