Let’s face it. Singapore is a really small country.
With an ever increasing demand of houses being built at every corner of Singapore, it is no wonder prices have been rising rapidly in the past 50 years.
However, when Demand and Supply goes out of whack, as seen with property private home prices rising to the highest point in four years in the April to June quarter. This news suddenly drops:
“The government has been monitoring the property market closely. We are very concerned that prices are running ahead of economic fundamentals,” said Mr Lawrence Wong, Minister for National Development on Thursday.
This is in additional to the tightening LTV (Loan To Value) limits as well on residential property purchases. It will be