According to an article by Property Guru, 105 flats were sold below valuation in October. Based on HDB data, this trend is significantly down from the average monthly 0.3% for H1 2013 and reflects that the number of flats sold below valuation increased four times in October compared to the first half of 2013. This phenomenon reflects a weakening demand caused by the "twin attacks" of stricter home loan rules and massive new flats construction programme announced by HDB in recent years.So should property investors press the panic items?As written in my previous article, the cooling measure will not change market sentiment. Throughout history, the best form of cooling measure had always been a recession. During recession, there would be widespread retrenchment by companies and it is only when people lost their jobs and lost money in stock investments, then they would be forced to ...