Who will be affected?
1) PRs who intend to purchase their first property for their stay in Singapore. They are no longer able to rent out their units.
2) Singaporeans who want to purchase a second property for investment purpose.
Who will not be affected?
1) Singaporeans who want to purchase their first dream home will not have the luxury of choice. They have various choices. From BTO (Build-to-order) flats, Resale HDB, EC (Executive Condominiums) to Private Condominiums, they now have more choices.