Singapore’s New launch property are seems to come to a pause in preparation to the most awaited General Election next month, Singapore Business Review reported to media.
As a matter of fact, property developers are expected to hold new launches, believing that relaxation of the cooling measures is likely to happen within the term of newly-elected government.
As the government recently gave a sign that the curbs will not be relaxed at any moment soon, property players are seeming to experience disappointment.
According to National Development Minister Khaw Boon Wan, property market is yet to achieve a more improve equilibrium, while Finance Minister Tharman Shanmugaratnam revealed that the government is working a wait and see strategy on the possible cooling measures.
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