Singapore Property Correction Not There Yet - DPM Tharman

Property prices in Singapore have not seen a "meaningful correction" yet, said DPM Tharman.
"If we do not get a meaningful reversal after each upswing, property prices will run ahead of the growth of household incomes over the long-term."

From the tone of this interview, I think the Government is signaling clearly that the cooling measures like ABSD will be here to stay for now.

Thanks for reading.