Many people in the real estate market have been caught by surprise, by the swiftness and harshness of the sudden announcement of the market cooling measures by the Singapore Government on 5 July 2018. These new cooling measures increase the uncertainties in the real estate market.
Many potential homebuyers are curious to know what property developers will do in response to the cooling measures. This is especially so for the developers with condominium projects that are waiting to be launched.
Will developers offer discounts at their launches and how effective are discounts in generating sales?
Will developers delay their launches?
Listen to what ZACD’s Executive Director and Chief Investment Officer, Nicholas Mak has to say on these issues. Click here to listen to the Money FM 89.3 podcast.