Too Early To Relax Cooling Measures (MND Singapore) (1st July)

Too early, says the Government.  And I agree.  The prices are still rather high and sticky downwards.

Developers have very deep pockets and they can hold on to all the unsold units.

I agree with Ms Christine Li (research head of Property Agency, Orange Tee) and she was quoted in the article below.  I reproduce the quote:

"Four years ago, mass market units were about $700 to $800 psf.  Now, the more attractively priced units are already nearing $1,000 psf.... I think upgraders from Housing Development Board flats in particular will still prefer a steeper price correction."