I read with bewilderment the article from Singapore Property Review titled “An inconvenient truth: Property curbs may never be lifted, analysts warn”.
“The report argued that unless property prices plunge suddenly and dramatically, buying curbs may not be lifted in order to substantially reduce Singapore’s unhealthy fixation with real estate.”
This remark from the Maybank Kim Eng property report leaves me scratching my head. While I try to digest what it really means, I notice that there are some important points that the analyst may have missed in the arguments.
There are at least four things that I hold a different view from what the brokerage firm says.
1. No one can influence the Singapore government’s housing decisions.
The efforts of industry stakeholders and market analysts to predict or speculate whether and when the government will lift the property cooling measures have proved in vain time and ......