Absolutely right
[The] government is quick to intervene and manipulate the market when prices start to climb.
(Related post: Akan datang: GE in late 2019)
What Sarah Vaulkhard, adviser on the overseas desk at Property Vision wrote for FT
Singapore’s real estate market was pretty buoyant in the first half of 2018, with levels of transactions up, backed by high demand and good economic growth. However, as always, the government is quick to intervene and manipulate the market when prices start to climb, and in July it increased the additional buyers’ stamp duty and tightened the loan-to-value ratio.
Singapore will also feel the effects of the trade war between China and the US, as its economy relies heavily on the health of global trade. Interest rates are also likely to go up due to the fall in the Singapore dollar against the US dollar. For 2018, I warned of high levels of supply and this continues to be a real concern. The bounceback in Singapore’s real estate was short-lived and is likely to remain pretty stagnant into 2019.
Second para more accurate than the the headline and accompanying piece in constructive, nation-building CNA (Sometimes ang moh deserve to be tua kee)
Don’t expect Singapore’s private home prices to match growth of 2018: Experts
Thoughts of a Cynical Investor 