The Government of Singapore responded to the cooling measures implemented saying the measures put in July 2019 was effective and will be around for a while. While this may not be good news for bargain hunters, the broader market is comforted knowing that the Government of Singapore is in control and wide prices swings will be mitigated, thereby risks will also be mitigated.
If the cooling measures were ineffective, prices of properties will become unaffordable to the general popilation.
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