Contrary to popular believe, the cooling measures laid out in July was actually in advantage of Singapore’s property market. Many consumers do not understand that such a move was put in place to prevent a property bubble and that would eventually happen as the prices of real estate continue rising at 3.5-3.9%, which was an unhealthy rate.
However, market sentiments has since started to ease and more buyers are able to see that this cooling measure is laid out to help them. Developers are giving discounts to attract buyers to purchase instead of holding back, this can be very advantageous for Singaporean first time home buyers as they are not affected by the cooling measures. Hence, there is still a certain percentage of consumers moving the real estate market.
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