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Singapore Home Buyer Sentiment Affected by Government Cooling Measures

December 05, 2018 / Michael Gerrity

According to Singapore-based real estate consulting firm Edmund Tie & Company, Singapore's private residential market was affected by the latest round of Government cooling measures, which was announced on July 5th, 2018 and took effect on July 6th. Edmund Tie & Company further reports that after a surge in sales volume of private residential properties in Q2 2018, there was a quarter-over-quarter decline of 21.0 percent to 5,569 units for the secondary sales in Q3. This can be attributed to the implementation of new cooling measures, resulting in buyers being more cautious.