Despite the economic impact of Covid-19, the private residential and HDB resale markets have been buoyant. Source: SpongeBob SquarePants | Giphy I mean, nobody’s travelling and we’re all stuck at home… naturally, people start buying stuff. Some people buy random things online… while others buy property. Don’t believe me? Private housing prices have risen by about 9 per cent since 1Q2020. And HDB resale flat prices have also recovered sharply — by about 15 per cent since 1Q2020. All of this on the back of a low-interest-rate environment means that housing prices are increasing (read: bad news for potential homeowners). This means that it’s time for… the Government to step in. TL;DR: New Property Cooling Measures 2021 In order to keep the private and public housing markets within reach of most Singaporeans, the Government will be implementing new property cooling measures to keep prices in check. Effective 16 December 2021, the following property cooling measures will kick in:...