21 Feb '13, 1pm

New: Singapore Property News This Week #91

Chia Boon Kuah, the new head of Redas, had stated at Redas’s annual Spring Festival lunch that while developers are concerned about the latest cooling measures given the limited land supply in Singapore coupled with high development costs and the current maturing property cycle and uncertain economy, they understand the government’s plan for “a soft landing of the property market” and will thus support it. Lim Ee Seng, the second vice-president of Redas and Frasers Centrepoint chief executive, also predicted a stabilisation of prices with transaction volumes being similar to that of last year’s. Wong Heang Fine, the former head and chief executive of CapitaLand Residential Singapore, also stated that it is too early to say if the cooling measures have achieved their desired effect.

Full article: http://www.propwise.sg/singapore-property-news-this-week-91/

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