Before the markets can digest the news, the Singapore government came out with a new set of property cooling measures at about 7.30 pm yesterday evening (5th July 2018)

What happens next is that a slew of almost ready to launch projects was released at 8pm yesterday evening including the much reported Riverfront Residences in Hougang.

What was surprising was the speed of the execution:

1. Managing Director of MAS Ravi Menon warned on Wednesday, telling individuals who purchase property to be careful. Interest rates are rising, be cautious of debt servicing burdens, avoid taking on too much leverage when buying a house. He also warned banks to be careful when underwriting, there’s euphoria now, everything looks good. He also warned that we should be mindful of the big supply coming on stream.
2. DBS chief executive officer Piyush Gupta said on Thursday, the government introducing tightening measures to cool ...