In February Singapore's government raised down-payment requirements and imposed stamp duties on all residential properties sold within a year of purchase in a bid to curb speculation.
But the best way to curb speculation is to impose high tax on the sale of housing, which makes most speculators use what they have gained from speculation in real estate to pay tax.
Joint efforts should be made to stabilize the international energy and food markets, curb speculation and build an enabling environment for the growth of the world economy.
Some scholars believe that levying securities transaction tax or raising the tax rate will increase transaction costs, curb speculation, and reduce market volatility, and vice versa.
To curb speculation and cool the red-hot Shanghai property market, the local government recently issued new rules limiting families to buying one additional home per family.
In the short time, personal tax and bussiness tax will increase transaction cost and curb speculation demand, but in the long term they wil be transferred to the people who buy the houses.
Economists and energy industry executives disagree about the extent to which measures such as a windfall-profits tax or moves to curb speculation will rein in rising oil prices.
