With property prices correcting, it is time for the cooling measures to lifted? And do you know how much your home is worth?

Are Cooling Measures Obsolete?

http://www.srx.com.sg/singapore-property-news/6202/are-cooling-measures-obsoleteLets further assume that no bank would jeopardize its business and incur the wrath of the Monetary Authority of Singapore (MAS) by lending money to credit-suspect borrowers who are buying overvalued property. If we take these assumptions as valid, then why in the world did the property market reach a point at which cooling measures have cost us $ 21 billion in lost market valueand counting? When participants have insufficient information to make pricing decisions, markets fail. Read more…

Image from SRX.com.sg