“There’s a drop in volume, but I think that’s expected because of hesitation and uncertainty,” said Mr Lim Ee Seng, first vice-president of REDAS, at the association’s Lunar New Year reception, as quoted by Channel News Asia. “Properties that were launched after the measures still had a very decent take-up. That clearly demonstrates that there’s a pool of people who are genuinely in need of properties.” Full story
REDAS: Singapore cooling measures stabilising market
Property-report.com, 14 Feb 2011
Singapore’s recently implemented cooling measures have begun to effectively stabilize the property market, the Real Estate Developers Association of Singapore (REDAS) said last week.
“There’s a drop in volume, but I think that’s expected because of hesitation and uncertainty,” said Mr Lim Ee Seng, first vice-president of REDAS, at the association’s Lunar New Year reception, as quoted by Channel News Asia. “Properties that were launched after the measures still had a very decent take-up. That clearly demonstrates that there’s a pool of people who are genuinely in need of properties.” Full story
“There’s a drop in volume, but I think that’s expected because of hesitation and uncertainty,” said Mr Lim Ee Seng, first vice-president of REDAS, at the association’s Lunar New Year reception, as quoted by Channel News Asia. “Properties that were launched after the measures still had a very decent take-up. That clearly demonstrates that there’s a pool of people who are genuinely in need of properties.” Full story
