According to numbers released this week by SRX Property, HDB resale prices in November have decreased 9.8% since their peak in April 2013.
This decline of 9.8% is double the 5% target set by National Development Minister Khaw Boon Wan.
In May 2013, one month before announcing TDSR, Mr. Wan, speaking in Mandarin, told participants at an Our Singapore Conversation dialogue on housing, "If housing prices keep rising, it won't be good. If we can maintain them or even lower them by a few percent, for example 5%, that's good. When I came into MND...that was my target."
Does this mean the government will end the Cooling Measures?
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drop in resale prices of HDB
Gross Domestic Product versus Property Price Index
Increase in GDP Gross Domestic Product per Capital
Increase in Population by 2020
Inflation
Passive income receivable
Price appreciation in long tern
Principal plus interest
Singapore Gross Domestic Product GDP
Total installment