Foreign buying fell substantially in 2012, after the government's earlier round of cooling measures.
WSJ: Singapore Fee Stings Wealthy House Buyers��Except Americans
In late January, just before Chongqing and Shanghai launched their property taxes, the authorities announced new market-cooling measures.
If there are cooling measures, we will account for them, but we won't slow down or halt our investments.
WSJ: Managing in Asia: Liew Mun Leong: Singapore's CapitaLand Sees Plenty of Spark in China
Last week, the deputy premier announced new taxes on apartments sold within three years from purchase and other market-cooling measures.
Most recently, in December, Singapore introduced its fifth set of market-cooling measures since September 2009, imposing additional stamp duties on certain buyers, with higher levies on foreigners.
WSJ: Managing in Asia: Liew Mun Leong: Singapore's CapitaLand Sees Plenty of Spark in China
Tuesday night saw a drop in the level of violence, with 617 vehicles set ablaze and around 200 arrests, though it was not clear whether this was due to the new measures or to the unrest cooling off as rioters saw that they had made their point.
ECONOMIST: A wounded nation resorts to extreme measures | The
Under the plan, the week without violence is intended to lead to six weeks of cooling off, followed by confidence-building measures.
These called for an immediate ceasefire, followed by a cooling-off period and a series of confidence-building measures to bridge the gap between the current violence and a resumption of long-term negotiations.
On a trip to the region last week, U.S. Secretary of State Colin Powell got the two sides to agree to complete seven straight days without violence -- to be followed by a six-week "cooling-off period" when the two sides would begin to implement confidence-building measures.
应用推荐