With the stability of Singapore government, we foresee Singapore will remain one of the world’s most attractive cities for businesses and investors in the post pandemic world and this will continue to underpin housing demand over the medium to long term.
With the recent cooling measure in place on 16th December 2021, the purpose is to reduce the risk of a self-reinforcing cycle of price increases in the private and Housing Board resale markets, which will impact housing affordability.
Source: Business Times
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