The Government had introduced the latest property cooling measure few days ago and is the 7th measure since 2009.

The intention is not to crash the property market but to stablise and normalise the current situation.
The governement approach is obvious:using needle to deflate the hot air ballon instead of shooting it down.

We are in a similar situation as America,the collapse of housing price is one of the main factor that triggered the Sub Prime crisis and in the first place no one will ever believe housing price in America will drop, just like in Singapore.No one will believe housing prices for Singapore will drop too.Many people believe when the interest rate start to rise,we can start to see correction in property prices,however i believe when the prices of the property start to decline and stop raising ,that will be the start of the nightmare.

When the property ......