Why care even it's 50% LTV for 3rd house?? to be effective, impose RPGT 25-30% for first year and slowly reduce it for next 4 year then only u will see the impact. For instance, myself and wife needs only 1 house to stay. with this, we can get 4 houses without triggering this requirement! idiot! totally ineffective in curbing speculation!! learn from singapore, impose 70% on second house and cahrge higher stamp duty and tax.