Private Residential Price Index. It has been almost 1 year since the Government of Singapore implemented its cooling measures. Just a few days ago, they indicated that there is no intention of removing the cooling measures as they have been found effective. Is it? If this upward trend continues, we have no choice but to expect the government to intervene once again.
What is interesting to note here is that the recent price increase has given the developers confidence that the market is accepting the new rising prices in the last few months. Is this sending a wrong signal?
1 July 2019
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