Singapore’s property market has made headlines in recent months with the prices of resale HDB flats rising for the 26^th straight month in August. In particular, flash data from the Urban Redevelopment Authority also saw private home prices rising by 3.4% in the third quarter of 2022 compared to the previous quarter. Given the circumstances, it was unsurprising to learn that the government had imposed yet another round of property cooling measures to take the fizz out of the market. The government is rightfully concerned that rising interest rates may crimp borrowers’ ability to service their mortgages and lead to financial stress. The last round of cooling measures was implemented back in December last year with the aim of cooling the red-hot property market. This raft of measures has implications for three stocks that rely on a buoyant property market to help their business to grow. We look at the implications for these three businesses and the sector they are in....