Like it or not, property is close to our hearts. Whether as an investment or a home to stay in, movements in the prices of real estate today can impact us for many years to come. As such, the issue of property prices is not just an issue close to the heart of the common man, it is also an issue that is of concern to the regulatory authorities.
With the prices of properties increasing over the last few years, Singapore’s government has stepped in on 16th December 2021 to try to keep prices under control. A failure to address it will result in prices moving beyond what is affordable for the future generations, and so the government is determined to calibrate the market with measures that will bring sanity and sustainable growth.
With the cooling measures in place, aspiring owner of Piccadilly Grand can ensure that developer will be more price sensitive when they launch their price.
Source: Business Times
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