By Getty Goh
On 10 Sep 11, the local newspaper reported that the President of REDAS had urged the Singapore government to review the property cooling measures in anticipation of lower housing demand due to the negative global economic sentiments. The news of REDAS’s request was received with mixed reactions. From forum letters to one of Singapore’s local newspapers, some contributors felt that the property cooling measures should remain. Others even asked for the introduction of more policies to further arrest the price escalation of properties.
With property prices at an all time high, one question on everyone’s mind right now is what will the government do next? Will the government accede to populous demands and introduce more measures so that property prices will become more affordable or will the government heed the request of REDAS and lift some of the measures presently in place.
In my view, I believe …