10 Dec '13, 12am

Why are property prices still increasing despite the introduction of cooling measures?

As for Singapore, the report noted that “private residential property prices have moderated to a low growth level”, unlike other Asian markets such as Hong Kong and China, where house prices have continued to increase despite the introduction of cooling measures. “This demonstrates the tentative effectiveness of the property cooling measures and the Total Debt Servicing Ratio (TDSR) ruling, which reduced speculative activity in the market and debt exposure of property buyers,” said Alice Tan, Head of Consultancy & Research, Knight Frank Singapore.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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