It is indeed disappointing to note that even with the improved election results, the MND still not going to lift the cooling measures.
But I think this isn’t a bad move after all. As US stock market didn’t do well couple of months back, hence the impact of recession likely to hit our shore in coming months. If it does happen, it helps to deter buyers over committing themselves.
It would be still worth waiting for the lifting of the cooling measures and see a free market again.
Not Time Yet to Unwind Property Cooling Measures: National Development Minister Lawrence Wong
Since their peak in the second quarter of 2013, prices have fallen about 10 per cent. Private home prices are also down 8 per cent from their last peak in the third quarter of 2013. These price drops have been in part due to several measures introduced to tame the hot market. Read more…
Image from srx.com.sg