Have there been any cooling measures introduced in February 2025?

As of the current information available up to February 2025, there have been no new cooling measures introduced in February 2025. However, the government has indicated that it is ready to implement further cooling measures if necessary to maintain affordability and prevent a property bubble.

Minister for National Development Desmond Lee has stated that the government is waiting for the previous measures to take effect and is cautious about intervening in the property market to avoid overcorrection. The last set of cooling measures was introduced in April 2023, which included significant changes such as doubling the Additional Buyer’s Stamp Duty (ABSD) for non-resident foreigners and reducing the maximum loan-to-value (LTV) ratio for HDB loans from 80% to 75% in August 2024.