Cooling measures in Singapore not having much of an affect on real estate market

PropertyWire, 1 Oct 2010
Recent property cooling measures are not likely to have a significant impact on the overall property market in Singapore, it is claimed.
Property experts speaking at an industry seminar said global economic issues play a larger role, and that property prices will ride on positive economic growth.
The number of HDB resale transactions may have seen a sharp drop in the week immediately following the government’s cooling measures, but experts said that overall, the recently announced curbs will only have a marginal impact on the overall property market in Singapore. Full story

Related:
Singapore private residential property prices reach new record high in 3Q - Canadian Business Online
Singapore property prices reach new high in 3Q - BusinessWeek
Housing prices in Singapore reaches d high in Q3 - TopNews Singapore
Much interest for Singapore houses - CalcuttaNews.net