The latest data shows that Singapore new private home sales in June has dropped to the lowest level since May 2020. At the first glance, you may be mistaken in thinking that the property trend has an abrupt reversal after months of surging private home prices in the earlier part of the year. You may even be thinking that prices of properties are finally coming down! Unfortunately, or maybe fortunately for some, I don't think so. I don't think we are going to see property prices, especially those of private homes, dropping any time soon. In fact, I'm optimistic that the property prices will continue to rise for the rest of the year. You may be thinking why. Simple. It's all about demand and supply. In my earlier post on property, I have stated that we are having a big bump in the number of HDB units attaining MOP status...