Companies, trusts, funds or other purchasers that are not individuals also felt the wrath of the new cooling measures implemented by the government yesterday.
Previously, such property owners were afforded the same benefits of individual buyers - they could borrow as much as 80% of the property price if it was a first purchase or as much as 70% if they had an outstanding loan or finance agreement in place.
The new measures sees this wiped away with such purchasers having to put down a massive 50% of the property price, regardless of whether it is a first time purchase or not for the non-individual buyer.
Some may argue that this measure is a good way of preventing people from taking advantage of a loop-hole in the previously modified measures. Others may argue that it will stop investment in properties for some time as the non-individual buyers would be unlikely to risk half of the property price in property, especially at a time when the next few years seem a little uncertain in terms of growth or return in the property sector.