Private property prices could go down by five to seven per cent, predicted property analyst Mohamed Ismail of PropNex, as new property cooling measures took effect on Saturday.
The measures, aimed at ensuring a sustainable and stable property market, include tightening property ownership for investment.
Mr Ismail said sales volume of private property is expected to fall by over 50 per cent, as buyers and investors choose to wait out and see the effects of the cooling measures. Full story
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