The official private home prices index has shed 3.2% in three straight quarters, after peaking in Q3 last year. Property consultants expect a moderate price erosion.
Well, look at it another way, the property market looks to be very robust. Despite all the cooling measures, TDSR, the drop has only been 3.2%. While some influential market players like Kwek Leng Beng have urged Government to review the cooling measures, I am glad that Government has come out to say that the measures will stay, for now. Come on, only 3.2% drop and you want to review?
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