Knight Frank has posted its forecast for the Singapore property market in the near to medium term, expecting a 5% dip in the next 12 months. This comes after the recent government cooling measures, a trend that investors say, have been seen at decreased intervals.
Here is the full report from Knight Frank Regional Analysis, credit Singapore Business Review (sbr.com.sg)
Government intervention in the property markets is not a sudden new phenomenon, but rather a number of policy tools; some which have been used on an ongoing basis, and others when deemed necessary. The importance of a balanced housing market to the health of an economy is such that policy makers, to varying extents, have always found it necessary to intervene by exercising some element of control over market participants, along with two key factors of production; land and finance.
The measures that we have witnessed over the last three …