Singapore’s attempts to cool the property market will have limited impact on the luxury sector, according to Edmund Cheng, Deputy Chairman of developer Wing Tai Holidays.He said: “I think the measures address more for the upgraders market. Most of our properties are all high-end, upper-middle and super high-end, so the impact is not much.” He added, however, that Wing Tai is not expecting to see a dramtic drop in prices, Full story
