Sub-sales are now a thing of the past.
Eight rounds of cooling measures have done a good job of curbing speculative property buying in Singapore, according to this chart from Credit Suisse.
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Balance of demand and supply of housing units
Correction in property prices
Decrease in unemployment rates
GDP growth forecast
GDP growth versus Property Price index
GDP versus property price index
Household Assets
Immigration growth
Increase in business activities
Increase in household spending
Increase in income
Increase in interest rates
Increase in productivity
Inflation below longer term objective
Principle of Demand and Supply Fundamentals
Rising interest rates environment
Speculative property buying
Stable sustainable property market
Weakening in labour market