News - Private Residential Price Index Climbs 1.3% In 2Q2019
Jul 01, 2019
Source: https://www.straitstimes.com/business/property/government-not-relaxing-property-cooling-measures-for-now-mas
One year ago the Government of Singapore implemented its cooling measures to stopped uncontrollable rising prices. Just a few days ago, they indicated that there is no intention of removing the cooling measures as these measures were effective and taking its effect. However, if this upward trend continues, we can expect the government to intervene once again?
The recent price increases have given the developers confidence that the market is accepting the new rising prices over the last few months. Is this sending a wrong signal?
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