The cooling measures were implemented by the Government of Singapore almost a year ago. Just a few days ago, they indicated that there is no intention of removing the cooling measures as they have been found effective. If this positive trend continues, we can almost expect the government to intervene once again.
It is interesting to note here is that the recent price increase has boosted the confidence of developers that the market is accepting the new rising prices in the last few months. Is this sending a wrong signal?
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