Q3 has been an interesting time for the Singapore private property market. It’s gotten extra attention for two reasons: First, it’s following the Circuit Breaker in Q2, so market watchers are trying to pick up on the general direction of the market. While we surprisingly saw good sales even in Q2, it was questionable whether the momentum could continue. (If you’re wondering, the answer appears to be yes – URA flash estimates show private home prices are up 0.8 per cent for Q3; an even better showing than the 0.3 per cent the previous quarter. However, the market appears to be led more by landed homes than condos). Second, Q3 saw new OTP restrictions. Market watchers will be eager to see if sales numbers drop in the coming quarters, as the re-issue of OTPs was blamed for inflating sales figures. We’ll soon find out if the theory holds true. In the meantime,...