Property Cooling Measures
The Government of Singapore is pleased that the property cooling measures implemented in July 2018 have achieved its objectives of dampening any uncontrolled growth of the real estate industry. If not for such measures, we could have seen a property price bubble formed by the end of 2018. As a result, the Government of Singapore does not intend to make any changes to the measures in the near future. While growth is tightly controlled by the government of Singapore, it also means huge fluctuations will be closely monitored which is a good thing for the market overall.
27 June 2019
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