No significant fall in residential prices in Singapore despite recent cooling measures

Property-report.com, 27 Jan 2011
The recent cooling measures announced by the Singapore government will bring down sales volume, but not to the extent of causing a significant fall in prices, according to a report by DTZ Research.
Margaret Thean, DTZ’s Executive Director (Residential), said: “Landed homes, small apartments and high-end apartments are envisaged to be less affected by the measures. Small units with their low price quantum will continue to attract investors with spare cash or singles wanting their own units. The four-year seller’s stamp duty will have little impact on landed homes as most purchase them for long-term owner-occupation. High-end apartments will continue to see foreign interest.” Full story

Related:
Singapore final Q4 private home prices +2.7 pct vs Q3 - Reuters
Property price increases slowing in Singapore - PropertyWire